Appeal to private sector to back scheme
Dundee seeks City support for waterfront
Private sector support is required to underpin the next phase of the £1 billion scheme with eight kilometres of riverside land providing opportunities for development
The extension to the V&A Museum of Design and the city centre park, Slessor Gardens, mark the first visible signs of work to transform the area.
Mike Galloway, executive director of City Development says the invitation to engage with the Dundee Waterfront project is a” rare blank canvas development opportunity for investors”.
Speaking ahead of a presentation at the London offices of Pinsent Masons on 22 September, he said: “We are forecasting several hundred thousand visitors to the city each year due to the new V&A Dundee. Add a new marina, new railway station, offices, hotels and new businesses opening, Dundee Waterfront is going to be buzzing.
“We need more investors to grasp this opportunity and partner with us on innovative design and build ideas. They might be surprised at how entrepreneurial we are – Dundee really is open for business and we are keen to encourage creative and innovative proposals from London’s investment and development community.”
More than £750 million of committed investment is now in place and around 26,000 square metres of development land is now available for mixed use.
Recent investment announcements include £30m by Our Enterprise on the development of flats, grade ‘A’ offices and commercial space.
Dundee City Council is also in advanced discussions with developers over a proposed mixed use development comprising flats, Grade ‘A’ offices and a new 130-room hotel.