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| scotland SUCCESS STORY by Councillor Frank Ross, Convenor of the Economy Committee, The City of Edinburgh Council


Edinburgh skyline


universities; an enviable highly qualified workforce, 54% of whom are educated to degree level; and home to some of the UK’s most incredible startups, including two unicorn companies: Skyscanner and FanDuel. Edinburgh is a city which generates and attracts talent. Add to this our stunning architecture,


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history, culture and world-renowned festivals and it is easy to see why Edinburgh is truly a fantastic place to invest, work, study, live and visit. Indeed, this is enforced by Edinburgh’s impressive string of awards and accolades, including the 2016/17 winner in the fDi’s mid-sized cities category for Business Friendliness. Edinburgh consistently performs well


against other cities in the commercial property sector, however our success is not to be taken for granted. We need to constantly review our offer to ensure it


dinburgh - Scotland’s Capital. Boasting four of Scotland’s world-class


retains its position as one of the most highly attractive cities in which to invest and work. Following the City of Edinburgh


Council’s review of strategic gap sites, the Edinburgh 12 was created. This initiative identified how the Council could best support the development community to ensure the successful progression and delivery of 12 of the city centre’s key stalled sites. The sites in question have a combined GVA in excess of £2bn and the potential to create up to 20,000 FTE jobs and 28,000 construction jobs. One of these projects is the £850m


Edinburgh St James, one of the UK’s largest and most ambitious regeneration projects. Upon completion this mixed use development will massively boost the City’s retail offering and transform the City’s east end. In addition to the Edinburgh 12, the


Council also works hard to support the development community on many other opportunities around the City. In March 2015, consent was granted for


the redevelopment of a disused 1950s office block in the heart of Edinburgh’s Exchange District. Upon completion this development will deliver 4,000m2


of grade ‘A’ office space, and 1,000m2 of retail space. International Business Gateway 70


This site has been acquired by GSS Developments. In housing delivery, Edinburgh’s first private rented sector (PRS) development


was consented in January 2016. The “Springside” scheme by Grosvenor will deliver up to 400 homes for rent, along with commercial and retail space on a brownfield site in Edinburgh’s booming Fountainbridge neighbourhood. In the west of the City, plans have been unveiled for the first phase of the £700


Springside by Grosvenor


million International Business Gateway. This massive development will ultimately deliver over 200,000m2


of residential and


commercial space on over 90 acres of land just minutes from Edinburgh Airport. I am confident that the first class,


dedicated support which the Council offers the development community will continue to play a highly significant role in the delivery of our Capital city’s most exciting projects - creating new jobs and enhancing Edinburgh’s reputation as a great place to be.


COMMERCIAL PROPERTY MONTHLY 2016


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