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scotland |


interest in the city and Waterfront area.” Recent major investment


announcements have included planning approval for proposals from Our Enterprise to create Studio Dundee on Site 2, a mixed- use of co-working space for the creative communities, retail units, café, urban offices and apartments. There was also approval for a £40m mixed-used development by Robertson Construction in partnership with Dundee City Council on Site 6 for offices, residential, retail, restaurant and a hotel and an investment of £10m by Dundee Port in readiness for decommissioning work in the North Sea. Dundee was also chosen to host Scotland’s new Social Services HQ, creating 700 jobs. 2018 will see work starting on both Sites 2 and 6, and the opening of the new Sleeperz & Indigo hotels.


The new Dundee Railway Station opens later in the year and will transform travel to and from Dundee


tourism, travel and service industries. Access to the city will improve dramatically with the opening of the new £18m Dundee Railway Station in the summer, providing visitors with a state of the art welcome directly into the Central Waterfront. The new station will have its own on-site hotel, to be run by Sleeperz, shops, café and offices and is expected to cater for more than 2 million travellers per year.


services, bars, restaurants and craft retail. There will be a lot of potential business, which will create a wealth of opportunities for entrepreneurs with the ideas and imagination to capitalise on the transformation of the city”.


Waterfront Investment Tops £800m Access to the city will


improve dramatically with the opening of the new £18m Dundee Railway Station in the summer, providing visitors with a state of the art welcome directly into the Central Waterfront.


Waterfront Director, Allan Watt says several new hotels have recently opened in the city, but there is plenty of scope for further hospitality and tourism businesses able to look after the additional visitors: “Five years ago, we put out a call for 5 new hotels in the city and are on track to reach that target by 2020 with Premier Inn expanding an additional 60 rooms, Indigo Hotel & Staybridge Apartments opening this year and the recent announcement of Marriott AC to open on Site 6 opposite V&A Dundee in the near future. Now we are calling for entrepreneurs to create additional tourism and service focused businesses, such as guest houses, transport


COMMERCIAL PROPERTY MONTHLY 2018


Wide choice of development options Committed investment in Dundee Waterfront has already passed the £800m mark, and the City Council Development Team expects enquiries from potential investors, developers and business owners to rise during 2018.


Investors have an extensive range of options across 8 sites, with more than 1.5m sq.ft of shovel-ready land in the Central Waterfront now available for mixed-use development. All infrastructure works are complete, so proposals can now be fast- tracked to the planning stage, following which developers can move immediately to the construction stage.


Dundee City Council and its Waterfront partners, Scottish Enterprise, are now promoting these investment opportunities across the world, and recently launched an interactive investors pack that showcases the sites now available for mixed-used development. The sites, pack, and planning guidelines are all available to view at www.dundeewaterfront.com “We welcome all types of investors and developers, from major to micro businesses, and from manufacturing, engineering and construction through to professional services, retail and leisure” said Allan Watt. “The City Council owns virtually all the land in the Central Waterfront, so we can work closely with investors to ensure a smooth transition from proposals to construction. We have been delighted with the level of local, national and international


Leisure, entertainment and events are a major focus, and 2017 saw UB40 headline the opening concert at the new Slessor Gardens. A new wakeboarding centre opened at City Quay and Dundee Port is catering for an increasing volume of cruise liner traffic which is bringing thousands of new visitors into the heart of the city. “All eyes will be on Dundee in 2018 with the opening of the V&A Dundee, and as other major projects start to move forward” added Allan Watt. “The city and regional economy will receive a major boost during the coming years, triggering exciting opportunities for investors and entrepreneurs to be part of the new Dundee.”


FAST FACTS 5 Zones Seabraes – creative, digital, residential


Central Waterfront – mixed-use offices, retail, leisure, residential


Riverside – airport, park and recreation, business area, leisure


Dundee Port – industrial, renewables, sea traffic


City Quay – marina, offices, residential, tourism, leisure


18 Sites available across all zones


Site Profiles – www.dundeewaterfront.com


Key Contacts Dundee City Development Team Allan Watt, Dundee Waterfront Director allan.watt@dundeecity.gov.uk Ryden


Bill Marley, Partner bill.marley@ryden.co.uk


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