Bought from Crichton-Stuart Management, the portfolio includes a large number of HMO (house in multiple occupation) flats in prime student areas, including 3-4 bedroom flats in the Marchmont area of the capital.

Managing director Simon Rettie said: “Acquiring the portfolio of Crichton-Stuart Management, one of Edinburgh’s most well-established residential property businesses, forms part of our growth strategy for the lettings side of the business.”

Karen Turner, director of lettings, added: “The Crichton-Stuart Management portfolio is an excellent fit with the existing Rettie & Co portfolio and builds on the holistic asset management approach of the firm.  Looking at Edinburgh specifically, the city reached record rental levels in 2018 so we see this as an optimum growth opportunity.”