Ambitious vision for Edinburgh Park

Published: 05 November 2018

Real estate group Parabola is developing the first phase of a new £500m ‘urban quarter’ at Edinburgh Park. We spoke to Parabola managing director Tony Hordon.

Your business in brief?

Parabola is an award-winning property development and investment company based in Newcastle and Edinburgh with a team of nine. It was established by Peter Millican over 30 years ago.

We consider that Edinburgh offers an amazing backdrop – its rich culture, hugely talented population and innovative approach to life and work will be reflected in Edinburgh Park.

Tony Hordon, managing director, Parabola

 

The first development projects were in Newcastle, with Central Square and Central Square South – ground-breaking speculative Grade A office buildings that delivered the quality, attention to detail and focus on creating purposeful place that is a hallmark of Parabola’s philosophy and approach.

One of Parabola’s most prestigious developments is King’s Place in London, which thrives with creativity and has culture at its core. This award-winning development by King’s Cross station adjoining the canal, links arts, culture and business with a first-class bar and restaurant. It is now considered to be best in its class and seen as a watchword in artfully combining the arts, business, leisure and entertainment.

Parabola is committed to creating places of commercial and social value with attention to the delivery of high quality built environment with well-being built-in. 

Edinburgh Park will provide 1,000,000 sq ft of commercial space and 1,800 new homes in the west of the city.

What will you be doing at Edinburgh Park?

Edinburgh Park is a new urban quarter that will not only become an exciting place to live and work, but also be a cultural destination and creative campus for Edinburgh. Parabola’s vision is to use world-class leading edge design and architecture to create an exemplar community that will thrive and be regarded as setting a new standard in place-making.

There will be up to 1,000,000 sq ft of commercial space with a civic square at its heart and adjacent landscaped parkland. Neighbouring this will be a recreational area for tennis and football.

In the first building, which will begin onsite in the next few months or so, there will be a 200-seat conference facility, café, bar and restaurant as well as innovative shared office options allowing flexibility for young and dynamic businesses looking to grow. 

Alongside a medical facility, there will be a leisure suite for pilates, yoga and fitness. And there will be cycleways, a dedicated running track and a parkland setting to enjoy.

The whole site will be provided with energy from a bespoke energy centre which will produce renewable and low carbon energy. There will be 1,800 homes with a mix of tenures and will include houses for sale, to rent and a variety of novel affordable options.  

The 'urban quarter' will have a civic square at its heart, recreational areas and landscaped parkland.

What will this mean for Edinburgh / why is it important?

What Parabola is proposing at Edinburgh Park is reflective of our philosophy – long-term investment in quality place-making that delivers a real sustainable community.

We consider that Edinburgh offers an amazing backdrop – its rich culture, hugely talented population and innovative approach to life and work will be reflected in Edinburgh Park.

What makes Edinburgh an attractive market for you? What's your vision in Edinburgh / Scotland?

Edinburgh at present has an acute shortage of Grade A quality office accommodation – there are few opportunities to create the size, scale and quality of offices that Parabola has planned for Edinburgh Park.

This combined with an amazingly well-connected site – with two tram stops, railway stops and exceptional bus connection as well as cycle routes makes Edinburgh Park one of the city’s most obvious destination for sustainable growth.  

 

If you would like to find out more about how we can help you and your business establish, relocate or expand within the city region, or would simply like more information about what Edinburgh has to offer, get in touch today.

E: invest@edinburgh.gov.uk

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Investor Support Team

City of Edinburgh Council

E: invest@edinburgh.gov.uk

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