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09/03/2018

Mixed-use complex set to expand Scottish capital’s financial district

Words: Roger Milne
Edinburgh Financial District / Shutterstock_1748698

Edinburgh City Council’s development management committee has been recommended to approve in principle a mixed-use office and hotel complex known as Exchange 2, which represents a significant expansion of the capital’s financial district.

The £150 million scheme, on the western side of the West Approach Road, is earmarked for a constrained 1.2-hectare site next to the Edinburgh International Conference Centre.

The proposals include a catering academy and hotel training school. Three separate new buildings are involved and part of the development will mean building on top of an existing electricity substation. The scheme would retain the B-listed façade of the three-storey Scottish Power office building in Dewar Place.

Catalyst Capital is funding the project, which is being proposed by Duddingston House Properties, the developer behind controversial plans to turn the old Royal High School into a luxury hotel.

The catering academy is to be run in conjunction with Queen Margaret University and the hotel training school with Edinburgh Napier University.

The developers will be expected to pay around £2.5 million towards the city’s tram network.

Image credit | Shutterstock

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