Scotland Dundee - Investor and Developer opportunities status (Building Research Established Environmental Assessment Method) which will be the first accredited development in Scotland.
Our employers are committed to paying a living wage, and our Employability Team works with all interested employers to ensure that disadvantaged clients can be recruited through job academies.
City Centre Investment Plan The Dundee City Council City Centre Investment Plan outlines a long-term vision for the city centre, including plans for seven strategic development opportunity sites. The 30-year plan is structured around five key themes; Living, Working, Visiting, Connectivity and Public Realm.
Key Statistics: A regional working age population of 300,000 of which 1 in 5 are students.
A regional centre of academic excellence with 57,867 attending University of Dundee, Abertay University, University of St Andrews, Dundee & Angus College and the Al-Maktoum College.
A younger demographic (aged 25-44) is predicted to increase by 4.7% by 2028. V&A
Like many cities, Dundee has been transitioning from an industrial to a knowledge-based economy. This shift has been marked by significant investments in
sectors such The city also prioritises as renewable
energy, life sciences, computer games and digital technology.
sustainability and net-zero initiatives, which align with its broader economic
transformation goals, including the internationally acclaimed Dundee Waterfront redevelopment project.
Dundee Waterfront The transformation of Dundee’s waterfront is one of the most important regeneration projects in the UK, with almost £2 billion of investment planned along the 240 hectares alongside the River Tay, all part of a 30-year vision.
The investment we’ve made in the V&A, the new railway station, Slessor Gardens and transport infrastructure has helped create or safeguard over 1,600 jobs. Almost 5000 jobs could be supported when development is concluded.
Initial infrastructure works have been funded by the UK and Scottish Governments, Dundee City Council and Scottish Enterprise.
The waterfront has already attracted 2 major office employers with the headquarters of Social Security Scotland and the BT’s new state-of-the- art contact centre, and the Council recently committed to developing a further modern office development, James Thomson House.
There is a strong market interest in the new development which will support up to 450 new jobs, and we anticipate that the development will be fully occupied by the end of 2025. It also includes 2 ground floor units, which are being marketed for food and beverage or design-led retail.
The Waterfront also aims to create a further 500 residential properties in addition to several affordable housing developments. We are currently targeting Build-to-Rent housing developers, hotels and office developments.
With residential investment totalling almost half a billion pounds to date, Dundee’s reputation for housebuilding has surged, with a doubling of annual completions. As the economy improves and interest rates go down, we have received an increasing number of developer inquiries. Private sector owned land is also promoted as part of the Waterfront development All buildings within the Waterfront are required to achieve BREEAM
COMMERCIAL PROPERTY MONTHLY 2024 13
The investment plan aims to double the population living in our city centre and developer discussions are taking place around these residential opportunities.
The city is home to a thriving cyber security, digital and gaming sector, with the University of Dundee and Abertay University playing key roles in fostering innovation and research.
Levelling Up
The UK Government recently announced a £20m investment package, £3m of which will go towards further office development within the Waterfront, creating around 400 additional jobs. The focus of all these measures remain on bolstering employment, regenerating the city centre and supporting the development of the Eden Project.
Sunniest City Dundee is Scotland’s sunniest city and has access to beaches, mountains and countryside, not forgetting the 60 golf courses within 60-minute drive. The city offers an exceptional quality of life, assuring student retention and talent acquisition.
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