Moray construction firm Robertson Group has been named preferred developer for a £40million project forming part of the £1billion transformation of Dundee’s waterfront area.
Elgin-based Robertson said yesterday it was to deliver 67 flats, 50,000sq ft of office accommodation and a 120-bedroom hotel as part of the overall regeneration scheme.
The hotel – aimed at the luxury end of the market – and flats for the private rental sector will be next to the new V&A Museum of Design and opposite the entrance to Dundee’s train station.
Robertson chief operating officer Derek Shewan said: “We are naturally delighted to be selected as preferred developer for this exclusive, flagship development.
“We are looking forward to delivering something the whole of Scotland can be proud of.”
Robertson said the residential part of the development – comprising one, two and three-bedroom flats – would appeal to a wide market, including young professionals, couples, families, retirees and business lets.
The four floors of office space are expected to interest technology and professional or financial services firms, as well as public sector organisations and call centre operators.
And the hotel is predicted to help meet demand for forecasted growth in the number of people visiting Dundee.
Mr Shewan said: “This development promises to be a high quality addition to Dundee’s flourishing waterfront area and we are looking forward to moving on to the next stage of the project.”
Dundee City Council development convener 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 there have already been substantial community benefits resulting from the regeneration.
“Our central waterfront is an exciting hive of activity as progress continues on a number of major projects, including V&A Dundee and the railway station.”
Council city development executive director Mike Galloway added: “Dundee Waterfront is clearly attracting investment from top quality businesses wanting to share in the UK’s third largest waterfront regeneration project.”