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THE SCOT TISH CITIES ALLIANCE INVESTME NT PROSPECTUS ISSU E 4 - OCTOBER 2015

Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

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Scotland’s cities and their regions are a major global competitor, offering scale through collaboration and innovative support and solutions to investors. The seven Scottish Cities offer a wealth of opportunity for investors, with nationally significant regeneration projects and major city centre developments sitting alongside key developments in growth sectors. This prospectus brings together investor, developer and occupier opportunities across the seven Scottish cities. The breadth of opportunity available highlights Scotland’s cities as modern, 21st century places to invest and do business.

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Page 1: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

THE SCOT TISH CITIES ALLIANCE INVESTMENT PROSPECTUSISSUE 4 - OCTOBER 2015

Page 2: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

WELCOME TO THE SCOTTISH CITIES ALLIANCE INVESTMENT PROSPECTUS The seven Scottish Cities – Aberdeen, Dundee, Edinburgh, Glasgow, Inverness, Perth and Stirling - offer a wealth of opportunity for investors, with nationally significant regeneration projects and major city centre developments sitting alongside key developments in growth sectors.

This prospectus pulls together investor, developer and occupier opportunities across the seven Scottish cities. The breadth of opportunity available highlights Scotland’s cities as modern, 21st century places to invest and do business.

WHY INVEST IN SCOTLAND?Scotland’s cities and their city regions are a major global competitor, offering scale through collaboration and innovative support and solutions to investors.Welcome to Scotland’s cities – open for business, and world leaders in• Innovation• Creativity• Connectivity• Education• Skills• Liveability

HOW TO USE THIS PROSPECTUSOpportunities are grouped according to development type and then alphabetically within each section.• Mixed use• Hotel & Leisure• Industrial• Office• Residential

The principal contact for each site or opportunity is listed with each entry, and principal city contacts can be found on the contact information page.

This prospectus will be updated as future opportunities come on-stream. This means the most up to the minute information is just a click away, and you can be among the first to find out what’s happening in Scotland’s cities.The Scottish Cities Alliance is the collaboration of Scotland’s seven cities and the Scottish Government, strategically facilitated by the Scottish Council for Development and Industry (SCDI).

Page 3: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Aberdeen City Centre RegenerationePark Aberdeen - Aberdeen Exhibitionand Conference CentreBroadleys Business ParkCity Science/ITREZCollegelandsDundee Waterfront Central Waterfront SeabraesEdinburgh St. James Edinburgh Bioquarter Edinburgh Park Forthside Fountainbridge HaymarketIngram Street

CONTENTSMIXED USE

HOTEL AND LEISURE

INDUSTRIAL

OFFICE

RESIDENTIAL

CONTACT INFORMATION

Inverness Airport Business Park Inverness CampusMill QuarterMurray RoyalNew WaverleyPH20QuartermileScottish TV & Film Studio Complex Station Gateway

BroxdenCentral Waterfront Meadowbank Murray Royal PH20

Broadleys Business Park Dundee Energy Park East Dundee Energy Park WestKinross WestLinlathenPerth Food and Drink Park Port of Dundee

Aberdeen International Airport Development ZoneBroxdenCentral Waterfront Kildean

Central Waterfront Murray Royal PH20Viewforth

CONTENTSMIXED USEAberdeen City Centre RegenerationBroadleys Business ParkCity Science/ITREZCollegelandsDundee WaterfrontCentral WaterfrontSeabraesEdinburgh St. JamesEdinburgh BioquarterEdinburgh ParkForthsideFountainbridgeHaymarketIngram Street

Inverness Airport Business ParkInverness CampusMurray RoyalNew WaverleyPH20QuartermileScottish TV & Film Studio ComplexStation Gateway

HOTEL AND LEISUREBroxdenCentral WaterfrontMeadowbankMurray RoyalPH20

INDUSTRIALAuld Bond RoadBroadleys Business ParkDundee Energy Park EastDundee Energy Park WestLinlathenPerth Food and Drink ParkPort of Dundee

OFFICEAberdeen International Airport Development ZoneAuld Bond RoadBroxdenCentral WaterfrontKildean

RESIDENTIALCentral WaterfrontMurray RoyalPH20Viewforth

CONTACT INFORMATION

scottishcitiesallianceAberdeen Dundee Edinburgh Glasgow Inverness Perth Stirling

Page 4: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

MIXED USE

Page 5: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Aberdeen City Centre Regeneration

Site Name: Aberdeen City

City Region: Aberdeen

Development Type: Mixed Use

Planning Status: No Permissions

Investment Sought:

Completion Date:

centre that it can be proud of. Aberdeen City Council recognises this challange and aims to

to attracting and retaining the talent and investment needed to grow the economy. This

economic growth and essential in underpinning

The Council with the help from the British

engineers and urbanists is preparing a city centre master plan and delivery programme for Aberdeen City Centre. The Council has set

infrastructure fund to provide the necessary funding for this vital regeneration. This fund aims to demonstrate a commitment to kick start investment and move the city centre forward.

PROJECT OVERVIEW

regeneration of Aberdeen City Centre. They highlight a recgnition of the need for strategic development of the City Centre to create

The importance of the relationship between a dynamic City Centre and sustained economic prosperity is recognised. People look for

built in. High standards are correspondingly being expected of

The Council with BDP is preparing a city centre masterplan and delivery programme. It aims to produce an innovative design proposal for the heart of the City of Aberdeen that will act as a key

commitment to moving the City Centre forward.

BUSINESS CASE

ANTICIPATED ROI

and environmental contributions. The masterplan

Energy City.

REGENERATION BENEFITS

Contact Name: Andrew Win

Position: City Development Programme Manager

Organisation: Aberdeen City Council

Phone:

Email:

Site Ownership: Aberdeen City Council

Other Project Stakeholders: BDP

CONTACT

The defined delivery programme for the City

Centre - Union Square and Marishal College developments, planning

Page 6: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

REGENERATION BENEFITS

CONTACT

Project Name: ePark Aberdeen - Aberdeen Exhibition and

Conference Centre

City Region: Aberdeen City

Location Address: Dyce/Aberdeen Airport - Aberdeen City

Site Size: 150 acres

Development Type: Commercial Mixed Use

Planning Status: Part Permission

Investment Sought: Investment/Partner/Buyer - £100m+

Completion Date: December 2018

Contact Name: Andrew Win

Position: City Development Programme Manager

Phone: 01224 523060

Email: [email protected]

Site Ownership: Aberdeen University

Other Project Stakeholders: Aberdeen City Council & Henry Boot Developments

PROJECT OVERVIEWePark Aberdeen is located 4 miles northwest of Aberdeen city centre and adjacent to Aberdeen International Airport

The development is set within a 150 acre landscaped park with direct access onto the A96 and the new Aberdeen Western Peripheral Route.

ePark Aberdeen is anchored by Aberdeen’s new Exhibition and Conference Centre and three new hotels providing 500 bedrooms pre let to national operators.

The site provides Aberdeen with state of the art Exhibition and conference facilities capable of underwriting the city as Europe’s energy capital and represents an initial Phase 1 investment of over £300m.

The site is complemented by 60,000m2 of new grade A business space which will be powered by a sustainable energy centre located within the park

BUSINESS CASEThe development of ePark Aberdeen will commence in early 2016 with the fi rst phase, which includes the exhibition and conference centre, three hotels and energy centre, due for completion in early 2018.

The new exhibition and conference centre capable of hosting large international conferences including ‘Off shore Europe’.

The new events facility will also include a 9,000m2 arena capable of accommodating 10,000 seated with a further 6,000m2 of additional

fexible exhibition space. A further 31,000m2 of subterranean space will be available for major conferences and exhibitions along with VIP boxes, full dining and banqueting facilities and over 2,000 onsite car parking spaces.

The scheme will provide over 60,000m2 of flexible grade A office accommodation split into a series of distinctive zones within the wider development.

We anticipate a positive knock-on eff ect for businesses and communities in the region, which will see additional job opportunities, thoughtful development of communities, new investment in infrastructure and transport networks and a continued increase in lifestyle and leisure activity.

Andrew Win

City Development Programme Manager

[email protected]

01224 523060

[email protected]

Aberdeen University

Other Project Stakeholders: Council & Henry Boot Developments

Page 7: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

BUSINESS CASE REGENERATION BENEFITSPROJECT OVERVIEWBroadleys Business Park is one of Stirling’s largest industrial/commercial areas and is situated on the east side of Stirling City centre. The main occupiers are Barbour European, John Martin Group, Advanatage Stirling, Menzies BMW, Clyde Insulation, Hagemeyer and Clark & Rose.

Five sites available with areas ranging from 1.54 acre to 3.21 acre. Plots can be combined to accommodate larger space requirements.

Subject to detailed planning consent plots can accommodate industrial/commercial and business space uses. Discussions are ongoing with various owner occupiers for individual plots.

Need for an increase in industrial space in the area. Stirling has one of the lowest industrial availability rates in Scotland. Limited supply restricts opportunities for businesses to expand or locate within the area. Future economic growth will require around 158,429 sqm of replacement industrial space by 2032. This includes an allowance of 14,403 sq m required to alleviate the low supply of modern industrial premises. This averages out at 6,888 sqm per annum.

Attract new businesses and create jobs

CONTACTContact Name: Carol Beattie

Organisation: Stirling Council

Phone: 01786 233 139

Email: [email protected]

Site Owndership: Stirling Development Agency

Other Project Stakeholders: Stirling Council, VALAD Europe

Project Name: Broadleys Business Park

Site Name: Plots 12-14 & 17-18, Broadleys Business Park

City Region: Stirling

Location Address: Broadleys Business Park, Stirling

Postcode: FK7 7BA

Site Size: 4.94 Hectares

Development Type: Mixed Use

Planning Status: Part Permissions

Completion Date: December 2020

ANY OTHER INFOsee the Masterplan for more information.

Carol Beattie

Stirling Council

Stirling Development Agency

01786 233 139

[email protected]

Stirling Development Agency

Other Project Stakeholders:VALAD Europe

Page 8: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: City Science/ITREZ

Site Name: City Science

City Region: Glasgow

Location Address: George Street, Glasgow

Postcode:

Site Size:

Development Type: Mixed Use

Planning Status: Part Permissions

Investment Sought:

Completion Date: December 2020

The City Science site is home to ITREZ

bringing business and academia together to work collaboratively on the development

phase of the scheme sees two buildings being constructed on the site:

inovo

companies who want to work alongside the University of Strathclyde and be close to key players in the renewables industry. Construction

Technology Innovation Centre (TIC) – Will bring together all the key areas of research strengths

an environment where industry can work

PROJECT OVERVIEW

their supply chain

infrastructure

BUSINESS CASE

The site is located at the transition point between the

central business district west.

ANY OTHER INFO

selected the TIC as its UK headquarters and the Fraunhofer Centre for Applied Photonics.

REGENERATION BENEFITS

Contact Name: Ellen Stevenson

Position:

Organisation: Scottish Enterprise

Phone:

Email:

Site Ownership: Scottish Enterprise

CONTACT

Page 9: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Collegelands

Site Name: Collegelands

City Region: Glasgow

Location Address: High Street, Glasgow

Postcode: G4 0PU

Site Size: 92,902 sqm

Development Type: Mixed Use

Planning Status: Full Permissions

Completion Date: December 2020

PROJECT OVERVIEWCollegelands is one of Scotland’s largest regeneration projects with the total site owned by Glasgow City Council, TDI Corporation, Merchant City Properties and Scottish Enterprise.

Collegelands will create an exciting new mixed use quarter extending the Merchant City on the east side of the city. It presents an ideal opportunity for developers to play a pivotal role in shaping its offering. The award winning Merchant City has an array of fashionable bars, niche retailers, theatres and galleries which complements the development perfectly.

The site is located close to the University of Strathclyde Campus, as well as the new city of Glasgow College campus. Collegelands sits to the south of one of Glasgow’s main hospital complex - the Glasgow Royal Infirmary.

Collegelands offers significant investment opportunities: • Residential• Office space• Up to 53,820sq ft of retail, restaurant and café space• A 180 bedroom hotel with bar and restaurant facilities• Student village with ancillary uses.

BUSINESS CASE

Phase 2 of the development has now commenced with the construction of a second new build student accommodation block on site comprising 257 studio bedrooms (being developed by Legacy Student Living).

ANY OTHER INFO

Phase 1 is now fully operational:• 88,000sq ft office space (occupied by Glasgow

City Council)• 1,170 multi-storey car park (operated by

City Parking)• 588 bed student residency (operated by

Watkins Jones)Phase 2 of the development has now commenced.

REGENERATION BENEFITS

Contact Name: Mark Thomson

Position: Senior Planner

Organisation: Glasgow City Council

Phone: 0141 287 6031

Email: [email protected]

Site Ownership: GCC, TDI Corporation, Mer-chant City Properties and Scottish Enterprise

CONTACT

Page 10: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Dundee Waterfront

Site Name: Dundee Waterfront

City Region: Dundee

Postcode: DD1

Site Size: 1,500,000 sq ft

Development Type: Mixed Use

Planning Status: Part Permissions

Investment Sought: £1bn

Completion Date: 2031

PROJECT OVERVIEWThe city of Dundee is located in a ‘ludicrously ideal’ setting on the banks of the River Tay. It is easily accessed from almost all of Scotland’s major towns and cities - 90% of the population live within a 90 minute drive time of Dundee.

The £1 billion transformation of the award winning Dundee Waterfront, which encompasses 240 hectares of development land stretching 8km along the River Tay, is a strategic, focussed and forward-looking 30 year project (2001-2031) that is propelling the city to international acclaim. The area is divided into five focussed zones: Riverside; Seabraes; The Central Waterfront, City Quay and Dundee Port.

The V&A museum of Design Dundee, is due to be complete 2018. Hotels, businesses and retailers are reaping the rewards of the ongoing city transformation while expectant of significant growth potential as a further 7,000 jobs are created through the Dundee Waterfront project.

Opportunities for developers, investors and a wide range of business ventures exist in what is shaping up to be one of Western Europe’s most extensive and transformative waterfront projects and one of Scotland’s biggest waterfront regeneration.

BUSINESS CASEThe impact of the Waterfront regeneration is being felt across the city and is set to continue to boost tourism and the desire for students, businesses and commuters to locate to Dundee. In 2013, leisure tourism generated £143 million and business tourism £55 million in expenditure, and the net gain of new retail stores was higher in Dundee than in any other Scottish city.

Dundee prides itself on the strong partnerships and good communications that exist between its council, its businesses and its institutions. All of the organisations and stakeholders involved in the Waterfront have a say in decisions, with a strong, informed consensus group working together to make Dundee is a world leading Waterfront destination.

Dundee is a well established leader in academia, and the past 20 years have seen a cultural renaissance in the city. The city’s universities are renowned for life sciences, research, art and design and digital games development, making Dundee a young, educated, cosmopolitan city with the highest student to resident ratio in Scotland. More than 35,000 students live in Dundee.

Dundee Waterfront has been named the “best place” in Scotland in a poll organised by RTPI Scotland and the Scottish Government.

REGENERATION BENEFITSDundee Waterfront has been ranked as the 3rd most active regeneration project (Planning Magazine, April 2013) and is expected to become Scotland’s first sustainable community (BREEAM), which will help developers to meet corporate governance obligations with lower whole life development costs.

ANY OTHER INFOFor more information, see www.dundeewaterfront.com

Contact Name: Allan Watt

Position: Waterfront Director

Organisation: Dundee City Council

Phone: 01382 433 306

Email: [email protected]

Site Ownership: Varied

Other Project Stakeholders: Scottish Enterprise, Dundee City Council, Private landowners

CONTACT

Page 11: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Central Waterfront

Site Name: Dundee Waterfront

City Region: Dundee

Postcode: DD1

Site Size: 5.5 hectares

Development Type: Mixed Use

Planning Status: Part Permissions

Investment Sought: Available by plot

Completion Date: December 2020

PROJECT OVERVIEWThe Central Waterfront is the focal point of the project which has involved the demolition of bridge ramps, roads and buildings, that previously separated the city centre from the waterfront.

In their place, a new grid iron street pattern, green civic space and attractive boulevards will reconnect the city with the waterfront to produce a stunning space that will be dominated by the award-winning V&A Museum of Design Dundee.

The V&A Museum of Design Dundee (due to be complete 2018) will be the only design museum outside of London and expects to attract visitor numbers in excess of 275,000 annually.

The rail station will be rebuilt to provide a modern arrival point with a 120 bed hotel above operated by Sleeperz.

New hotels, commercial, leisure and residential outlets are required to support the expanding city and new development plots will be created.

All of the Central Waterfront land is owned by Dundee City Council which will ensure a one stop approach to assist developer interest.

£500,000 has already been spent on the infrastructure works to enable the creation of the Central Waterfront plots.

BUSINESS CASE

For more information, see www.dundeewaterfront.com

ANY OTHER INFO

Dundee Waterfront has ranked as the 3rd most active regeneration project in the UK (Planning Magazine, April 2013) and is expected to become Scotland’s first sustainable community (BREEAM), which will assist in developers meeting corporate governance obligations with lower whole life expectancy costs.

REGENERATION BENEFITS

Contact Name: Allan Watt

Position: Dundee Waterfront Director

Organisation: Dundee City Council

Phone: 01382 433 306

Email: [email protected]

Site Ownership: Dundee City Council

Other Project Stakeholders: Dundee City Council, Scottish Enterprise,

CONTACT

Page 12: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Seabraes

Site Name: Dundee Waterfront

City Region: Dundee

Location Address: Dundee City Council

Postcode: DD1

Site Size: 4 hectares

Development Type: Mixed Use

Planning Status: Part Permissions

Investment Sought: Available by plot

Completion Date: December 2020

Seabraes, a former railway goods yard provides a space to build on the success of becoming a hub for the digital media and cultural industries, incorporating both commercial and residential space.

The site is within walking distance of the University of Dundee, Duncan of Jordanstone College of Art & Design and University of Abertay Dundee. A new footbridge will connect the site from the academic institutes to the waterfront.

District 10 offers incubator spaces for 16 start-up businesses and it’s anticipated that this model is re-created as well as creating around 140 new residential units.

PROJECT OVERVIEWDundee is renowned for its expertise in digital media and creative industries. More than 350 businesses in the sector, employing more than 3300 people, are currently based in Dundee and the city region generating a combined annual turnover in excess of £185 million.

BUSINESS CASE

For more information, see www.dundeewaterfront.com

ANY OTHER INFO

Dundee Waterfront has ranked as the 3rd most active regeneration project in the UK (Planning Magazine, April 2013) and is expected to become Scotland’s first sustainable community (BREEAM), which will assist in developers meeting corporate governance obligations with lower whole life expectancy costs.

REGENERATION BENEFITS

Contact Name: Allan Watt

Position: Dundee Waterfront Director

Organisation: Dundee City Council

Phone: 01382 433 306

Email: [email protected]

Site Ownership: Scottish Enterprise

Other Project Stakeholders: Scottish Enterprise

CONTACT

Page 13: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW

CONTACTContact Name: Martin Perry

Position: Development Director

Organisation: TH Real Estate

Email: [email protected]

Site Ownership: TH Real Estate

Other Project Stakeholders: City of Edinburgh Council

TH Real Estate’s £850 million Edinburgh St James development is one of the biggest mixed-use regeneration projects currently underway in the UK.

On completion, Edinburgh St James will provide the Scottish capital with up to 850,000 sq ft of prime retail space, fi ve-star hotel accommodation and will deliver up to 250 new private residential apartments. Construction for Edinburgh St James is scheduled to start in 2016 with completion due in 2020.

Edinburgh St James will strengthen Edinburgh’s reputation as a vibrant and leading capital city. When fi nished, the scheme will make up 21 per cent of Edinburgh’s retail off er (the St James centre currently makes up 11 per cent), extend the city centre’s retail pitch and help Edinburgh rise six places in the UK retail rankings to seventh. The development will put Edinburgh on the international ‘map’ as a global retail and leisure destination.

BUSINESS CASEAs a World Heritage site with solid transport links and a tourism trade second only to London, Edinburgh is a unique city with all the fundamentals in place to deliver a large scale regeneration project such as Edinburgh St James. The city is the second largest financial centre in the UK and its tourist industry brings an estimated £260 million each year. Edinburgh St James will capitalise on this and TH Real Estate is working closely with Edinburgh City Council to ensure the development will fit in with and complement the rich fabric and culture of this leading UK city.

REGENERATION BENEFITSThe Edinburgh St James development is projected to create up to 1,000 new full-time equivalent jobs in Edinburgh (net) and increase the city’s annual economic output by over £40 million. The development is also expected to deliver a transformational improvement to the performance of Edinburgh’s retail and tourism sectors and dramatically improve the appearance and accessibility of the East End.

Project Name: Edinburgh St James

Site Name: Edinburgh St James

City Region: Edinburgh

Location Address: 1 Leith Street, Edinburgh

Postcode: EH1 3SS

Site Size: 1.7million sq ft

Development Type: Mixed Use

Planning Status: Full Planning

Development Director

TH Real Estate

[email protected]

City of Edinburgh

TH Real Estate

[email protected]

Site Ownership: TH Real Estate

Other Project Stakeholders: City of Edinburgh

Page 14: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

CONTACT

Project Name: The University of Edinburgh Estates Strategy and Edinburgh BioQuarter

City Region: Edinburgh

Location Address: Various

Site Size: City Centre - multiple sites Kings Building Campus - 43 hectares Edinburgh BioQuarter - 43 hectares

Development Type: Mixed Use incorporating healthcare, education, commercial and leisure

Planning Status: Masterplan frameworks have approved planning status for BioQuarter and City centre sites

Investment Sought: Development finance/Co-investment

Completion Date: 15-30 years

Contact Name: Hugh Edmiston

Position: Director of Corporate Services

Organisation: The University of Edinburgh

Phone: 0131 650 9844

Email: [email protected]

Contact Name: Elaine Ballantyne

Organisation: The City of Edinburgh Council

Position: Head of Investor Support and External Relations

Phone: 0131 469 3854

Email: [email protected]

PROJECT OVERVIEWCity Centre masterplan (£650m)

Through the acquisition and refurbishment of the University of Edinburgh’s (UoE) heritage landscape, a new modern vibrant university quarter will be created across the south side of the city.

Within the university quarter, the UoE will create a new iconic heart with centres of excellence in business, data analytics, governance, humanities and art, commerce, the environment, financial education, research and translation.

Kings Building Campus (£500m)

The Kings Building Campus is currently the home for the College of Science and Engineering.

This is a comprehensive redevelopment and new build programme to meet the growth demands of the campus, creating a hub for major PLC’s and for new enterprise based on the university's top 5 status in the UK for research excellence in all domains of science.

A world class campus is required to support these ambitions and a detailed master-planning exercise has been completed.

Edinburgh BioQuarter

A £900m shared vision between the University (£350m), NHS Lothian, City of Edinburgh Council and Scottish Enterprise.Currently a large teaching hospital, a world famous medical school and a fully occupied incubator hub sit on the BioQuarter site.

This unique concept has brought together scientists from the University and NHS Lothian with commercial research companies to collaborate and accelerate the development of new drugs, diagnostic tools and medical devices to treat diseases. This enterprise has made Edinburgh a leading European destination for translational medical research.

The next phase of development is required to support the objective of world top 10 status for medicine and biomedical science.

Edinburgh BioQuarter

Hugh Edmiston

Director of Corporate Services

The University of Edinburgh

[email protected]

Elaine Ballantyne

The City of Edinburgh Council

Head of Investor Support and

Organisation: The City of Edinburgh Council

Position: Head of Investor Support and External Relations

0131 469 3854

[email protected]

Edinburgh BioQuarter

Page 15: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

ANY OTHER INFO REGENERATION BENEFITS

CONTACT

PROJECT OVERVIEWParabola recently acquired 42 acres/17 hectares of prime development land at the Edinburgh Park Business Park.

A significant proportion of Edinburgh Park has been developed and hosts a variety of high calibre tenants occupying Grade A office space, and complementary uses, in a parkland setting on the edge of the City.

The site boasts excellent communication links including road (with immediate access to the M8 corridor and A720 City Bypass), rail (with a direct link to the Edinburgh - Glasgow line) and now tram (providing convenient access to the City Centre and Edinburgh Airport).

Working with Dixon Jones, Parabola are currently developing a new masterplan based on a mix of uses with a leisure component clustered around a new public square.

The new masterplan seeks to develop a synergy between more recent development at Edinburgh Park and to develop a mixed use office led vision for the future, including refreshed design approach, emphasis on public space and quality of life, which will be an asset to the wider city-region.

Parabola have a sound and demonstrable background in creating innovative and award winning places.

In critically assessing schemes across the Country and beyond, they have delivered space and place through innovation and forward thinking.

Kings Place in London is Parabola’s award winning 500,000 sq ft office and arts development designed with Dixon Jones and completed in 2008.

Kings Place formed the new head offices for The Guardian Newspaper, Network Rail, Wolverine and Esmee Fairburn. It contains a 425 seat concert hall, an art gallery and restaurant space. When the site was fi rst purchased it was in a very urban fringe area and the building has made a major contribution to the spectacular reassessment of Kings Cross as a location in its own right.

Kings Place has won numerous awards for offi ces, the arts content and as a restaurant and conference venue. The public access to the building was revolutionary at the time and has lead to a fundamental rethinking of what office space should offer back to the general public. Space in the building continues to be in great demand by a variety of occupiers.

In light of the successes of schemes such as Kings Place, Edinburgh Park is considered to represent a significant opportunity. With unrivalled communication links and direct access to new and expanding markets, the vision of Parabola is both innovative and exciting.

Parabola’s vision is to create a new mix of uses across the southern phase of Edinburgh Park, and significant new office floorspace. The scheme may include hotel, restaurant, conferencing and exhibition facilities. The proposed development will have significant benefits and provide a unique and unrivalled mixed use destination in the City.

Contact Name: Mark Phelan

Position: Development Director

Organisation: Parabola

Phone: 07545 718 073

Email: [email protected]

Contact Name: Cameron Stott

Position: Director - Offi ce Agency

Organisation: JLL

Phone: 07785 907 096

Email: [email protected]

Site Ownership: Freehold. Parabola EdinburghPark Limited

Project Name: Edinburgh Park

City Region: Edinburgh

Location Address: Land at Edinburgh Park, Lochside Avenue, Edinburgh

Postcode: EH12 9FX

Site Size: 17 hectares

Development Type: Prime Development land

Planning Status: The site benefits from an allocation in the adopted Local Plan and Emerging Local Development Plan. An outline planning permission exists in respect of the delivery of significant office development as part of the so-called Southern Phase of Edinburgh Park

Investment Sought: Occupier

Completion Date: Part pre-lets will be sought with a target of having the first office complete by Summer 2017

Development Director

Parabola

07545 718 073

- Offi ce Agency

Freehold. Parabola Edinburgh

JLL

07785 907 096

[email protected]

Freehold. Parabola EdinburghPark Limited

CONTACTContact Name: Mark Phelan

Development Director

Page 16: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW BUSINESS CASE REGENERATION BENEFITSThe Forthside Master Plan has provision for a civic square, 150 bed hotel and conference facilities for 500 people as well as 130,000 sq ft of offi ce accommodation for which detailed planning consent exists. Stirling rail station is within a two minute walk whilst The Thistles shopping centre and Stirling bus station are both within a fi ve minute walk, accessed via the new rail bridge immediately adjacent to the development.

Stirling’s location at the heart of Scotland makes it a strategic location from which to base your business. Stirling has particularly strong, and growing, fi nancial services and digital technology sectors and a rapidly increasing local demand for high quality offi ce accommodation.

235,846 sqm of additional offi ce space will be required by 20132, consisting of 202, 519 sqm to accommodate new jobs and 33,327 sqm to cover replacement of stock that is no longer fi t for purpose. This averages out at 10,254 sqm of additional offi ce space to de developed per annum. Prime offi ce rents per sqm for Stirling are circa £160 which is very competitive in comparison to Glasgow and Edinburgh.

• Attract new businesses and high valuejobs to the area

• Enhance access to public space throughdevelopment of new public realm areas

CONTACTContact Name: Stuart Oliver

Position: Economic Development Manager

Organisation: Stirling Council

Phone: 01786 233 158

Email: [email protected]

Site Owndership: Stirling Development Agency

Other Project Stakeholders: Stirling Council, VALAD Europe

Project Name: Forthside

City Region: Stirling

Location Address: Stirling

Postcode: FK8 1QZ

Site Size: 1.51 hectares

Development Type: Mixed Use

Planning Status: Part/full/no permissions

Completion Date: December 2020

ANY OTHER INFOSince the Master Plan has been created the residential area, the cinema complex and their related infrastructure has been developed.

Economic Development Manager

Stirling Council

Stirling Development Agency

01786 233 158

[email protected]

Stirling Development Agency

Other Project Stakeholders:VALAD Europe

©Brian Smith

Page 17: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Fountainbridge

Site Name: Fountainbridge

City Region: Edinburgh

Location Address: Fountainbridge/Dundee Street/Union Canal/Viewforth/Freer Street

Postcode: EH11 1AL

Site Size: 63,829 sqm

Development Type: Mixed Use

Planning Status: Part Permissions

Investment Sought: £133m

Completion Date: December 2020

PROJECT OVERVIEWThe EDI Group Ltd were commissioned by CEC to master plan and deliver the development of the Fountainbridge site. The site comprises 3.3 hectares adjacent to the city centre within walking distance of Haymarket Station. The masterplan contains 63,829sqm of mixed use development comprising housing with 400 units, office space, hotel, retail space, cafes/restaurants and an arts venue within a pedestrian priority public realm. A placemaking approach has been taken to create a vibrant new neighbourhood that will bring life and activity to Fountainbridge. A holistic approach to creating an exemplar of sustainable placemaking founded on an infrastructure of district heating with an on site energy centre.

Demand for Private Rented Sector housing in Edinburgh is at an all time high due to shortages in the housing stock. Fountainbridge is located in a prime neighbourhood within the catchment for the best primary and secondary schools in Edinburgh. A new secondary school for 1200 children is being built adjacent to the site due to open in August 2016. The site has already attracted circa £6m of investment in a new arts venue for Edinburgh Printmakers and further discussions are taking place with a second arts venue. Total build costs are anticipated at £133m.

BUSINESS CASE REGENERATION BENEFITSA desk top impact assessment has been carried out by Yellowbook estimating that 1432 FTE jobs will be created and an injection of £26.6m GVA to the local economy.

ANTICIPATED ROIEDI are taking the long term view on ROI but current estimates show a total investment value of £200m.

ANY OTHER INFOConsultation documents are available on the website.The Planning Permission in Principle can be viewed online.

Contact Name: Lynn Smith

Position: Senior Development Manager

Organisation: The EDI Group Ltd

Phone: 0131 524 9442

Email: [email protected]

Site Ownership: EDI

Other Project Stakeholders: City of Edinburgh Council

CONTACT

Page 18: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW REGENERATION BENEFITS

CONTACT

The Haymarket Edinburgh (tHe) is a prime mixed use development in Edinburgh’s central business district, just moments away from Haymarket rail station and tram interchange, one of Edinburgh’s two key stations.

Upon completion in 2017, The Haymarket Edinburgh (tHe) will deliver fi ve distinct buildings comprising: 32,000m2 (net) of offi ce space; 4,000m2 (net) of retail/leisure space; a 190 bedroom hotel; a 168 bedroom apart-hotel; 321 underground parking places; and new public realm.

• tHe 1: 16,041m2 of offi ce space (fl oor-plates ofup to 2,736m2); 1,779m2 of retail space

• tHe 2: 168-key apart-hotel; 133m2 of groundfl oor retail space

• tHe 3: 190-bedroom hotel; 196m2 of groundfl oor retail space

• tHe 4: 6,988m2 of offi ce space (fl oor-plates ofup to 1,671m2); 717m2 of retail space.

• tHe 5: 8,588m2 of offi ce space (fl oor-plates of upto 1,375m2); 900m2 of ground fl oor retail space

Occupiers entering early discussions are able to input into fi nishes and the fi nal specifi cation. The Haymarket Edinburgh (tHe) is targeting Excellent BREEAM Rating and Energy Performance “B” Certificate.

The Haymarket Edinburgh (tHe) will create thousands of new jobs in construction, hospitality, retail, and financial and professional services. It will bring a longstanding gap site in a hugely strategic location back into productive use.

Contact Name: Cameron Stott

Position: Director - Offi ce Agency

Organisation: JLL

Phone: 07785 907 096

Email: [email protected]

Site Ownership: Edinburgh Haymarket Developments

Other Project Stakeholders: Interserve, Tiger Developments

Project Name: The Haymarket Edinburgh

City Region: Edinburgh

Location Address: 189 Morrison Street, Edinburgh

Postcode: EH3 8DN Site Size: 1.7 hectares

Development Type: Mixed Use

Planning Status: Full Permissions

Investment Sought: Occupier

Completion Date: from 2017

07785 907 096

[email protected]

Edinburgh Haymarket

[email protected]

Site Ownership: Edinburgh Haymarket Developments

Other Project Stakeholders: Tiger Developments

Page 19: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Ingram Street

Site Name: Ingram Street (Car Park)

City Region: Glasgow

Location Address: 69-97 Ingram Street, Glasgow

Postcode: G1 1DX

Site Size: 0.25 hectares

Development Type: Mixed Use

Planning Status: Full Permissions

Investment Sought: £50m+

Completion Date: December 2016

With extensive frontage onto Ingram Street, the site is currently utilised as a surface level car park but offers a good opportunity for mixed use development. The surrounding land is predominantly retail and leisure and includes ‘Merchant Square’ - a large mixed retail/leisure development incorporating a variety of restaurants and bars. Both the old fruitmarket and city halls are situated within the immediate urban block and are utilised as music/theatre performance venues. The site currently holds planning consent for a 200 bed hotel. Acceptable uses include hotel, cultural, leisure and residential.

PROJECT OVERVIEWIngram Street offers significant investment opportunities:• Located within the Merchant City area a vibrant area, popular with

bars, restaurants, hotels and cultural venues as well as a strongresidential area.

• The site is bound by Albion Street to the east and Candleriggs tothe west. Both these locations are currently subject to exciting newdevelopment plans.

• The property forms a ‘gap site’ within an urban block consisting of avariety of uses.

BUSINESS CASE

This opportunity gives scope for a mixed use scheme which will include an active ground floor use. Acceptable uses include hotel, cultural, leisure and residential.

ANY OTHER INFO

The site lies within the Central Outstanding Conservation Area and adjacent to a number of listed properties especially to the Ingram Street/Candleriggs corner as it will provide an important end to a vista. This will not, however, preclude a modern & innovative approach to development design.

REGENERATION BENEFITS

Contact Name: Andrew Kubski

Position: Development Sevices Manager

Organisation: City Property Glasgow

Phone: 0141 287 6159

Email: [email protected]

Site Ownership: City Property Glasgow

CONTACT

©Allan Murray Architects Ltd 2013

Page 20: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW BUSINESS CASE REGENERATION BENEFITSInverness Airport Business Park (IABP) is a planning approved and master planned commercial development of 620-acres with 36-acres of serviced land currently available for occupation. Four key development zones have been identifi ed: Phase 1 Development, Hotel Development, Airside Development and Railside Development.

We have designs for a technologically advanced 21st century sustainable business environment to complement the stunning location. The design refl ects the stakeholders’ commitment to promoting Inverness Airport Business Park to enhance the long term social, economic and environmental sustainability of the area, as well as providing a vibrant commercial hub that will build on the established and continued success of Inverness.

Inverness is the UK’s most northern city and established ‘capital’ of the Highlands. As one of Europe’s fastest growing cities, Inverness holds a key central location and provides the main gatewayto a Highland Region. Inverness Airport Business Park is strategically positioned to the East of InvernessCity and provides occupiers with excellent transport links and connectivity by air, road and rail. Inverness Airport Business Park is 9 miles from Inverness City Centre and is located beside the region’s main hub airport and alongside its key trunk routes, the nearby A9 and adjacent A96 corridor to Aberdeen.

Whether you are looking to enter a design & build lease agreement, or purchase land on a long leasehold, Inverness Airport Business Park offers a range of options to meet individual business requirements. Our Phase 1 Development Partner Roxhill, can provide organisations with comprehensive bespoke property development solutions in accordance with the site master plan and design code.

Tier 1 Regional Selective Assistance (RSA) is the main investment grant scheme for businesses and assists projects that create or safeguard jobs in Scotland. RSA is a discretionary grant scheme and in the case of Inverness Airport Business Park, would be managed by our partners at Highland & Islands Enterprise (HIE).

It is forecasted that, by 2028, the IABP development will be generating just over 2,000 jobs in Inverness that would not accrue without alternative developments. This amounts to an increase of local output of some £178 million per annum. By 2028, it is forecast that around one third of the total proposed IABP space will have been developed.

CONTACTContact Name: Rory Black

Position: Business Development Manager

Organisation: Inverness Airport Business Park

Phone: 07710 453 675

Email: [email protected]

Site Ownership: Joint venture between Moray Estates Development Company (MEDCO), Highlands & Islands Airports Ltd (HIAL) and Highlands & Islands Enterprise (HIE)

Other Project Stakeholders: The Highland Council (THC)

Project Name: Inverness Airport Business Park

City Region: Inverness

Location Address: Inverness Airport Business Park

Postcode: IV2 7JB

Site Size: 250 hectares. Phase 1 provides 36 acres of serviced land

Development Type: Mixed Use/Commercial

Planning Status: Part Permissions & Use Classes 4, 5 & 6

Investment Sought: Occupiers for Phase 1 Development, Airside Development & Railside Development Zones. Hotel Developers & Operators for Plot 1 (3 acres)

Completion Date: Ongoing

ANY OTHER INFOInverness Airport Rail Halt is scheduled to open in summer 2016 and will be situated on the main Inverness-Aberdeen trainline. The Rail Halt will initially have 150 parking spaces for rail passengers and a free shuttle-bus service will be in operation to transport passengers to and from the Airport Terminal and Business Park. There are currently 11 services a day between Inverness and Aberdeen.

Tornagrain New Town Development is situated 1 mile south of Inverness Airport Business Park. This new mixed-use residential development aims to provide 4,960 new housing units with associated facilities, amenities and services. The land owner Moray Estates have received planning permission and site infrastructure work will commence for the first 190 homes in 2015.

Inverness Airport handled over 658,000 passengers in 2014 and delivers daily flights to a number of key UK destinations including London Gatwick, London Luton, Amsterdam, Belfast City, Dublin, Birmingham, Bristol, Manchester, Stornoway, Kirkwall and Sumburgh. This network also offers seamless international connections to New York with KLM, Toronto with Aer Lingus and Dubai with Emirates. For more information on Inverness Airport Business Park please visit www.iabp.co.uk

Rory Black

Business Development Manager

Inverness Airport Business Park

07710 453 675

[email protected]

Joint venture between Moray Estates Development Company (MEDCO), Highlands & Islands Airports Ltd (HIAL)

Site Ownership: Joint venture between Moray Estates Development Company (MEDCO), Highlands & Islands Airports Ltd (HIAL)and Highlands & Islands Enterprise (HIE)

Other Project Stakeholders: Council (THC)

Page 21: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

REGENERATION BENEFITSPROJECT OVERVIEWInverness Campus is a large, high quality site providing an exceptional environment for business, research and learning organisations. 6 of the 17 fully serviced plots off er Enterprise Area status for Life Science companies.

Key to the success of the site is the opportunity for organisations in the knowledge economy to co-locate and collaborate with like-minded businesses and academia.

An ambitious project and important driver of the future economy of the Highlands and Islands, Inverness Campus is expected to support up to 1300 jobs over the next fi ve years and create a further 940 in the wider region.

CONTACTContact Name: Ruaraidh MacNeil

Position: Project Director

Organisation: Inverness Campus, Highlands and Islands Enterprise

Email: [email protected]

Site Ownership: Highlands & Islands Enterprise (HIE)

Other Project Stakeholders: Inverness Campus partnership Forum consists of 12 strategic partners including Scottish Government, HIE, University of the Highlands and Islands, Highland Council and NHS Highland

Project Name: Inverness Campus

City Region: Inverness

Location Address: Inverness Airport Business Park

Postcode: IV2 5NB

Site Size: 87 hectares full site. Phase 1 - 36 hectares

Development Type: Mixed Use

Planning Status: Outline for phase 1

Investment Sought: Businesses/research organisations wishing to buy one of 17 fully serviced plots and develop own building; organisations interested in leasing land or property

Completion Date: Phase 1 infrastructure complete May 2015

Ruaraidh MacNeil

Project Director

Inverness Campus, Highlands

[email protected]

Highlands & Islands

Inverness Campus Inverness Campus

partners including Scottish Government, HIE,

Enterprise (HIE)

Other Project Stakeholders: partnership Forum consists of 12 strategic partners including Scottish Government, HIE, University of the Highlands and Islands, Highland Council and NHS Highland

Page 22: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

BUSINESS CASE REGENERATION BENEFITSPROJECT OVERVIEWMill Quarter is a new £30 million mixed use development to be built by Expresso Property on the site of the Thimblerow car park, in Perth’s city centre.

This signifi cant project will establish a mix of restaurants and bars, speciality shops, a cinema, gyms, housing, and a multi storey car park.

It forms a cornerstone of the City’s wider plans to establish a new cultural quarter in the city centre.

The Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m.

A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products.

An undersupply of high quality accommodation in the city has been identifi ed and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

• Increase visitor numbers and tourism revenue• Create employment• Increase city centre living and boost economy

CONTACTContact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Project Name: Mill Quarter

City Region: Perth City

Location Address: Old High Street, Perth

Postcode: PH1 5QP

Site Size: 1.9 acres

Development Type: Mixed Use

Planning Status: Part

Investment Sought: Investors/Occupiers

Completion Date: To be confirmed

ANY OTHER INFOhttp://www.investinperth.co.uk/invest/development-opportunities/92-mill-quarter-development

Kirsty Easton

Inward Investment and Marketing Inward Investment and Marketing

Organisation: Perth and Kinross Council

01738 475 364

Email: [email protected]

Page 23: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Murray Royal

City Region: Perth

Location Address: Muirhall Road, Perth

Postcode: PH2 7BH

Site Size: 7.69 hectares

Development Type: Hotel/Leisure/Residential

Planning Status: Zoned for residential & compatible uses in Local Development Plan

Investment Sought: £POA

A former healthcare facility, this Grade B listed building enjoys an elevated position in a parkland setting overlooking the River Tay, and only a three minute drive from Perth city centre.

Built in 1827, the property has potential as a full service, upper mid-scale hotel with broad scope for between 60 and 200 rooms. There is ample car parking on site which, together with the option to develop existing outbuildings within the grounds, would allow for business from the weddings, conference and leisure markets to be maximised.

• easily accessible parkland setting• mixed use development potential• existing Grade B listed building dates back

to 1827• brownfield site within the city boundary suitable

for a variety of uses including a hotel• opportunity for existing outbuildings within

the grounds.

PROJECT OVERVIEWThe Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m. A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products. An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: NHS Tayside

• Increase visitors numbers and leisuretourism revenue

• Enhance business tourism numbers andrevenue

REGENERATION BENEFITS

Page 24: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW REGENERATION BENEFITSArtisan Real Estate Investors is making signifi cant progress with its £150 million development at New Waverley, transforming one of Edinburgh’s most critical gap sites at the heart of the Old Town.

The seven and a half acre New Waverley site occupies a strategic city-centre location between Waverley Station and the Royal Mile, transforming the area into a vibrant pedestrian-friendly urban centre mixing open public spaces with retailers, restaurants, hotels and leisure off erings, as well as new homes and offi ces.

Currently, three major hotel contracts, providing 394 new hotel rooms, are under construction. Work on the site is now extending to a 146-apartment Adagio Aparthotel which will face directly on to the Royal Mile behind a retained façade of the C-listed Sailors Ark building, to be completed in November 2016.

This milestone development phase also includes the start of works for the new £6.5 million public square linked to the Aparthotel, surrounded by 16,500 sq. metres of high-quality grade A offi ce space and 28 new retail businesses including shops, restaurants and cafes.

A row of historic Victorian arches is also currently being transformed into a new arts, retail and leisure quarter packed with independent traders, restaurants and bars, with a completion date set for November 2015.

Construction work on the initial development phase of two Whitbread hotels began in November 2014, with a completion date set for Autumn-2016.

ANY OTHER INFONew Waverley’s potential is now being delivered - a broad sweep of a historic part of the citylinking Edinburgh’s Waverley Station with theRoyal Mile. It will become a vibrant urban centremixing public spaces with high quality homesand offices - as well as restaurants, shops andhotels linking directly to one of the most iconicstreets anywhere in the world.

Latest research shows that New Waverley is helping influence a major shift in Edinburgh’s office market towards the eastern side of the city. Office capacity in the ‘Eastern Quadrant’ now has potential for nearly 20,000 staff, with big players like RBS, Standard Life Investments and Baillie Gifford all occupying significant space there. These companies are all taking advantage of the buoyant city-centre lifestyle and excellent transport links provided by Waverley Station which now enjoys a footfall of more than twenty six million passengers per year.

Together with the City of Edinburgh Council headquarters and the Scottish Parliament, the Waverley Valley area is fast becoming one of the most important administrative areas anywhere in Scotland.

New Waverley is transforming one of Edinburgh’s most signifi cant gap sites of the last 50 years, breathing new life back into the Old Town and reintegrating it with the rest of the city. As well as development benefi ts, the transformation will also open up signifi cant community investment funding which will benefi t the wider area.

CONTACTContact Name: Clive Wilding

Position: Director

Phone: 0203 751 1203

Email: [email protected]

Site Ownership: Artisan Real Estate Investors

Other Project Stakeholders: Artisan is a shareholding partnership between the Sanlam Group, a major South African fi nancial services fi rm (through its business unit Sanlam International Investment Partners), the Argosy and Attventure Groups and Salt Properties Limited in the Isle of Man. The organisation was founded in 2008 in the Isle of Man and has fast grown to become a niche provider of property investment advisory services. Funding is provided by MAS REI.

Project Name: New Waverley

City Region: Edinburgh

Postcode: EH8

Site Size: 7.5 acres

Development Type: Mixed Use

Planning Status: Full

Investment Sought: Office Occupiers, Car Park Operators,

Buyer/Investor/Partner for Office/Retail and Car Park

Completion Date: 2018

Clive Wilding

0203 751 1203

Artisan Real Estate Investors

Other Project Stakeholders: Artisan is a shareholding partnership between the Sanlam Group, a major South African fi nancial services firm (through its business unit Sanlam International Investment Partners), the Argosy and Attventure Groups and Salt Properties Limited in the Isle of Groups and Salt Properties Limited in the Isle of Man. The organisation was founded in 2008 in the Isle of Man and has fast grown to become a niche

firm (through its business unit Sanlam International Investment Partners), the Argosy and Attventure Groups and Salt Properties Limited in the Isle of Man. The organisation was founded in 2008 in the Isle of Man and has fast grown to become a niche provider of property investment advisory services. Funding is provided by MAS REI.

CONTACTContact Name: Clive Wilding

Page 25: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: PH20

City Region: Perth

Location Address: Perth Leisure Park, Glover Street, Perth,

Postcode: PH2 0HZ

Site Size: 0.98 hectares

Development Type: Hotel/Leisure/Residential

Planning Status: Part Permissions

Investment Sought: £POA

Completetion Date: 2018

PROJECT OVERVIEWMajor redevelopment of existing leisure provision on the site of the current Perth Leisure Pool and Dewar’s Ice Rink.

The redevelopment of the site will propel Perth to the forefront of the country’s sport and leisure opportunities through building a world class leisure facility in the city. The project will further build on the city region’s excellent quality of life offering.

As part of the project 0.98 hectares of commercial development land will be created offering a superb opportunity for a hotel to be located beside this world class leisure facility.

The Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m.

A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products.

An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE• Increase visitors numbers and tourism

revenue• Enhance business tourism numbers and

revenue

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Live active Leisure

Broxden Business Park, PH2 0PL

Page 26: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Quartermile

City Region: Edinburgh

Location Address: 1 Lauriston Place, Edinburgh,

Postcode: EH3 9AU

Site Size: 19 acres

Development Type: Mixed Use

Planning Status: Full

Investment Sought: Office Occupiers

Completion Date: Full Development - 2018, Grade A Office – Q2 2016

PROJECT OVERVIEWQuartermile is Scotland’s prestigious leading mixed-use development located on the site of the former Edinburgh Royal Infirmary. Masterplanned by world renowned architects Foster + Partners, Quartermile blends historical conversion properties with striking new build apartments.

Neighbouring the University of Edinburgh, Quartermile’s prime city centre location offers a vibrant range of shops, cafés, restaurants and bars. The development is just minutes away from the famous Princes Street with Waverley and Haymarket train stations also close by.

When complete Quartermile’s 19 acres will boast over 1000 luxury apartments, in excess of 350,000 square feet of Grade A office space, 65,000 square feet of retail and leisure space and 7 acres of lush, green space.

REGENERATION BENEFITSThe development has provided much needed Grade A office space which in turn has attracted many new influencers in the technology industry such as Skyscanner and Fanduel. These companies have invested not only in office space but also the young talent pool which Edinburgh has to offer.

Quartermile’s deal with M&G Real Estate to speculatively build two office buildings brought a further £80m to Edinburgh’s economy.

Quartermile has invested significant sums into the restoration of eight listed buildings using local tradesmen and labour.

Through two successful international property exhibitions, Quartermile has attracted over £20m investment from Far East purchasers with further sales from this region following.

Contact Name: Paul Curran

Position: Managing Director

Organisation: Quartermile Ventures Ltd

Phone: 0131 221 2700

Email: [email protected]

Site Ownership: Quartermile Ventures Ltd

CONTACT

Page 27: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

REGENERATION BENEFITSPROJECT OVERVIEWPentland Studios Ltd. is a special purpose vehicle established to deliver a fi lm studio complex on the pentland estate, a greenfi eld site lying to the south of the Edinburgh city bypass.

The fi lm studio complex will deliver soundstages, workshops, production facilities and backlots capable of meeting the needs of major international productions and small independent productions, along with musical and theatrical performances. The complex will also include a 180 bedroom hotel,a satellite university and college campus, a data centre and an employment zone providing commercial units. The complex will be serviced by a dedicated combined heat and power plant.

Pentland Studios Ltd has acquired a conditional missive over the land in question and is in the progress of securing planning consent. The first buildings achieving practical completion in the first quarter of 2017.

The total project is projected to cost between £110 and £120 million.

Expressions of interest are invited from investors interested in forward funding all or part of the development, along with hotel operators interested in a lease or development agreement.

ANY OTHER INFOThe project will address the strong unmet demand for a purpose built fi lm studio complex in Scotland (as identifi ed in the “Production Space for Film and TV Options Appraisal” report prepared by EKOS). Scotland is already a highly popular fi lming location (World War Z, Under the Skin, Outlander, etc) and a fi lm studio complex will enable many more productions to be captured.

Pentland Studios Ltd has been established to design and deliver the studio complex. The studio will be operated under a management agreement. There exists an opportunity for a property investor to forward fund all or part of the development.

Pentland Studios Ltd has assembled a team with the requisite skills and experience to deliver and operate a world-class fi lm studio complex. The team includes Jim O’Donnell (development manager for the Warner Bros Leavesden Film Studio and Harry Potter Experience Tour) and Jeremy Pelzer (the former managing director of Elstree Studios). The multi-disciplinary design practice Keppie Design has been appointed to master-plan the studio complex. The team is working closely with partners including Midlothian Coucil, the City of Edinburgh Council and the Scottish Government.

The development has the potential to deliver around 600 permanent jobs.

CONTACTContact Name: Jim O’Donnell

Position: Director

Organisation: Pentland studios ltd

Phone: +44 (0)1764 685 326

Email: [email protected]

Site Ownership: Pentland studios ltd holds a missive on the land

Other Project Stakeholders: Midlothian council, City of Edinburgh Council

ANTICIPATED ROIPentland Studios Ltd projects a minimum return on investment for investors of 18%, with a yield of 9%.

ANY OTHER INFOAdditional land is available adjacent tothe project site that may be suitable for complementary leisure developments.

Project Name: Scottish TV & Film Studio Complex

Site Name: Pentland Estate

City Region: Edinburgh

Location Address: Pentland Estate (open land west of Loanhead)

Postcode: EH20 9NU

Site Size: 43 hectares

Development Type: Mixed Use

Planning Status: No Permissions

Investment Sought: £120m

Completion Date: March 2017

Pentland studios ltd

+44 (0)1764 685 326

[email protected]

Pentland studios ltd holds a Pentland studios ltd holds a

+44 (0)1764 685 326

[email protected]

Site Ownership: Pentland studios ltd holds a missive on the land

Other Project Stakeholders:Other Project Stakeholders:council, City of Edinburgh Council

Page 28: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW REGENERATION BENEFITSThis city centre mixed use development scheme is situated directly opposite Stirling railway station. First phase has commenced providing 53 aff ordable fl ats and 3 retail units.

BUSINESS CASEStirling has a strategic requirement for a large and high profi le 4 star/4 star+ hotel operated by a national or international chain. Currently, there are only 13 hotels in the Stirling urban area. The Collessio and the Stirling Highland Hotel are the only 4 star hotels in the city and off er just 136 bed spaces between them. There is signifi cant market opportunity for a hotel of this type for both the leisure and business tourism markets.

Currently Stirling’s hotels have an average occupancy of 75%, with particularly strong performance over the summer months, and £132m was spent on serviced accommodation in the area in 2014.

Four years ago a commission was undertaken to assess the future accommodation demand potential and future market needs of the Stirling Council area. The study was comprehensive and the results were that, based on the Low Scenario for the overall Stirling Council area, there was a theoretical requirement for an increase in hotel bedrooms of 347 rooms (a 16% increase in stock) by 2020 and in the High Scenario 748 rooms, a 35% increase in stock by 2020. Nearly 40% of the new stock was estimated to be required in the Stirling City sub-area.

Since that time several new hotels of varying rating standard have been established in the Stirling Council area with an estimated overall room total of 200. However, during this time the number of visitors to the area has also risen signifi cantly.

• Increase leisure and business tourism revenueand visitor numbers

• Attract new businesses and create jobs• Enhance access to public space through

development of new public realm areas

CONTACTContact Name: Stuart Oliver

Position: Economic Development Manager

Organisation: Stirling Council

Phone: 01786 233 158

Email: [email protected]

Site Owndership: Stirling Development Agency

Other Project Stakeholders: Stirling Council, VALAD Europe

Project Name: Station Gateway

City Region: Stirling

Location Address: Stirling Road/Goosecroft Road, Stirling

Postcode: FK8 1PF

Site Size: 0.36 hectares

Development Type: Mixed Use

Planning Status: Part

Completion Date: December 2020

ANY OTHER INFOSince the Masterplan has been created the residential area, the cinema complex and their related infrastructure has been developed.

Economic Development Manager

Stirling Council

Stirling Development Agency

01786 233 158

[email protected]

Stirling Development Agency

Other Project Stakeholders:VALAD Europe

©Brian Smith

Page 29: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

HOTEL AND LEISURE

Page 30: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Broxden

Site Name: Broxden

City Region: Perth

Location Address: Broxden Business Park

Postcode: PH2 0PL

Site Size: 4.5 hectares

Development Type: Hotel/Leisure/Office

Planning Status: Site has outline planning permission

Investment Sought: £POA

The development site at Broxden Business Park comprises 4.5 heactares of consented class 4 commercial land. It has an exceptional location, adjacent to the main junction of the A9, M9 and M90 motorway network, and six minutes by car from Perth city centre. Ideally suited to a branded, limited service, mid-scale hotel, the site could readily accommodate between 60 and 120 bedrooms. Plot 3, which extends to 0.677 hectares/1.673 acres is the preferred location for a hotel development at Broxden Business Park as it benefits from excellent visibility from the roundabout and main trunk roads. The remainder of the site, which extends to 35 acres, will comprise mixed commercial and residential use.

• unique location adjacent to the main junctionof the A9, M9 and M90, with great visibility

• plot is located within an established businesspark - current occupiers include ScottishGovernment Department of Environment &Rural Affairs, Lloyds Banking Group, GillespieMacandrew, Balhousie Care Group, ScotlandTranserv & NHS Tayside’s Integrated DentalTreatment and Training Centre

• brownfield site within the city boundary suitablefor a variety of uses including a hotel, close tothe city Park & Ride facility and a large residentialarea, with a further 220 homes in planning.

PROJECT OVERVIEWThe Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m. A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products. An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE• Increase visitors numbers and tourism

revenue• Enhance business tourism revenue• Create new jobs

REGENERATION BENEFITS

CONTACTContact Name: Kirsty Easton

Position: Inward Investment and MarketingOfficer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Private

Broxden Business Park, PH2 0PL

Page 31: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Central Waterfront

Site Name: Dundee Waterfront

City Region: Dundee

Postcode: DD1

Site Size: 89,512 sqm

Development Type: Hotel

Planning Status: Part Permissions

Investment Sought: Available by plot

Completion Date: December 2020

PROJECT OVERVIEWThe Central Waterfront is the focal point of the project which has involved the demolition of bridge ramps, roads and buildings, which previously separated the city centre from the waterfront.

In their place, a new grid iron street pattern, green civic space and attractive boulevards will reconnect the city with the waterfront to produce a stunning space that will be dominated by the award-winning V&A Museum of Design Dundee.

The V&A Museum of Design Dundee (due to be complete 2018) will be the only design museum outside of London and expected to attract visitor numbers in excess of 275,000 annually.

The rail station will be rebuilt to provide a modern arrival point with a 120 bed hotel above operated by Sleeperz.

New hotels, commercial, leisure and residential outlets are required to support the expanding city and new development plots will be created.

All of the Central Waterfront land is owned by Dundee City Council which will ensure a one stop approach to assist developer interest.

£500,000 has already been spent on the infrastructure works to enable the creation of the Central Waterfront plots.

BUSINESS CASE

For more information, see www.dundeewaterfront.com

ANY OTHER INFO

Dundee Waterfront has ranked as the 3rd most active regeneration project in the UK (Planning Magazine, April 2013) and is expected to become Scotland’s first sustainable community (BREEAM), which will assist in developers meeting corporate governance obligations with lower whole life expectancy costs.

REGENERATION BENEFITS

Contact Name: Allan Watt

Position: Dundee Waterfront Director

Organisation: Dundee City Council

Phone: 01382 433 306

Email: [email protected]

Site Ownership: Dundee City Council

Other Project Stakeholders: Dundee City Council, Scottish Enterprise,

CONTACT

Page 32: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW BUSINESS CASE REGENERATION BENEFITSThe Forthside Master Plan has provision for a civic square, 150 bed hotel and conference facilities for 500 people as well as 130,000 sq ft of offi ce accommodation for which detailed planning consent exists. Stirling rail station is within a two minute walk whilst The Thistles shopping centre and Stirling bus station are both within a fi ve minute walk, accessed via the new rail bridge immediately adjacent to the development.

Stirling has a strategic requirement for a large and high profi le 4 star/4 star+ hotel operated by a national or international chain. Currently, there are only 13 hotels in the Stirling urban area. The Collessio and the Stirling Highland Hotel are the only 4 star hotels in the city and off er just 136 bed spaces between them. There is signifi cant market opportunity for a hotel of this type for both the leisure and business tourism markets.

Currently Stirling’s hotels have an average occupancy of 75%, with particularly strong performance over the summer months, and in £132m was spent on serviced accommodation in the area in 2014.

Four years ago a commission was undertaken to assess the future accommodation demand potential and future market needs of the Stirling Council area. The study was comprehensive and the results were that, based on the Low Scenario for the overall Stirling Council area, there was a theoretical requirement for an increase in hotel bedrooms of 347 rooms (a 16% increase in stock) by 2020 and in the High Scenario 748 rooms, a 35% increase in stock by 2020. Nearly 40% of the new stock was estimated to be required in the Stirling City sub-area.

Since that time several new hotels of varying rating standard have been established in the Stirling Council area with an estimated overall room total of 200. However, during this time the number of visitors to the area has also risen signifi cantly.

• Increase leisure and business tourismrevenue and visitor numbers

• Attract new businesses and create jobs• Enhance access to public space through

development of new public realm areas

CONTACTContact Name: Stuart Oliver

Position: Economic Development Manager

Organisation: Stirling Council

Phone: 01786 233 158

Email: [email protected]

Site Owndership: Stirling Development Agency

Other Project Stakeholders: Stirling Council, VALAD Europe

Project Name: Forthside

City Region: Stirling

Location Address: Stirling

Postcode: FK8 1QZ

Site Size: 1.51 hectares

Development Type: Mixed Use

Planning Status: Part/full/no permissions

Completion Date: December 2020

ANY OTHER INFOSince the Master Plan has been created the residential area, the cinema complex and their related infrastructure has been developed.

Economic Development Manager

Stirling Council

Stirling Development Agency

01786 233 158

[email protected]

Stirling Development Agency

Other Project Stakeholders:VALAD Europe

©Brian Smith

Page 33: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

BUSINESS CASE REGENERATION BENEFITSPROJECT OVERVIEWMeadowbank does not meet customer expectations of 21st century sporting facilities nor the requirements specifi ed by Scottish Governing Bodies of Sport for lighting levels, run-off s for courts (to prevent injury) and ceiling heights. In 2008, Edinburgh Council agreed to commission an appraisal for a new build facility at Meadowbank.

The design team has defi ned the core sport facility mix for a new Meadowbank as follows:• An outdoor athletics track with seating for 500• A 3G synthetic or grass sports pitch in the centre ofthe athletics track• An additional outdoor 3G synthetic sports pitch• An indoor 60m 6 lane athletics track with jumps area• outdoor throws area• An eight badminton court sports hall with 500permanent seats plus bleachers• A four badminton court sports hall with 500permanent seating• Gymnastics hall and gym• Studios, cafe & meeting rooms, changing facilities.

The current feasibility study has concluded to replace Meadowbank – a total estimated cost of £42m – the funding package would comprisecapital receipt from sale of surplus land on site; revenue savings fromclosure during construction; prudential borrowing funded from forecastimprovement in net income and a sportscotland grant. Utilising thesesources, the projected funding shortfall is £6.8 million. The Council’sadvisers have identifi ed a funding shortfall of between £11.3m and£19.8m, using a range of diff ering estimates for land value receipts andthe external grant.

The redevelopment of the sports centre will release development land of approximately 12 acres. It is envisaged that this land can be developed for residential and student accommodation.

The business case for the new Meadowbank demonstrates that after the fi rst year of its operation, the new facility is projected to generate a surplus in each of the following nine years. This business case, which was produced by The Sports Consultancy and reviewed by Edinburgh Leisure, will be regularly reviewed and updated if the project progresses.

The new facility would make a positive impact on the health, well-being and quality of life of those who use it. The facility is currently projected to attract over 600,000 visits per year by the second year of its operation. The current Meadowbank has just over 500,000 visits per year. The surplus land will provide residential and commercial development opportunities.

CONTACTContact Name: Stephanie-Anne Harris

Position: Strategic Development Manager

Organisation: City of Edinburgh Council - Culture and Sport

Phone: 0131 529 7911

Email: [email protected]

Contact Name: Graeme McGartland

Position: Acting Principal Project Manager

Organisation: City of Edinburgh Council - Estates Services

Phone: 0131 529 5956

Email: [email protected]

Project Name: New Meadowbank Sports Centre

City Region: Edinburgh

Location Address: London Road, Edinburgh

Site Size: Development land available (excluding land for new Sports centre) approx 12 acres

Development Type: Leisure/Residential/Commercial

Planning Status: No permissions

Investment Sought: The Council is seeking solutions to bridge the projected funding shortfall of £6.8m

Completion Date: Spring 2018

Stephanie-Anne Harris

Strategic Development Manager

City of Edinburgh Council

[email protected]

Graeme McGartland

Acting Principal Project Manager

City of Edinburgh Council

Acting Principal Project Manager

Organisation: City of Edinburgh Council- Estates Services

0131 529 5956

Email: [email protected]

CONTACT

Page 34: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Murray Royal

City Region: Perth

Location Address: Muirhall Road, Perth

Postcode: PH2 7BH

Site Size: 7.69 hectares

Development Type: Hotel/Leisure/Residential

Planning Status: Zoned for residential & compatible uses in Local Development Plan

Investment Sought: £POA

A former healthcare facility, this Grade B listed building enjoys an elevated position in a parkland setting overlooking the River Tay, and only a three minute drive from Perth city centre.

Built in 1827, the property has potential as a full service, upper mid-scale hotel with broad scope for between 60 and 200 rooms. There is ample car parking on site which, together with the option to develop existing outbuildings within the grounds, would allow for business from the weddings, conference and leisure markets to be maximised.

• easily accessible parkland setting• mixed use development potential• existing Grade B listed building dates back

to 1827• brownfield site within the city boundary suitable

for a variety of uses including a hotel• opportunity for existing outbuildings within

the grounds.

PROJECT OVERVIEWThe Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m.

A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products.

An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: NHS Tayside

• Increase visitors numbers and leisuretourism revenue

• Enhance business tourism numbers andrevenue

REGENERATION BENEFITS

Page 35: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: PH20

City Region: Perth

Location Address: Perth Leisure Park, Glover Street, Perth,

Postcode: PH2 0HZ

Site Size: 0.98 hectares

Development Type: Hotel/Leisure/Residential

Planning Status: Part Permissions

Investment Sought: £POA

Completetion Date: 2018

PROJECT OVERVIEWMajor redevelopment of existing leisure provision on the site of the current Perth Leisure Pool and Dewar’s Ice Rink.

The redevelopment of the site will propel Perth to the forefront of the country’s sport and leisure opportunities through building a world class leisure facility in the city. The project will further build on the city region’s excellent quality of life offering.

As part of the project 0.98 hectares of commercial development land will be created offering a superb opportunity for a hotel to be located beside this world class leisure facility.

The Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m.

A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products.

An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE• Increase visitors numbers and tourism

revenue• Enhance business tourism numbers and

revenue

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Live active Leisure

Broxden Business Park, PH2 0PL

Page 36: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

INDUSTRIAL

Page 37: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Auld Bond Road, Inveralmond South Business Park

City Region: Perth

Location Address: Inveralmond South Business Park

Postcode: PH1 3FX

Site Size: 1.86 hectares

Development Type: Industrial

Planning Status: Zoned within the Local Development Plan for Employment Uses, Class 4 or uses compatible with the adjacent residential properties

Investment Sought: £POA

Extending to approximately 4.6 acres (1.86 ha), the site at Inveralmond South Business Park is accessed off Auld Bond Road, the main thoroughfare running through the Inveralmond South Business Park. The site lies on a main bus route linking the business park to the town centre and offers easy access to the Inveralmond Roundabout, the A9 and the city centre. The A9 bypass is situated directly to the north-west of the site, with the recent Bellway residential scheme at Inveralmond located to the south-east of the site providing a significant amount of local workforce. A range of services are located nearby the site which include ʻThe Maltingsʼ family bar and restaurant and an ʻExpress by Holiday Innʼ. It is the Councilʼs objective that the site be acquired for the provision of high quality business space units which generate the maximum amount of employment opportunity, and any proposals will be assessed having regard to those principles.

PROJECT OVERVIEWInveralmond South Business Park benefits from access to a large local workforce, and excellent transport connections being located in close proximity to the A9, M90 and A90 which form the dominant road arteries of Scotlandʼs national road network. Perth is situated 25 miles west of Dundee, 40 miles to the north of Edinburgh and 60 miles north-east of Glasgow. Due to this central location within Scotland, almost half of Scotlandʼs population can be accessed within approximately a 60 minute drive time. Regular scheduled flights to London City are available from Dundee Airport (30 mins), and flights to a wider range of national and internal destinations from Edinburgh and Glasgow Airports.

Inveralmond South Business Park already benefits from local and national businesses including the Scottish & Southern Energy Group, Woods of Perth and Thermo Fisher Scientific. It is Perth and Kinross Councilʼs aspiration for the site to be acquired for a use which further generates local employment. Other businesses situated within the Perth area include Aviva, Stagecoach, The Edrington Group and Highland Spring.

BUSINESS CASE• Attract new businesses• Create new jobs

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Perth and Kinross Council

Broxden Business Park, PH2 0PL

Page 38: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

REGENERATION BENEFITSPROJECT OVERVIEWBroadleys Business Park is one of Stirling’s largest industrial/commercial areas and is situated on the east side of Stirling city centre. The main occupiers are Barbour European, John Martin Group, Advanatage Stirling, Menzies, BMW Clyde Insulation, Hagemeyer and Clark & Rose.

Design and build opportunities 1,395m2 (15,000 sq ft) and 2,787m2 (30,000 sq ft).

BUSINESS CASENeed for an increase in industrial space in the area. Stirling has one of the lowest industrial availability rates in Scotland. Limited supply restricts opportunities for businesses to expand or locate within the area. Future economic growth will require around 158,429m2 of replacement industrial space by 2032. This includes an allowance of 14,403m2 required to alleviate the low supply of modern industrial premises. This averages out at 6,888m2 per annum.

Attract new businesses and create jobs

CONTACTContact Name: Carol Beattie

Organisation: Stirling Council

Phone: 01786 233 139

Email: [email protected]

Site Owndership: Stirling Development Agency

Other Project Stakeholders: Stirling Council, VALAD Europe

Project Name: Broadleys Business Park

Site Name: Craig Leith Yards, Broadleys Business Park

City Region: Stirling

Location Address: Broadleys Business Park, Stirling

Postcode: FK7 7BA

Site Size: 2,787 m2

Development Type: Industrial

Planning Status: Full Permissions

Completion Date: December 2020

ANY OTHER INFOsee the Masterplan for more information.

Carol Beattie

Stirling Council

Stirling Development Agency

01786 233 139

[email protected]

Stirling Development Agency

Other Project Stakeholders:VALAD Europe

Page 39: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW BUSINESS CASEKinross West occupies an excellent strategiclocation on the edge of town and immediately adjacent to the M90 motorway and Junction 6.

The Development Plots are located on the west side of Kinross, bounded to the north and east by residential land and to the south and west by the recently completed Kinross Western Edge Link Road.

Perth and Kinross is situated in what could be described as the heart of Scotland, acting as a logistic/transport hub connecting the A9 south (Glasgow and Stirling) with the M90 (Edinburgh and the south), the A90 (Dundee, Aberdeen and the north east) and the A9 north (Inverness and the north). Scotland’s two major international airports, Edinburgh Airport is accessible in less than 45 minutes and around an hour’s drive to Glasgow airport providing excellent connectivity to the rest of the UK and beyond.

Perth’s strategic position has been recognised by many international businesses including, SSE, Stagecoach, Aviva and Bank of Scotland.

Project Name: Kinross West

City Region: Perth and Kinross

Site Size: Plot 3 – 1.28 acres, Plot 4 – 1.09 acresPlot 5 – 3 acres

Development Type: Industrial/Employment

Planning Status: Part

Investment Sought: £POA

CONTACTContact Name: Kirsty Easton

Position: Inward Investment and Marketing

Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Perth and Kinross Council

Page 40: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Contact Name: Colin Craig

Position: Head of Property

Organisation: Dundee City Council

Phone: 01382 434 349

Email: [email protected]

Site Ownership: Dundee City Council

CONTACT

Project Name: Dundee Energy Park East

City Region: Dundee

Location Address: Jack Martin Way, Dundee

Postcode: DD4 9FF

Site Size: 56 hectares

Development Type: Industrial Parkland Fully Serviced Land

Planning Status: The area is designated as a principle economic development area in terms of Policy 24 of the Dundee Local Plan Review 2005. Use Classes 4, 5 and 6, in terms of the Town and Country Planning (Use Classes) (Scotland) Act 1997, are permissible on the site.

Investment Sought: The site(s) is available for lease or sale, terms negotiable.

The site is located within the second phase of the highly successful, high profile, Dundee Energy Park East, intersected by the A90 trunk road providing access to Glasgow, Edinburgh and Aberdeen.

There are currently 56 hectares of fully serviced land which is suitable for single user occupation or sub division. The site is high amenity industrial parkland designed to be low density, high quality with generous landscaping. There is a bus service every 10 minutes to Dundee Energy Park East.

PROJECT OVERVIEWThe site, which extends to 56 hectares, or thereby, is currently undeveloped and is accessed via a recently constructed estate road, 4.8km distance from the Port of Dundee. This site is designated as an enterprise area for low carbon activity providing enhanced capital allowances on plant and machinery.

BUSINESS CASEThis site is designated as an enterprise area for low carbon activity providing enhanced capital allowances on plant and machinery.

REGENERATION BENEFITS

Page 41: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Contact Name: Colin Craig

Position: Head of Property

Organisation: Dundee City Council

Phone: 01382 434 349

Email: [email protected]

Site Ownership: Dundee City Council

CONTACT

Project Name: Dundee Energy Park West

City Region: Dundee

Location Address: Charles Bowman Avenue, Dundee

Postcode: DD4 9UB

Site Size: 6 hectares

Development Type: Industrial Parkland

Planning Status: The area is designated as a principle economic development area in terms of Policy 24 of the Dundee Local Plan Review 2005. Use Classes 4, 5 and 6, in terms of the Town and Country Planning (Use Classes) (Scotland) Act 1997, are permissible on the site.

Investment Sought: The site(s) is available for lease or sale, terms negotiable.

PROJECT OVERVIEWThe site is located within Dundee Energy Park West intersected by the A90 trunk road providing access to Glasgow, Edinburgh and Aberdeen. There is approximately 6 hectares of development land immediately adjacent to a modern construction industrial unit totalling 7,000m2 including ancillary office accommodation and car parking available for sale/lease (terms negotiable).

The site, which extends 6 hectares, is currently accessed via a constructed estate road and is 4.8km distance from the Port of Dundee.

The site is fully serviced including main water, sewerage, gas, electric and telecommunications links.

BUSINESS CASE

Page 42: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Contact Name: Colin Craig

Position: Head of Property

Organisation: Dundee City Council

Phone: 01382 434 349

Email: [email protected]

Site Ownership: Dundee City Council

CONTACT

Project Name: Linlathen, Dundee

City Region: Dundee

Location Address: The Linlathen development site lies immediately adjacent to the east of the West Pitkerro Industrial Estate, and is located on the Eastern fringe of Dundee.

Site Size: 98 hectares

Development Type: Green field, Development Site

Planning Status: The area is designated as a principle economic development area in terms of Policy 24 of the Dundee Local Plan Review 2005. Use Classes 4, 5 and 6, in terms of the Town and Country Planning (Use Classes) (Scotland) Act 1997, are permissible on the site.

Investment Sought: The site(s) is available for lease or sale, terms negotiable.

The Linlathen development site lies immediately adjacent to the east of the West Pitkerro Industrial Estate, and is located on the Eastern fringe of Dundee. The site is adjacent to the A92 approximately 3 miles from the city centre. The site lies within easy reach of the Kingsway outer ring road, allowing access to direct road links to Glasgow, Edinburgh and Aberdeen.

PROJECT OVERVIEWDundee benefits from a unique strategic position at the heart of the motorway and rail network.

• The port has direct access to key arterial routes• Only 60 minutes drive from Aberdeen - Europe’s oil and gas

capital giving access to skilled staff with transferable skills for theoffshore wind sector

• City centre airport, 5 minute drive time from the Port of Dundee withdirect daily flights to London and a number of destinations

• Dundee City Centre is located one hour (drive time) from EdinburghInternational Airport.

BUSINESS CASEFor more information, see www.dundeerenewables.com

ANY OTHER INFO

Page 43: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Perth Food & Drink Park

City Region: Perth

Location Address: Perth Food and Drink Park, Arran Road, Perth

Postcode: PH1 3DU

Site Size: 6.4 hectares

Development Type: Industrial

Planning Status: Full Permissions

Investment Sought: £available by plot

Perth Food and Drink Park is an exciting new initiative which will strengthen the food and drink sector in Scotland through the provision of serviced development land and business support facilities.

Currently split into 11 plots of varying sizes with services available to each plot.• Perth Food & Drink Park offers serviced

development plots ranging in size from 1 acre(0.4Ha) to 3 acres(1.2 Ha) for developments insupport of the food and drink sector.

• Services are available on or close to eachdevelopment plot including: medium pressuregas, HV electricity, superfast broadband,telecoms, water and drainage.

• Financial incentives are available subjectto eligibility.

• It is envisaged that individual plots will bedisposed of by way of a development licencewhich will convert to a long term grassum leaseon completion of an agreed development.

• New developments will require to comply withdesign guidance for the Park thereby helping toensure a high quality business environment forall new occupiers.

• The new Park will also benefit from a formalDeed of Conditions to ensure public areascontinue to be maintained to high standards.

PROJECT OVERVIEWFood and drink is one of Scotland’s key growth sectors with ambitions to grow from £13.1Bn today to £16.5Bn by 2017. The Perth City Region is one of Scotland’s leading area for food and drink with an annual turnover of £310m and with an estimated 130 companies in the processing sector. Perth Food and Drink Park therefore offers one of Scotland’s best locations for growth and development in the Food and Drink sector. The Park is located strategically close to the A9 trunk road, with good links to Perth city centre and train station, and only a 45 minute drive from Edinburgh International Airport. The new Park is in an established business location yet has an attractive semi-rural setting bounded to the north by productive arable land and to the east by the banks of the River Tay which is famed for its salmon fishing.

BUSINESS CASEThe park will support the growth of the F&D sector locally and nationally through attracting new jobs and generating increased revenue.

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Perth and Kinross Council

Page 44: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Port of Dundee

City Region: Dundee

Location Address: Port of Dundee, Stannergate Road, Dundee.

Postcode: DD1 3LU

Site Size: 25 hectares

Development Type: Development land

Planning Status: Port of Dundee has Permitted Development Rights

Investment Sought: The site(s) is available for lease or sale, terms negotiable.

The Port of Dundee is the most northerly port owned by Forth Ports and is one of the largest economic generators in the city of Dundee. The port is strategically located on the east coast of Scotland, midway between Aberdeen and the central belt, and lies on the north side of the sheltered Firth of Tay. The port has the capacity to handle a wide range of bulk, agricultural and forest products. It is Scotland’s main agricultural hub with over 250,000 tonnes of agricultural products moving through the port annually. The port provides inspection, repair and maintenance of jackup and semisubmersible drilling rigs and support vessels for the North Sea oil and gas industry.

PROJECT OVERVIEWThe port has an extensive range of facilities:

• Storage areas• Warehousing• 150,000 tonnes of dedicated cereal shed storage capability• Deepwater berths• Heavy lift quaysides• 25 hectares of Development land• 24 hour access• Six working berths• 1600m of quayside• No beam or air draft restrictions

The port has been identified as one of Scotland’s top locations for renewable manufacturing by Scottish Enterprise under the National Renewables Infrastructure Plan and is within the Scottish Government’s Low Carbon Renewables East Enterprise Area.

BUSINESS CASE

Contact Name: Mark Gaffney

Position: Operations Manager

Organisation: Port of Dundee

Phone: 01382 878 130

Site Ownership: Forth Ports

CONTACT

Page 45: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

OFFICE

Page 46: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Aberdeen International Airport Development Zone

Site Name: D2 Business Park, Aberdeen International Business Park, ABZ Business Park, Aberdeen Exhibition and Conference Centre Redevelopment

City Region: Aberdeen

Location Address: Dyce

Site Size: 250 hectares

Development Type: Office Development

Planning Status: Part Permissions

Completion Date: December 2017

Aberdeen International Airport is the gateway to Europe’s Energy Capital, serving more than 3 million passengers a year. The Airport is one of the UK’s fastest growing airports with direct flights to over 40 domestic and international destinations complemented by the world’s largest commercial heliport, transporting more than 500,000 passengers in support of the north sea oil and gas industry.

There is a significant amount of growth driven development at Aberdeen International Airport and by 2018 the area will see three new business parks, major new road infrastructure, a 1000 space park and choose, airport terminal redevelopment and the new Aberdeen Exhibition and Conference Centre.

PROJECT OVERVIEWAberdeen Airport Development Zone contains significant scope of opportunity across a range of uses and sectors.

ABZ Business Park (ABZ Development Limited) One of north-east Scotland’s key commercial and industrial locations, and a major international commercial site. Home to global oil and gas technology companies,major serviced office facilities and high - standard hotels across 54 acres.

Aberdeen International Business Park (Abstract Securities on behalf of Aker ASA) This 40-acre site is in the first phase of development, offering a full medical suite, nursery/crèche, sports facilities and convenience retail facilities, and will be ready for full occupation by March 2015.

D2 Business Park (Miller Developments) A new business park providing 1.4m sq ft of office, industrial and ancillary accommodation. Prominent road frontage ensuring high visibility for branding and signage and excellent connectivity to the north and the south.

ABZ the Campus (ABZ Development Limited) An 18 acre site featuring open areas, green space and significant amenity, the Campus at ABZ can acommodate large HQ office facilities ranging from 50,000 sq ft to 200,000 sq ft and above.

Aberdeen Exhibition and Conference Centre (Aberdeen City Council and Henry Boot Developments) This £183million mixed-use office, hotel and entertainment development will include increased exhibition and conference space, an energy centre, and car parking. The facility is due for completion in early 2018.

BUSINESS CASE

Road connectivity will be significantly improved by the forthcoming Aberdeen Western Peripheral Route (AWPR) (£750m) and the new Airport Link Road (£15m).

ANY OTHER INFO

We anticipate a positive knock-on effect for businesses and communities in the region, which will see additional job opportunities, thoughtful development of communities, new investment in infrastructure and transport networks and a continued increase in lifestyle and leisure activity.

REGENERATION BENEFITS

Contact Name: Andrew Win

Position: City Development Programme Manager

Organisation: Aberdeen City Council

Phone: 01224 523 060

Email: [email protected]

Site Ownership: Various

CONTACT

Page 47: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Broxden

Site Name: Broxden

City Region: Perth

Location Address: Broxden Business Park

Postcode: PH2 0PL

Site Size: 4.5 hectares

Development Type: Hotel/Leisure/Office

Planning Status: Site has outline planning permission

Investment Sought: £POA

The development site at Broxden Business Park comprises 4.5 heactares of concealed class 4 commercial land. It has an exceptional location, adjacent to the main junction of the A9, M9 and M90 motorway network, and six minutes by car from Perth city centre. Ideally suited to a branded, limited service, mid-scale hotel, the site could readily accommodate between 60 and 120 bedrooms. Plot 3, which extends to 0.677 hectares/1.673 acres is the preferred location for a hotel development at Broxden Business Park as it benefits from excellent visibility from the roundabout and main trunk roads. The remainder of the site, which extends to 35 acres, will comprise mixed commercial and residential use.

• unique location adjacent to the main junction ofthe A9, M9 and M90, with great visibility

• plot is located within an established businesspark - current occupiers include ScottishGovernment Department of Environment & RuralAffairs, Lloyds Banking Group, Waterman Group,Gillespie Macandrew, Balhousie Care Group,Scotland Transerv & NHS Tayside’s IntegratedDental Treatment and Training Centre

• brownfield site within the city boundary suitablefor a variety of uses including a hotel, close tothe city Park & Ride facility and a large residentialarea, with a further 220 homes in planning.

PROJECT OVERVIEWThe Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m.

A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products.

An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE• Increase visitor numbers and tourism

revenue• Enhance business tourism revenue• Create new jobs

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Private

Broxden Business Park, PH2 0PL

Page 48: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Auld Bond Road, Inveralmond South Business Park

City Region: Perth

Location Address: Inveralmond South Business Park

Postcode: PH1 3FX

Site Size: 1.86 hectares

Development Type: Office

Planning Status: Zoned within the Local Development Plan for Employment Uses, Class 4 or uses compatible with the adjacent residential properties

Investment Sought: £POA

Extending to approximately 4.6 acres (1.86 ha), the site at Inveralmond South Business Park is accessed off Auld Bond Road, the main thoroughfare running through the Inveralmond South Business Park. The site lies on a main bus route linking the business park to the town centre and offers easy access to the Inveralmond Roundabout, the A9 and the city centre. The A9 bypass is situated directly to the north-west of the site, with the recent Bellway residential scheme at Inveralmond located to the south-east of the site providing a significant amount of localworkforce. A range of services are located nearby the site which include ʻThe Maltingsʼ family bar and restaurant and an ʻExpress by Holiday Innʼ. It is the Councilʼs objective that the site be acquired for the provision of high quality business space units which generate the maximum amount of employment opportunity, and any proposals will be assessed having regard to those principles.

PROJECT OVERVIEWInveralmond South Business Park benefits from access to a large local workforce, and excellent transport connections being located in close proximity to the A9, M90 and A90 which form the dominant road arteries of Scotlandʼs national road network. Perth is situated 25 miles west of Dundee, 40 miles to the north of Edinburgh and 60 miles north-east of Glasgow. Due to this central location within Scotland, almost half of Scotlandʼs population can be accessed within approximately a 60 minute drive time. Regular scheduled flights to London City are available from Dundee Airport (30 mins), and flights to a wider range of nationaland internal destinations from Edinburgh and Glasgow Airports.

Inveralmond South Business Park already benefits from local and national businesses including the Scottish & Southern Energy Group, Woods of Perth and Thermo Fisher Scientific. It is Perth and Kinross Councilʼs aspiration for the site to be acquired for a use which further generates local employment. Other businesses situated within the Perth area include Aviva, Stagecoach, The Edrington Group and Highland Spring.

BUSINESS CASE• Attract new businesses• Create new jobs

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Perth and Kinross Council

Broxden Business Park, PH2 0PL

Page 49: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Central Waterfront

Site Name: Dundee Waterfront

City Region: Dundee

Postcode: DD1

Site Size: 89,512m2

Development Type: Office

Planning Status: Part Permissions

Completion Date: December 2020

PROJECT OVERVIEWThe Central Waterfront is the focal point of the project which has involved the demolition of bridge ramps, roads and buildings, which previously separated the city centre from the waterfront.

In their place, a new grid iron street pattern, green civic space and attractive boulevards will reconnect the city with the waterfront to produce a stunning space that will be dominated by the award-winning V&A Museum of Design Dundee.The V&A Museum of Design Dundee (due to be complete 2018) will be the only design museum outside of London and expect to attract visitor numbers in excess of 275,000 annually.

The rail station will be rebuilt to provide a modern arrival point with a 120 bed hotel above operated by Sleeperz.

New hotels, commercial, leisure and residential outlets are required to support the expanding city and new development plots will be created.

All of the Central Waterfront land is owned by Dundee City Council which will ensure a one stop approach to assist developer interest.

£500,000 has already been spent on the infrastructure works to enable the creation of the Central Waterfront plots.

BUSINESS CASE REGENERATION BENEFITSDundee Waterfront has ranked as the 3rd most active regeneration project in the UK (Planning Magazine, April 2013) and is expected to become Scotland’s first sustainable community (BREEAM), which will assist in developers meeting corporate governance obligations with lower whole life expectancy costs.

ANY OTHER INFOFor more information, see www.dundeewaterfront.com

Contact Name: Allan Watt

Position: Dundee Waterfront Director

Organisation: Dundee City Council

Phone: 01382 433 306

Email: [email protected]

Site Ownership: Dundee City Council

Other Project Stakeholders: Dundee City Council, Scottish Enterprise,

CONTACT

Page 50: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

PROJECT OVERVIEW REGENERATION BENEFITSKildean Business Park comprises a strategic development site of approximately 12.51 hectares, directly adjacent to junction 10 of the M9. The masterplan provides for a variety of attractively designed offi ce buildings ranging in size from small business units to large Headquarters.

BUSINESS CASEStirling’s location at the heart of Scotland makes it a strategic location from which to base your business. Stirling has particularly strong, and growing, financial services and digital technology sectors and a rapidly increasing local demand for high quality office accommodation.

235,846m2 of additional office space will be required by 2032, consisting of 202, 519m2 to accommodate new jobs and 33,327m2 to cover replacement of stock that is no longer fit for purpose. This averages out at 10,254m2 of additional office space to developed per annum. Prime office rents per m2 for Stirling are circa £160 which is very competitive in comparison to Glasgow and Edinburgh.

• Attract new businesses and create jobs

CONTACTContact Name: Stuart Oliver

Position: Economic Development Manager

Organisation: Stirling Council

Phone: 01786 233 158

Email: [email protected]

Site Owndership: Stirling Development Agency

Other Project Stakeholders: Stirling Council, VALAD Europe

Project Name: Kildean Business Park

City Region: Stirling

Location Address: Stirling

Postcode: FK9 4TW

Site Size: 12.51 hectares

Development Type: Hotel

Planning Status: Part

Completion Date: December 2020

ANY OTHER INFOSee Masterplan for more details

Economic Development Manager

Stirling Council

Stirling Development Agency

01786 233 158

[email protected]

Stirling Development Agency

Other Project Stakeholders:VALAD Europe

©Brian Smith

Page 51: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

RESIDENTIAL

Page 52: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Central Waterfront

Site Name: Dundee Waterfront

City Region: Dundee

Postcode: DD1

Site Size: 43,822m2

Development Type: Residential

Planning Status: Part Permissions

Completion Date: 2020

PROJECT OVERVIEWThe Central Waterfront is the focal point of the project which has involved the demolition of bridge ramps, roads and buildings, which previously separated the city centre from the waterfront.

In their place, a new grid iron street pattern, green civic space and attractive boulevards will reconnect the city with the waterfront to produce a stunning space that will be dominated by the award-winning V&A Museum of Design Dundee.

The V&A Museum of Design Dundee (due to be complete 2018) will be the only design museum outside of London and expect to attract visitor numbers in excess of 275,000 annually.

The rail station will be rebuilt to provide a modern arrival point with a 120 bed hotel above operated by Sleeperz.

New hotels, commercial, leisure and residential outlets are required to support the expanding city and new development plots will be created.

All of the Central Waterfront land is owned by Dundee City Council which will ensure a one stop approach to assist developer interest.

£500,000 has already been spent on the infrastructure works to enable the creation of the Central Waterfront plots.

BUSINESS CASE

For more information, see www.dundeewaterfront.com

ANY OTHER INFO

Dundee Waterfront has ranked as the 3rd most active regeneration project in the UK (Planning Magazine, April 2013) and is expected to become Scotland’s first sustainable community (BREEAM), which will assist in developers meeting corporate governance obligations with lower whole life expectancy costs.

REGENERATION BENEFITS

Contact Name: Allan Watt

Position: Dundee Waterfront Director

Organisation: Dundee City Council

Phone: 01382 433 306

Email: [email protected]

Site Ownership: Dundee City Council

Other Project Stakeholders: Dundee City Council, Scottish Enterprise,

CONTACT

Page 53: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: Murray Royal

City Region: Perth

Location Address: Muirhall Road, Perth

Postcode: PH2 7BH

Site Size: 7.69 hectares

Development Type: Hotel/Leisure/Residential

Planning Status: Zoned for residential & compatible uses in Local Development Plan

Investment Sought: £POA

A former healthcare facility, this Grade B listed building enjoys an elevated position in a parkland setting overlooking the River Tay, and only a three minute drive from Perth city centre.

Built in 1827, the property has potential as a full service, upper mid-scale hotel with broad scope for between 60 and 200 rooms. There is ample car parking on site which, together with the option to develop existing outbuildings within the grounds, would allow for business from the weddings, conference and leisure markets to be maximised.

• easily accessible parkland setting• mixed use development potential• existing Grade B listed building dates back

to 1827• brownfield site within the city boundary suitable

for a variety of uses including a hotel• opportunity for existing outbuildings within

the grounds.

PROJECT OVERVIEWThe Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m. A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products. An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

BUSINESS CASE

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: NHS Tayside

• Increase visitors numbers and leisuretourism revenue

• Enhance business tourism numbers andrevenue

REGENERATION BENEFITS

Page 54: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Project Name: PH20

City Region: Perth

Location Address: Perth Leisure Park, Glover Street, Perth,

Postcode: PH2 0HZ

Site Size: 0.98 hectares

Development Type: Hotel/Leisure/Residential

Planning Status: Part Permissions

Investment Sought: £POA

Completetion Date: 2018

Major re-development of existing leisure provision on the site of the current Perth Leisure Pool and Dewar’s Ice Rink.

The redevelopment of the site will propel Perth to the forefront of the country’s sport and leisure opportunities through building a world class leisure facility in the city. The project will further build on the city regions excellent quality of life offering.As part of the project 0.98 hectares of commercial development land will be created offering a superb opportunity for a hotel to be located beside this world class leisure facility.

PROJECT OVERVIEW BUSINESS CASEThe Perth City Region boasts one of Scotland’s strongest tourism sectors with approximately 2 million visitors per annum, 600,000 of those to the city itself, generating revenue of over £400m.

A mixture of established world class resorts, visitor attractions, outdoor activities and leisure pursuits help drive year round tourism. Thanks to the area’s long tradition of hospitality, and recent and committed investment in facilities, the sector is well placed for further growth making the area an extremely attractive proposition for investment in new accommodation and leisure related products.

An undersupply of high quality accommodation in the city has been identified and we wish to address this to meet current demand and support our future growth ambitions. A high quality hotel in Perth would complement the high quality provision out with the city, such as Gleneagles and Crieff Hydro.

• Increase visitors numbers and tourismrevenue

• Enhance business tourism numbers andrevenue

REGENERATION BENEFITS

CONTACT

Contact Name: Kirsty Easton

Position: Inward Investment and Marketing Officer

Organisation: Perth and Kinross Council

Phone: 01738 475 364

Email: [email protected]

Site Ownership: Live active Leisure

Broxden Business Park, PH2 0PL

Page 55: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

Contact Name: Carol Beattie

Organisation: Stirling Council

Phone: 01786 233 139

Email: [email protected]

Site Ownership: Stirling Council and Private

CONTACT

Project Name: Viewforth

Site Name: Phase 1 Burghmuir Road

City Region: Stirling

Location Address: Burghmuir Road, Stirling

Postcode: FK7 7GX

Site Size: 3.08 hectares

Development Type: Residential

Planning Status: No Permissions

Investment Sought: £2m

Completion Date: December 2020

PROJECT OVERVIEWPhase 1 is the first of 3 phases of the Viewforth site being offered for sale by Stirling council. The viewforth site comprises of a prime development site in the King’s Park area of Stirling adjacent to the city centre.

Phase 1Adjacent to Burghmuir Road, the site is long and narrow and bordered to the west by the Burghmuir embankment, a steeply wooded area. The rest of the site is relatively level and forms part of Stirling’s green corridor and any development should support and enhance this. The access requires to be upgraded by constructing the first 90 m of the link road to facilitate development of the site. In the master plan, the preferred proposal for phase 1 is for a series of six 3-4 storey pavilion blocks of flats. There is also potential to incorporate the site to the north of the link road, (currently Linden Avenue car park, in phase 3). Further discussion with Stirling Council roads department will be required re access arrangements for the existing private commercial units adjacent to the Linden Avenue roundabout. Future development sites will be released in due course.

Addresses the demand for city centre living. Registers of Scotland expect Stirling’s population to increase from 90,800 people to 104,300 (+16%) by 2037 and the number of households to increase from 38,300 to 49,400. The Housing Need & Demand Assessment suggests that the Council needs up to 2,600 private houses over the next ten years; up to 260 per year. Taking a more optimistic assumption about market recovery, the council needs an average of 380 private houses a year over the next 10 years.

• Increase city centre living with benefits for citycentre vitality and economy

• Enhance the quality and environment of the citycentre Improve traffic flows

• Support modal shift• Sustainable development of the Viewforth site

BUSINESS CASE

View the Masterplan and Phase 1 detailsANY OTHER INFO

REGENERATION BENEFITS

©Brian Smith

Page 56: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

CONTACT INFORMATIONSPEAK TO CITY EXPERTS

ABERDEEN +44 (0) 1224 523 060www.aberdeeninvestlivevisit.co.uk

DUNDEE +44 (0) 1382 433 610www.dundeewaterfront.com

EDINBURGH +44 (0) 131 469 3854www.investinedinburgh.com

GLASGOW [email protected] www.investglasgow.com

INVERNESS +44 (0) 1463 702 251www.invernesscampus.co.ukwww.iabp.co.uk

PERTH

+44 (0) 1738 477 959www.investinperth.co.uk

STIRLING +44 (0) 1786 233 150www.stirling.gov.uk

SCOTTISH CITIES ALLIANCE+44 (0) 141 222 [email protected]

Page 57: Scottish Cities Alliance, Investment Prospectus, Issue 4, October 2015

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