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Private sector investing in city

£40m mixed scheme for Dundee waterfront

Dundee flats and officesA £40 million development of flats, premium office space and hotel will be built next to the V&A Museum on Dundee’s waterfront.

It will include 67 flats for the private rented sector and 50,000sq ft of Grade A office space over four floors. The 120-bed hotel to be aimed at the upper end of the visitor market. The preferred developer is Robertson.

Dundee City Council development convener Coun Will Dawson said:  “We expect more private investment in the Waterfront to emerge as the surge in interest we are currently seeing from developers begins to bear fruit.

“This will produce more of the jobs and prosperity we are aiming for and it is pleasing to note that there have already been substantial community benefits resulting from the regeneration.”

Dundee City Council executive director of city development Mike Galloway said: “These proposals are imaginative and match our desire to work with commercial partners that will deliver our vision for the Waterfront.

“It is also very rewarding that Dundee Waterfront is clearly attracting investment from top quality businesses wanting to share in the UK’s third largest waterfront regeneration project.

“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 approach to development. We are also open to joint ventures so would encourage more businesses and entrepreneurs to contact us with their concepts.”

 

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