S Harrison has acquired a vacant site on Gorgie Road, which previously housed several industrial units that were recently demolished.
Edinburgh has become a significant location for us...The city is widely recognised as the UK’s most popular tourist destination outside London, as well as attracting business travellers from across the world...Martyn Harrison, Chairman, S Harrison
The company has also bought a former retail and office unit, with adjoining land, close to Murrayfield Stadium on Westfield Road. Each site covers just under one acre and S Harrison is due to start preparing planning applications for both.
The company is also exploring opportunities for a 0.6 hectare site on Ocean Drive in Leith, known as Ocean Point 2, as well as pursuing planning approval to transform a 1970s office building in the West Coates area, into a new hotel development.
This follows the firm completing work on Haddington Place in 2016, when it transformed the Leith Walk site, which was formerly part of the city’s original Botanic Gardens, into a £23 million, 240-bedroom student accommodation scheme, with retail units on the ground floor.
The gross development value of the five current schemes will be approximately £150million and research from the Edinburgh office of planning and development consultancy Turley, reveals all these projects, combined with Haddington Place, will result in an £88million investment in the city’s construction sector.
In addition, 750 jobs will be directly supported through this construction investment and 635 jobs will be indirectly generated across Scotland through related investment.