Scottish Cities are open for business with £7.5 billion investor-ready opportunities
The Scottish Cities Alliance (SCA) is attending UK’s leading real estate event, MIPIM UK, to tell UK and foreign investors that it’s open for business, with an exciting portfolio of £7.5 billion investment ready opportunities across Scotland.
The Alliance, which is a unique collaboration of Scotland’s seven cities - Aberdeen, Dundee, Edinburgh, Glasgow, Inverness, Perth and Stirling and the Scottish Government - is actively working to attract investment, stimulate economic activity and create business growth across the cities.
Between the 19th and 21st October, MIPIM UK is expecting 400 investors with international delegations from the US, Canada, Malaysia, Hong Kong and Singapore as well as 150 developers and other key players from the UK property industry. To maximise its exposure to those investors, the SCA is speaking at a series of high profile conferences including:
- Presenting its £7.5 billion investor-ready opportunities at the HM Government/ Department for International Trade stand.
19th October at 15:00 - 15:45, stand K35.
- Attending the panel discussion on tackling the question of regeneration in UK cities: Where is regeneration happening and what are the Government’s objectives?
19th October at 11:45 - 12:30, Blue Room, Mezzanine Level.
- Discussing how Scottish cities are looking at innovative financial models to de-risk opportunities for hotel investors on the panel: Opportunities in the hotels and leisure sector.
20th October at 15:00 - 15:45, Blue room.
Councillor Andrew Burns, Chair of the Scottish Cities Alliance, said:
“Scotland’s cities and their regions are working collaboratively in order to make a big impact in the investor arena and highlight the huge rewards and benefits of investing in Scotland’s cities.
“With a Smart Cities Scotland programme rolling out across the cities, for which we recently launched the Smart Cities Scotland Blueprint, as well as low carbon and hydrogen projects, our cities are modern places to do business.
“The Alliance has brought in £80million to the Scottish economy, and we hope to build on this success at MIPIM UK with the Scottish Cities Alliance’s new Pitch Book detailing £7.5 billion worth of potential investments across the seven cities.
“The benefit of this unique partnership is cemented by this success and I am sure that Scotland’s cities will continue to be seen as a global investor’s destination of choice.”
Some of the top projects the SCA will discuss with investors at MIPIM UK 2016 include:
Aberdeen City Centre: The masterplan is designed to revitalise public transport and pedestrian links in the city. The Station Gateway forms an important part of that plan and will improve public transport, cycling and pedestrian connectivity around the station.
E-park Aberdeen: A commercial mixed-use 60 hectare development. Located near the airport, the first phase commenced earlier this year, which will include an exhibition and conference centre, three hotels and an energy centre. Its due for completion in late 2018.
New station and V&A Museum: The first V&A Museum of Design to be built in the UK outside of London is underway in Dundee and is due for completion in 2018. The city is also working closely with Network Rail to deliver a new station.
New Office, Resi and PRS scheme: Plans are progressing for a new grade two office space at two sites, one hotel and a PRS scheme.
The Inverness and Highland City- Region Deal: A £1 billion investment, positioning the area as a region of digital opportunity. This will play a significant role in securing long term productivity and economic growth.
£100m Inverness Campus: A 14.5 hectare plot comprising of 17 development sections providing a range of investment opportunities across a number of sectors including: health, creative industries, energy and business services.
£13m refurbishment of (British Land) retail park: This scheme is expected to create, 180 new jobs for the local economy. It will include three new restaurants - Frankie and Bennie’s, Nandos and TGI Fridays and new retailers. The refurbishment will improve customer facilities, reconfigure the car park and create better pedestrian links.
Grow on Space: The development of 10,000m2, comprising a new high quality office space particularly suitable for SME businesses at Forthside, Stirling’s 40-acre waterfront development.
Digital Hub: The city has plans to deliver 4,099m2 of dynamic, inspiring and collaborative space for businesses, students and academia in the historic municipal buildings in the heart of the city.
International Business Gateway: IBG is a strategic development adjacent to Edinburgh Airport to the west of Scotland’s capital city The IBG extends to 105 hectares and current masterplans show some 232,000m2 of high quality business space, hotels capable of housing some 1,410 bedrooms and 2,350 residential units split between build for sale, build for rent (PRS) and affordable homes.
The Edinburgh BioQuarter is a major biomedical, medical and science research campus adjacent to the Royal Infirmary of Edinburgh, (a 960 bed teaching hospital providing a full range of acute medical and surgical services),and University of Edinburgh Medical School (900 researchers and clinical teaching staff working across the full range of medical conditions). BioQuarter offers scope for significant further development of up to 230,000m2 of life sciences space plus 46,000m2 of ancillary space.
Situated on the banks of the River Clyde and the River Kelvin, Glasgow Harbour has a unique waterfront location just minutes from the city centre and is one of the UK’s largest waterfront regeneration projects. The 52 hectare (130 acre) integrated development, with an investment value of over £1.2 billion offers a wide range of commercial, office, residential and leisure development and occupational opportunities.
An extension of Glasgow’s Merchant City and a mere 500 metres from George Square, Collegelands sits on the corners of High Street and Duke Street. Located in a mixed use quarter close to the University of Strathclyde, the City of Glasgow College and the Glasgow Royal Infirmary. Phase 2 has already commenced with significant development opportunities exist for office, retail, restaurant and café space, hotel, residential and a student village.
PH20 Perth Food and Drink Park is an exciting initiative, which will strengthen the food and drink sector in Scotland through the provision of serviced development land and business support facilities. 25 hectares of serviced plots ranging from 1 to 10 hectares. Full planning permissions granted for Mixed Use development.
Broxden Development The development site at Broxden Business Park comprises 4.05 hectares 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. The remainder of the site, will comprise mixed commercial and residential use.
MIPIM UK is the largest domestic exhibition and conference for property professionals with 4,000 participants, providing a marketplace for UK players and international investors to meet, discuss projects and opportunities and to do business.
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