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Developer to turn Perth car park into £30m cultural quarter

ThimblerowPerth is to get a £30 million landmark development that will transform a key site in the city centre into a new cultural quarter.

The Mill Quarter will be a mix of bars, restaurants and shops, together with a cinema, gym , housing and mutli-storey car park.

Located on the site of the Thimblerow car park it is expected to become a destination development attracting 300,000 visitors a year.

Expresso Property has been selected as preferred developer by Perth and Kinross Council which was helped in a marketing effort by the Scottish Cities Alliance, a partnership between Scotland’s seven cities and the Scottish Government.

Speaking as he visited Perth Concert Hall to make the announcement, Deputy First Minister John Swinney said: “If Scotland’s cities thrive so too does the rest of the country, and I am pleased to announce this exciting new £30 million venture for Perth.

“By providing a unique new destination for restaurants, retail and leisure, the Mill Quarter development will boost the local economy by creating jobs and attracting visitors to the area.

“The Scottish Cities Alliance provides a single point of contact for potential investors to access all seven Scottish cities. This success clearly signals the benefits of our cities and the Scottish Government working together in partnership. I am delighted that this is the first deal to be done, and I hope it will be the first of many.”

Councillor Andrew Burns, Chair of the Scottish Cities Alliance said: “This is a fantastic result for the city of Perth and my congratulations go to everyone involved in bringing the deal to fruition.

“Of course, it’s also a demonstration of the great benefits to be gained from partnership working between the seven cities, with our recent presence at investor events such as MIPIM clearly paying dividends.

“I am quite sure that, thanks to our ongoing collaboration and, in particular, to the development of the Investment Prospectus, we can look forward to attracting many more major investments from across the globe.”

Councillor John Kellas, Convener of Enterprise and Infrastructure Committee at Perth and Kinross Council, said: “Expresso Property’s proposals will provide a welcome addition to the city’s local economy, driving additional employment and adding to the spend potential across the entire city centre.

“As the population grows, a development of this nature further establishes Perth as a city in which to invest, work and live in, and is an embodiment of Perth and Kinross Council’s Perth City Plan.

“The location of the development will be of extra significance, as we begin to witness the emergence of an attractive cultural quarter within the city.”

Nicholas Robinson of  Expresso Property said: “We have been impressed by the support given by local government and their agencies in making things happen.

“That forward thinking has been crucial in establishing the real business case for this development here in the heart of Perth and we are now excited to get the project under way.”

Photos (top) shows current car park and (bottom) John Swinney with stakeholders at todays presentation (click to enlarge)

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