Plans for a £200 million mixed-use scheme next to Haymarket Station in Edinburgh have been given the green light after a contractor was found for the project.
Interserve has signed a deal to construct the facility which will also see the inclusion of owner Tiger Developments. The company will invest £10.5 million into the site carrying the £150 million building work phase creating offices, shops, leisure facilities, a hotel and underground parking giving a major boost for the Scottish capital. It will provide useful links with both Haymarket train station and also nearby Edinburgh Waverley, which is one of the UK's busiest stations with millions of people passing through every year.
The mixed-use site has already been granted full planning permission and a number of tenants have signed up for the initial development phase. Major retailer Tesco announced that it will be moving into a premises once the site is completed, while services apartments provider Staycity will also be taking up residency. The second phase will see the introduction of food chains Prezzo and Pret A Manger while a host of other companies are also in discussions to become occupiers in the coming years.
Adrian Ringrose, chief executive officer of Interserve, said: "Edinburgh’s Haymarket site remains one of the best city centre developments schemes to be found anywhere in the UK. It will provide a strategic gateway for the city centre, linking seamlessly with one of Scotland’s busiest railway stations, as well as being adjacent to the city’s new tram network."
Interserve stated that the construction programme will be undertaken by its local sub team based in Livingston. Around 250 of the company's employees will be working on the project and will be taken on by Interserve or its regional supply chain. Haymarket has been highlighted as the last remaining gap in Edinburgh and with the major footfall from the nearby train stations seen as an ideal opportunity for increased commerce and a rise in revenue for various organisations.
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