Property developers buy Princes Street store

Published: 18 January 2018

Edinburgh-based firm Parabola has snapped up the House of Fraser store on Princes Street.

Agents handling the sale of the site, which has had a department store on it since 1894, said it had gone for a price “significantly in excess” of its £13.7 million price tag.

Parabola has bought up the House of Fraser site months after unveiling plans for a new £500 million “urban quarter” on the outskirts of Edinburgh.

The capital’s biggest development for well over a decade is earmarked for a swathe of land on both sides of the tram line near the Gyle Shopping Centre...

Full story via Edinburgh Evening News


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