Waterfront developers offer JV options
Dundee Waterfront will next month urge more investors to join those who have so far invested more than £600 million in the flagship development.
The project team will encourage other backers to attend events in Aberdeen, Edinburgh and Glasgow where they will be updated on opportunities – including potential joint ventures – to be involved in one of the biggest city redevelopments for years.
The latest round of committed investments include a new railway station, a hotel and retail development, creation of a marina and expansion of the science centre, as wellas funding of the V&A Museum of Design.
Dundee Waterfront will disclose that it is receiving it is in talks with businesses from a range of sectors including life sciences, renewables, professional, financial and back office, contact centres, creative industries, hospitality, tourism, food and drink.
It recently released 1 million sq ft of prime commercial space suitable for office, leisure, retail and residential development.
Mike Galloway, director of city development at Dundee City Council said: “We are delighted at the interest being shown in the business potential on offer in the waterfront area. We are keen to encourage sustainable, design-led development that reflects Dundee’s status as the UK’s first Unesco City of Design.
“Most of the land in the central Waterfront is owned by Dundee City Council, so we can work in partnership with investors and take a long-term holistic approach to development. We are also open to joint ventures so would encourage businesses and entrepreneurs to contact us with their concepts.”
Dundee Waterfront recently launched a 3D interactive app that allows users to explore Dundee Central Waterfront in 2018, including the interior of the V&A Museum of Design, Dundee.