Scottish Cities Alliance

Finance secretary unveils Scottish commercial real estate opportunities to investors in London

Queen’s Square in Aberdeen would be transformed into a mixed-use urban quarter

Three of Scotland’s biggest commercial real estate propositions for 2018 were unveiled to investors in London today at a business breakfast hosted by Derek Mackay, cabinet secretary for finance and constitution.

The potential investments include a £137 million opportunity in Bothwell Street in Glasgow, the £150m Queen’s Square, Aberdeen proposition and the Advanced Manufacturing Innovation District Scotland in Renfrewshire which is seeking £250m in investment.

These opportunities were presented to a targeted audience of investors, intermediaries and leading decision makers at Scotland House, the Scottish Government’s headquarters in London.

This event is the second of its kind at Scotland House in a push by Scotland’s economic agencies – Scottish Development International, the Scottish Cities Alliance and the Scottish Property Federation – working together to pool resources and maximise results.

Finance secretary Mr Mackay said: “With more than 2,300 foreign-owned companies employing a total of 317,000 staff here and realising a combined turnover of £86 billion, foreign direct investment plays a vital role in Scotland’s economy.  A recent study reported that for every £1 spent on attracting inward investment, £9 is generated for our economy.

“Attracting inward investment is a key priority for the Scottish Government – something which assumes even more importance in light of Brexit – and is one of the aims of our Trade and Investment Strategy. The events at Scotland House, our innovation and investment hub in London, bring together senior investors, fund managers and decision makers to hear more about the benefits of investing in Scotland.”

The latest EY Scotland Attractiveness Survey (2017) highlighted that Scotland won a record number of investments from overseas in 2016, with 122 foreign direct investment deals done over the course of the year, up from 119 in 2015.  EY’s report showed for the fifth year in a row, Scotland was the second most popular part of the UK to invest in behind London.

Events such as this aim to maintain Scotland’s high ranking with the message that Scotland is a low-risk location with a variety of robust, investor ready propositions and a track record of success with international companies such as Spire, Genpact, Corporate Health and Dexcom all setting up operations here.

Neil Francis, interim managing director of Scottish Development International, said: “Much of Scotland’s success in attracting international investment comes from the strength of our connected cities and competitive business environment, and together with the Scottish Cities Alliance, we are actively engaging with target audiences in London and further afield to promote Scotland to international influencers.

“We must continue to build on the international connections that exist across many parts of our economy to attract new investment, and this event at Scotland House is a great example of how we are working closely with partners to combine our voices, networks and resources to secure economic impact for Scotland.”

The propositions on show will demonstrate the strength of Scotland’s investment opportunity across the country with the public sector agencies working closely with the private sector.

Aberdeen’s Queen’s Square project centres on the city living approach in a bid to deliver housing and re-energise the heart of the city.

Richard Sweetnam, chief officer for city growth at Aberdeen City Council, presented the city’s Queen’s Square scheme to the invite-only audience.

He said: “This is a great opportunity to showcase the major investment potential in Aberdeen directly to London-based investors as well as several international investors. We are the first Scottish city to float a bond on the stock market, we have thriving energy, digital and life science sectors and Aberdeen is soon to be Scotland’s first gigabit-speed fibre broadband city, so we have all the infrastructure in place for investors to make this their destination of choice.

“Queen’s Square offers an excellent opportunity for the right investor – with a residential-led mixed use urban quarter in the heart of Aberdeen, the project has a GDV of £150m and sits next to the new Marischal Square development which brought in £107m to Aberdeen’s economy. Events such as this, working with our partners in the Scottish Cities Alliance along with Scottish Development International, offer a fantastic opportunity to highlight the huge potential of Aberdeen.”

Blog: West Link Road opens in Inverness

westlinkinverness.1203x0-isA blog on Inverness by the Scottish Cities Alliance featuring The West Link as it opens to traffic and Inverness Airport Business Park’s opportunities.

A vital piece of infrastructure has opened in Inverness which will boost economic growth and ease congestion.

The West Link Road is an ambitious project which completes the link between the Dores roundabout and the A82 at Torvean, crossing the River Ness. It is an ambitious project which will deliver a greatly improved infrastructure to support the future development, growth and prosperity of Inverness and the Highlands.

The West-Link will reduce congestion in the city centre, enable housing development and associated developer contributions and provide additional capacity over the River Ness will remove unnecessary traffic from the city centre, along with fumes and noise. The link will make the city centre a more pleasant place for shoppers and pedestrians.

The new link will:

  • Help achieve the greater ambition for the City of Inverness and will enable further development
  • Bring a Benefit to Cost Ratio of nearly £4 of benefit to every £1 of public investment
  • Form part of the Inverness and Highland City-Region deal which is a joint initiative supported by up to £315 million investment from the UK and Scottish governments, The Highland Council, HIE and University of the Highland and Islands, aimed at stimulating sustainable regional economic growth.

The Scottish Cities Alliance’s Pitch Book features investment potential in Inverness.

One of the potential investments is at Inverness Airport Business Park which is a planning approved and master planned mixed-use commercial property development with approximately 275 acres of land available (over the long term) for occupancy across four key Development Zones – Phase 1, Hotel (Plot 1), Airside and Railside.

iapb.976x0-isThe Co-op recently announced plans for a new, bespoke distribution centre to be located at Inverness Airport Business Park (IABP). The new development will support the Co-op’s future store expansion and delivery network for stores in the North of Scotland when it opens in the late summer of 2018. The new IABP distribution centre will also ensure continued employment for the 40 staff at the site, which is located in the nearby Dalcross Industrial Estate, with potential for the creation of new jobs as the site develops following opening.

The new facility will continue to be serviced by double decker vehicles as opposed to single decker, resulting in fewer journeys reducing CO2 emissions and eliminating 1,800 road miles per day, making the Co-op’s logistics operation in Scotland a lot more environmentally friendly.

James Campbell, IABP chairman, said: “We are delighted to welcome the Co-op to Inverness Airport Business Park and look forward to working with them on the delivery of their new 12,000 sqft purpose-built distribution facility.

“Securing the Co-op as our anchor tenant very much sets the tone for what we are looking to achieve at IABP and the new facility is widely regarded as a ground-breaking development for Inverness and the Highlands. IABP provides occupiers with excellent transport links and connectivity by air, road and soon to be rail, with the proposed introduction of the Inverness Airport (Dalcross) Station.

“It’s a very exciting time for IABP and we are encouraged to see the continued growth and success at Inverness Airport and Tornagrain New Town as well as the major transport infrastructure projects already underway on the A96 and A9 trunk roads.”

Blog: Master-planning and future-proofing: making the transition to a low carbon city

low carbon stockAs it looks ahead to the Scottish Renewables Low Carbon Cities Conference in Edinburgh next week, the Scottish Cities Alliance said an ‘Infrastructure-first approach’ to energy developments is crucial.

How do we plan and create the infrastructure and regulatory frameworks for smart, sustainable cities of the future? The Alliance’s low carbon officer Amy Braddick will outline how we could do that at the Scottish Renewables Low Carbon Cities Conference in Edinburgh next Wednesday (22 February).

Amy will explore how we alter the existing structural and regulatory infrastructure in our cities to make them ready to adopt renewable and low-carbon solutions. This is Scottish Renewables’ first ever Low-Carbon Cities Conference which aims to explore the wide variety of opportunities for Scotland’s cities to embrace the transition to a sustainable, clean, green economy; reducing energy costs and tackling fuel poverty, while attracting low-carbon investment and jobs, and building Scotland’s industries of the future.

Amy will talk about the Alliance’s vital role leading projects across the seven cities to develop a common approach to district heating in new developments across their planning authorities. This includes a common approach to Local Development Plan policy and supplementary guidance to ensure consistency in messages from the cities on district heating.

To assess whether a new development should be required to take forward district heating, the project has developed an energy statement template to be completed. That enables the developer to highlight the technical and financial parameters they have considered in assessing the viability of district heating at a site. This is not only valuable information which demonstrates consideration of district heat but allows an early stage conversation to be held between the Local Authority and the developer. Where a district heating project is viable for the developer it allows the local authority to understand the details of the project at an early stage, influence its development and where opportunity may exist for retrofit of district heating in adjacent premises.

The Alliance is undertaking the third and final part of this project, to determine how an energy statement would be assessed, to review of the skills and resources in the local authorities to establish who would complete this assessment and what training, skills and resources would be needed to able to do this effectively.

The work completed to date has identified that planning has an important role to play in taking forward, as described in the recent planning consultation, an infrastructure first approach particularly related to energy. What is clear is from this project is that this cannot be done by planning alone. Although the project is not complete, the multi-stakeholder workshops have so far highlighted the need for support for planners, across the skills areas identified, to be able to review an energy statement that is both from in-house staff and from expert organisations.

The Alliance project is timely, as the Scottish Government has released the Local Heat and Energy Efficiency Strategy and District Heating Regulation Consultation which asks for views on bringing forward a regulatory duty for Local Authorities to produce Local Heat and Energy Efficiency Strategies. It is anticipated that these strategies would complement Local Development Plans in an authority area. In addition the Scottish Energy Strategy Consultation requests views on the formation of a Government Owned Energy Company which could among other activity could act to “support existing and new schemes and initiatives”.

The output of the Alliance project will be fed in to the skills and resources questions that are posed in the district heat consultation and will highlight if there is a need for support for activity such as energy statement reviews from the proposed Government Owned Energy Company.

In order to provide a real life context around the opportunities and challenges that these projects offer cities, Alastair Brown, director of infrastructure for Stirling Council will discuss the actions Stirling have undertaken and are planning to undertake including the development of planning for eat and the structures and support that are in place or are required, specifically for a city to take forward this type of planned approach.

‘Smart’ infrastructure projects revealed for Scotland’s cities

Intelligent Street lightingThe Scottish Cities Alliance has today announced the Smart City projects that will be taken forward in order to transform Scotland’s seven cities into world-leading digital hubs.

The Alliance, which is the collaboration of Scotland’s seven cities and the Scottish Government, aims to use Smart City technology to transform cities into digital hubs to enable them to become more internationally competitive and boost economic growth.

The Smart Cities Scotland programme aims to transform everything from street lighting to healthcare and from public safety to controlling energy use to make life smarter using open data.

Projects that have been given the green light include:

  • Smart Infrastructure – Intelligent Street lighting

Aberdeen, Perth, Stirling and Glasgow are piloting Intelligent Street Lighting which will deliver a range of benefits, including more controllable and efficient lighting, delivering energy savings and enhanced public and road safety. This will reduce CO2 emissions by using LED bulbs and sensors to control the lights.

  • Smart Services – Waste

Perth, Dundee, Edinburgh, Glasgow and Stirling will work collaboratively in order to deliver improved waste management services, including deployment of smart bin technology and innovative smart technology deployed in the waste management process to enhance waste and recycling collections through improved monitoring and sharing of data and information. Sensors in bins will alert waste management services to empty the bin only when full, improving efficiency

  • Smart Infrastructure – Innovation Labs:

An innovation hub in Perth will develop new businesses in the digital and creative sectors linking to research and education. The Hub aims to foster new businesses and encourage entrepreneurs; but within the facility the Innovation Lab will take this further in terms of developing smart city technologies and solutions.

  • Open Data operations

Cities will create data publication platforms with the introduction of data analytics which will allow cities to make evidence based decisions in order to improve services and delivery. This means more informed decisions will be made leading to efficiency.

Councillor Frank McAveety, leader of Glasgow City Council and chair of Future City Glasgow, said: “Glasgow, as lead city for this programme in Scotland, worked with our partners across the country both to submit this bid and show how the use of data can benefit us all socially and economically. Our success in pioneering smart city technologies is something we will continue to build on to deliver transformed services for residents, businesses and visitors.”

Cabinet secretary for economy, jobs and fair work, Keith Brown, announced £10 million of European Regional Development Funding for the project, which is to be matched with £14m from the cities, at the inaugural Smart Cities Scotland launch last year.

He said: “Through the Scottish Cities Alliance we are working to boost Scotland’s cities and make them smarter.

“That’s why I’m pleased to see this programme move into its delivery phase with the wide range of projects announced today set to make our cities more efficient and greener, as well as more attractive to potential investors.

“This £24m investment will use Smart City technology to transform our cities into world-leading digital hubs which will improve services and empower residents. I look forward to seeing how it can make our cities more internationally competitive and boost economic growth.”

Chair of the Scottish Cities Alliance, Councillor Andrew Burns, said: “We are delighted to announce the projects that will transform Scotland’s cities into Smart Cities, giving them the edge to attract more investment.

“By working together Scotland’s cities are utilising economies of scale to learn individually and share that knowledge collectively, to be at the cutting edge of Smart City technology and the benefits that brings. Our inter-city approach to developing Smart City solutions has been praised publicly by the European Commission and we have attracted the attention of other nations who are looking to emulate our collaborative model.

“By working together the Alliance partners share knowledge and are creating projects of scale that will deliver an economically stronger future for Scotland.”

Smart Cities Specifics

Smart Cities Q&A

Scottish Cities Alliance launches new PRS prospectus at UK property trade show

PRS prospectusA partnership which aims to attract investment into Scotland’s seven cities has showcased its new Private Rented Sector Prospectus to UK property developers during the MIPIM UK property trade show in London.

The Scottish Cities Alliance said the prospectus highlights the market opportunity for the Private Rented Sector (PRS) in Scotland and the supporting role of the Alliance for the further development of build to rent homes across the seven cities.

It outlines emerging policy developments and the supportive framework in Scotland to encourage further PRS investment.

MIPIM UK is the largest gathering of the country’s most powerful property players which takes place in London this week.

The Scottish Cities Alliance is a unique collaboration of Scotland’s seven cities (Aberdeen, Dundee, Edinburgh, Glasgow, Inverness, Perth and Stirling) and the Scottish Government, who are working together to create the conditions for attracting investment, stimulating economic activity and creating business growth across the cities.

Through collaboration with property market providers, key agencies and stakeholders on accelerating delivery in Private Rented Sector / Build to Rent (BTR) housing, the Alliance aims to secure PRS/BTR Housing to enhance the mix of housing available in Scotland’s growing cities to underpin sustainable economic growth.

The Alliance is joined at MIPIM UK by Homes for Scotland who recently announced further funding from the Scottish Government for the Build to Rent sector through the work of Private Rented Sector champion Gerry More. Gerry’s role involves driving forward initiatives to increase the supply of new purposed-build and energy-efficient properties to rent.

The aim of the Private Rented Sector is to create a sustainable community through the provision of communal spaces, providing excellent customer service, ensuring that management of apartments are to the highest standards, and providing amenities to meet the needs of the modern renter.

Cabinet secretary for economy, jobs and fair work, Keith Brown, said: “This government is determined to boost the supply of housing across all tenures, to help create vibrant neighbourhoods and quality, warm and sustainable homes.

“The private rented sector has an important role to play in the expansion of our housing supply. I am committed to continue to make Scotland an attractive place for investors to operate in the long term and for tenants to have a secure and stable home to live.

“Scotland continues to lead the way in the UK in developing innovative financial models, such as the PRS Rental Income guarantee, which is attracting large-scale investment and accelerating the supply of new homes across the country.”

Chair of the Scottish Cities Alliance, Councillor Andrew Burns, said: “The Scottish Cities Alliance is delighted to be attending MIPIM London 2016 with our partners Homes for Scotland to launch our new Private Rented Sector prospectus.

“We are supporting the development of our increasing Build to Rent sector in Scotland through our proposition development and ongoing collaborative work to achieve delivery of investible Build to Rent housing projects across our cities and regions.

“Scotland is open for business and the Alliance will continue to support and promote the good work of our seven cities in order to attract investment. The key objective of the Alliance is to drive economic growth in Scotland’s seven cities and it is important that we are part of events such as MIPIM UK so we can reach out to investors.”

Allan Watt, Dundee Waterfront project director, said: “Dundee City Council owns the vast majority of land in the central waterfront, which allows us to work closely with developers, investors and entrepreneurs to create great opportunities for the UK’s private rented sector to capitalise on the expansion of Dundee Waterfront. We are very entrepreneurial in our approach, and would urge interested parties to contact the Dundee Waterfront Development team directly to discuss their ideas.”

The Alliance is also showcasing a number of infrastructure projects as part of a portfolio of £7.5 billion investment ready opportunities across Scotland, including:


  • Aberdeen City Centre: The masterplan is designed to revitalise public transport and pedestrian links in the city. The Station Gateway forms an important part of that plan and will improve public transport, cycling and pedestrian connectivity around the station.
  • E-park Aberdeen: A commercial mixed-use 60 hectare development. Located near the airport, the first phase commenced earlier this year, which will include an exhibition and conference centre, three hotels and an energy centre. Its due for completion in late 2018.


  • New station and V&A Museum: The first V&A Museum of Design to be built in the UK outside of London is underway in Dundee and is due for completion in 2018. The city is also working closely with Network Rail to deliver a new station.
  • New Office, Resi and PRS scheme: Plans are progressing for a new grade two office space at two sites, one hotel and a PRS scheme.


  • The Inverness and Highland City- Region Deal: A £1 billion investment, positioning the area as a region of digital opportunity. This will play a significant role in securing long term productivity and economic growth.
  • £100m Inverness Campus: A 14.5 hectare plot comprising of 17 development sections providing a range of investment opportunities across a number of sectors including: health, creative industries, energy and business services.
  • £13m refurbishment of (British Land) retail park: This scheme is expected to create, 180 new jobs for the local economy. It will include three new restaurants – Frankie and Bennie’s, Nandos and TGI Fridays and new retailers. The refurbishment will improve customer facilities, reconfigure the car park and create better pedestrian links.


  • Grow on Space: The development of 10,000m2, comprising a new high quality office space particularly suitable for SME businesses at Forthside, Stirling’s 40-acre waterfront development.
  • Digital Hub: The city has plans to deliver 4,099m2 of dynamic, inspiring and collaborative space for businesses, students and academia in the historic municipal buildings in the heart of the city.


  • International Business Gateway:  IBG is a strategic development adjacent to Edinburgh Airport to the west of Scotland’s capital city The IBG extends to 105 hectares and current masterplans show some 232,000m2 of high quality business space, hotels capable of housing some 1,410 bedrooms and 2,350 residential units split between build for sale, build for rent (PRS) and affordable homes.
  • Edinburgh BioQuarter: A major biomedical, medical and science research campus adjacent to the Royal Infirmary of Edinburgh, (a 960 bed teaching hospital providing a full range of acute medical and surgical services),and University of Edinburgh Medical School (900 researchers and clinical teaching staff working across the full range of medical conditions). BioQuarter offers scope for significant further development of up to 230,000m2 of life sciences space plus 46,000m2 of ancillary space.


  • Glasgow Harbour: Situated on the banks of the River Clyde and the River Kelvin, Glasgow Harbour has a unique waterfront location just minutes from the city centre and is one of the UK’s largest waterfront regeneration projects. The 52 hectare (130 acre) integrated development, with an investment value of over £1.2 billion offers a wide range of commercial, office, residential and leisure development and occupational opportunities.
  • Collegelands: An extension of Glasgow’s Merchant City and a mere 500 metres from George Square, Collegelands sits on the corners of High Street and Duke Street. Located in a mixed use quarter close to the University of Strathclyde, the City of Glasgow College and the Glasgow Royal Infirmary. Phase 2 has already commenced with significant development opportunities exist for office, retail, restaurant and café space, hotel, residential and a student village.


  • PH20 Perth Food and Drink Park is an exciting initiative, which will strengthen the food and drink sector in Scotland through the provision of serviced development land and business support facilities. 25 hectares of serviced plots ranging from 1 to 10 hectares. Full planning permissions granted for Mixed Use development.
  • Broxden Development The development site at Broxden Business Park comprises 4.05 hectares of consented class 4 commercial land. It has an exceptional location, adjacent to the main junction of the A9, M9 and M90 motorway network, and six minutes by car from Perth City Centre. Ideally suited to a branded, limited service, mid-scale hotel, the site could readily accommodate between 60 and 120 bedrooms. The remainder of the site, will comprise mixed commercial and residential use.

Scotland’s seven cities call for historic new powers to shape economic future

Councillor Andrew Burns

Councillor Andrew Burns

The local authority leaders of Scotland’s seven main cities have issued a collective call for a new working relationship with the UK and Scottish governments to allow them to reach their full economic potential.

In a report, ‘Empowering City Government’, the city leaders say only a fundamental shake-up of existing arrangements will allow them to “compete with other cities close to home and globally”.

The report points specifically to the challenges that Scottish cities face from their English counterparts who are “gaining a competitive advantage” as a result of their City Region and Devolution deals.

Such deals, the report says, provides them with the ability to form new working arrangements with key partners.

Scotland’s cities contribute more than half of Scotland’s GVA and provide more than 60 per cent of the workforce.

The city leaders have published a four-point plan which, if given the go-ahead, would see the councils secure historic new powers over tax, spending and the development of massive infrastructure projects.

In its blueprint for unprecedented change, the local authority leaders call for a new cross-city partnership with the likes of Transport Scotland with cities sharing in key policy decision-making.

On housing, the cities seek greater power to deliver the Scottish Government’s affordable housing target, involving consultation on new policies set nationally, the local administration of new regional housing infrastructure funds (in addition to the new national housing infrastructure fund), a five year certainty over affordable grant levels and first refusal over all surplus public sector land for affordable housing.

The report also puts forward plans for closer working ties with other national infrastructure bodies, like Scottish Water and Zero Waste Scotland.

Leader of City of Edinburgh Council, Councillor Andrew Burns, said: “Scotland’s seven cities are committed to driving forward economic growth, so we can continue to promote ourselves on the international stage as attractive, modern places to invest and to carry out business with. The important research we have commissioned suggests that a new partnership is required if we are to reach our economic potential and meet the significant challenges that lie ahead.

“Fundamental to this new approach are a number of shared objectives which include improving connectivity and infrastructure, setting a diverse tax system across Scotland, improving our communities and a radical change to economic development. We firmly believe that by embracing these key changes we can ensure Scotland can compete economically with other cities close to home and globally.”

Councillor Burns said he wanted Scotland’s seven major cities – Glasgow, Edinburgh, Aberdeen, Dundee, Inverness, Perth and Stirling – to be given a clear, strategic role in directing investments to cities and city regions.

He said the new partnership would see local government, central government, national agencies and key business stakeholders working collaboratively to maximise the benefits from both local decision-making and joint working on prioritised national outcomes.

The city leaders said its agenda for greater growth would feed the country’s tax base and drive the Government’s economic vision for Scotland.

The plan calls for a new joined-up approach to foster enterprise and skills more effectively, and to be given a bigger say on migration policy in the context of supporting higher and further education.

And the city leaders also want a seat at the top table in the policy development and execution of new welfare powers, as well as more responsibility for creating polices around health and social care.

The group is calling for a meeting to discuss their proposals with both the Scottish and UK governments at the earliest opportunity.

Councillor Burns added: “We look forward to early discussions with both the Scottish and UK Governments to take this forward for the benefit of the whole of Scotland.”

Perth and Kinross Council leader Ian Miller cacked the call for new powers for Scottish cities.

Councillor Miller said: “I have stressed to my counterparts in the Scottish Cities Alliance the need for a radical approach to be taken to allow us to deliver the ambitions we have for our cities and wider regions. I am pleased that today the council leaders for the seven cities are coming together to call for the new powers which are required in areas like local taxation, and to ensure greater co-operation and joint working across all public sector agencies.

“Those new power will be essential if we are to achieve the prosperous and successful society for the Scottish people which we aspire to.”

Scottish Cities Alliance to pitch £7.5bn investment potential to worldwide market

Clyde Gateway Bridge

Clyde Gateway Bridge

The Scottish Cities Alliance is aiming to attract major external investment to Scotland’s seven cities, by showcasing its new investment Pitch Book to a worldwide commercial property market at MIPIM 2016 in March.

The Pitch Book will display over £7.5 billion worth of exciting investor-ready and pipeline opportunities across Scotland’s cities, which will deliver key projects, develop a highly skilled workforce and create thousands of jobs.

The Scottish Cities Alliance is a unique collaboration of Scotland’s seven cities (Aberdeen, Dundee, Edinburgh, Glasgow, Inverness, Perth and Stirling) and the Scottish Government, who are working together to create the conditions for attracting investment, stimulating economic activity and creating business growth across the cities.

The vast breath of opportunity outlined within the new investment Pitch Book highlights to the international property market that Scotland’s seven cities are modern places in which to invest and do business. Here are a few examples of the range of investment opportunities on offer:

  • Aberdeen Central – a £1.5bn, 25 year regeneration programme for various sites across the City Centre, which will include housing, office, retail and public realm.
  • Dundee Waterfront – a £1bn, 30-year redevelopment of a 240 hectare site, which includes the world-renowned V&A Museum of Design, due to open in 2018.
  • Edinburgh BioQuarter – home to a medical school, hospital and life sciences incubator, the next phase of this £1bn project will help bring it into the world’s top 10 for medicine and biomedical science.
  • Clyde Gateway – this 20-year, £2.7bn programme is Scotland’s biggest regeneration project, primed to build on the legacy of the successful Glasgow 2014 Commonwealth Games.
  • Inverness Airport Business Park – a £350 million masterplanned project with planning approval in place. 36 acres of serviced land is currently available for occupation.
  • PH20, Perth – a major mixed use hotel and leisure re-development that will propel Perth to the forefront of Scotland’s sport, conference and leisure opportunities by building a world class facility.
  • Kildean Business Park, Stirling – a mixed use, retail, hotel and leisure development situated adjacent to the highly successful Castle Business Park and J10 of the M9 motorway.

Cabinet secretary for infrastructure, investment and cities, Keith Brown, said: “I fully support the call to attract investment into Scotland’s cities. This Scottish Cities Alliance £7.5bn Pitch Book highlights the range of investor-ready and pipeline opportunities in our cities and city regions. The scale and scope of opportunities on offer is truly impressive. I call on the investment community to get behind this prospectus to and help us deliver future-proofed infrastructure and connectivity across our cities and their regions.”

Chair of the Scottish Cities Alliance, Councillor Andrew Burns, said:  “The key objective of the Alliance is to drive economic growth in Scotland’s seven cities. Part of our role involves promoting Scotland’s cities on the international stage as attractive, modern places to invest and do business. The recent Ernst & Young Attractiveness Survey 2015 named Scotland as the most attractive place to invest in the UK outside London. We can capitalise on this by showing potential investors that Scotland’s cities can work together to create attractive projects of scale.

“We are delighted to be launching our new Pitch Book at MIPIM, which is one of the largest and most important events on the international property investment calendar. Over 20,000 people, including thousands of investors from all over the world, attend MIPIM every year, so it is a fantastic opportunity to showcase our investor-ready projects to some of the most influential figures in the international property market.”

David Melhuish, director of the Scottish Property Federation, said: “We have long suggested that the key to attracting global capital to Scotland is to ensure that cities are visibly ‘open for business’, and that the opportunities for innovative partnerships with long term investment potential are visible to a wide audience.

“We welcome the idea of this pitch book as part of a series of measures to showcase the opportunities which are available in our cities and beyond.  We would also like to see a real estate forum created that would bring together government and the real estate sector to act as a catalyst to drive investment.”

Cabinet secretary highlights Scotland’s £10bn investment potential

Keith Brown visits MIPIM UK

Keith Brown visits MIPIM UK

Cabinet secretary for infrastructure, investment and cities, Keith Brown, visited the Scottish Cities Alliance stand at MIPIM UK yesterday, to speak to potential international investors to promote £10 billion of investment opportunities in Scotland.

Mr Brown underlined the importance of the public and private sector working in collaboration to attract investment money to Scotland’s cities, creating jobs and opportunities for growth. He also underlined the Scottish Government’s commitment to cities, which are “fundamental to our national success”, and account for almost 70 per cent of national output.

The minister said: “Attracting new investment and enterprise to Scotland and supporting those already here is critical to our future success.

“With the latest Ernst & Young survey showing Scotland remains the most successful part of the UK outside London in attracting foreign direct investment, Scotland is already an attractive destination for business and inbound tourism, and we want to open up Scotland to key and emerging markets to capitalise on the opportunities that exist for developments across cities and sectors.

“We want to build on that success, and the development and growth of our cities is fundamental to that.  Our cities are ambitious and the Scottish Government is committed to working with potential investors to optimise that growth for the benefit of the whole of Scotland.  So far, our cities have jointly developed £10bn worth of city investment plans, which are detailed within the Scottish Cities Alliance Investment Prospectus, which I urge everyone to have a look at.”

The Haymarket, Edinburgh. One of the developments that forms part of Scottish Cities’ £10bn investment package

The Haymarket, Edinburgh. One of the developments that forms part of Scottish Cities’ £10bn investment package

Mr Brown visited the MIPIM UK Scotland stand in advance of a delegation from the China-wide Property Developers Inward Mission to discuss the range of investment opportunities available across Scotland’s key cities.

The Alliance’s new online £10bn investment prospectus, available below, brings together leisure, office, residential and industrial investment opportunities available in Scotland’s cities.

Dundee Waterfront up against home of Corrie for regeneration accolade

Dundee V&A AerialThe £1 billion transformation of Dundee Waterfront, the third largest regeneration project in the UK, has been shortlisted for a prestigious award at MIPIM UK.

The Dundee project, spanning 240 hectares of land stretching 8km along the River Tay, is the figurehead for the ongoing regeneration of Dundee. It has been shortlisted for Regeneration Project of the Year, and will battle against Longbridge Town Centre in Birmingham and MediaCityUK in Manchester, the home of BBC North, ITV and Coronation Street.

The potential investments on Dundee Waterfront feature in the Scottish Cities Alliance’s £10bn Investment Prospectus, an online catalogue of available investment opportunities across the seven cities of Scotland. Dundee is part of the Alliance, a collaboration of Scotland’s seven cities and the Scottish Government working together to deliver economic growth.

Mike Galloway, director of city development at Dundee City Council, said: “As well as recently being named the coolest city in the UK, we’re pretty certain that Dundee is also the most exciting at the moment. The regeneration continues to progress to plan and to schedule. A number of new buildings are being developed, including H&H Properties’ residential development, the new railway station and V&A Dundee. A growing number of investment enquiries from businesses and entrepreneurs – many new to the city – should result in a range of new enterprises opening during the next few years.

“We might not have Coronation Street’s famous cobbles, but we believe there’s more than enough inspiring infrastructure in our own bid to excite the judges.”

The winners will be announced on 22 October, during MIPIM UK, the largest gathering of the country’s most powerful property professionals which takes place in London.

Scottish Cities Alliance launches £10bn Investment Prospectus

Councillor Andrew Burns

Councillor Andrew Burns

The Scottish Cities Alliance has issued a call to investors to tap in to the growth potential of Scotland’s cities ahead of MIPIM UK, the largest gathering of the country’s most powerful property players which takes place in London from 21 – 23 October 2015.

The Alliance will launch its new online £10 billion Investment Prospectus at MIPIM UK, which brings together the impressive range of leisure, office, residential and industrial investment opportunities currently available in Scotland’s seven cities and their regions. It underlines the innovative support available to investors and businesses and local authority commitment to enabling infrastructure improvements that will drive economic growth.

This is the second year the Scottish Cities Alliance,  the partnership between Scotland’s seven cities and the Scottish Government, will have a presence at MIPIM UK, and their recent announcement of £30 million investment in a landmark development in Perth city centre has been seen as a demonstration of the benefits of cities working collaboratively.

Councillor Andrew Burns, chair of the Scottish Cities Alliance, said: “Together Scotland’s city regions have a strong story to tell, and collaboratively we are making a significant impact in a very competitive environment. The new Investment Prospectus sets out our stall to influential players in the property market and is a showcase for the opportunities currently open to investors to unlock the future economic potential of a connected Scotland.

“It sends a clear, singular, message that Scotland is going for growth and reflects the public sector’s commitment to providing infrastructure for future investment, our low carbon and smart cities initiatives.”

Earlier this month the Scottish Cities Alliance launched its Smart Cities Scotland programme which aims to make city services more effective and environmental using data to do everything from managing traffic congestion in our cities to maximising energy efficiency through smart grid technology.

Aberdeen, Edinburgh and Inverness have this year submitted bids totalling £4.2bn for City Deal funding to stimulate investment in the city regions. Glasgow was the first Scottish city region to secure City Deal status, winning £1.2bn last year.

Aberdeen’s exhibition and conference centre is one of the highlights in the new prospectus. The design for the new £185m centre shows a multi-purpose arena, a range of conference facilities and a 200-bed hotel. Over the next 10 years the centre is expected to contribute an additional 4.5 million visitors, £113m of visitor spend and £63m net Gross Value Added (GVA) to the Scottish Economy.

Opportunities for developers, investors and a wide range of business ventures still exist at Dundee Waterfront, which has been shortlisted for a prestigious MIPIM UK award. The £1bn mixed use development spans 240 hectares of land stretching 8km along the River Tay and is the 3rd largest regeneration project in the UK.

Inverness is creating opportunities for organisations in the knowledge economy to co-locate and collaborate at Inverness Campus, one of the most ambitious projects in Scotland which opened earlier this year. The Campus occupies 215 acres of prime development land connected directly to 80 acres of an already thriving life sciences community. A recently announced £44m deal with developer Cityheart will see a 150-bed student accommodation complex built on the campus.

Also featured is the Food and Drink Park in Perth, a dedicated hub for this key growth sector in Scotland. Within Perth and Kinross, the annual turnover of the food and drink sector is estimated at £280m and the 16-acre site offers businesses space for expansion.

Perth also recently announced the new Thimblerow Development. This significant project will establish a mix of restaurants and bars, speciality shops, a cinema, gyms, housing, and a multi-storey car park which forms a cornerstone of the city’s wider plans to establish a new cultural quarter in the city centre.

And investors are being encouraged to look afresh at Stirling which is promoting a £200m city development framework focusing on key projects which will further develop the city as a place of heritage, vibrancy and modernity with a thriving creative and cultural sector and as a seedbed of talent and innovation.

Cabinet secretary for infrastructure, investment and cities, Keith Brown, said: “I fully support the Scottish Cities Alliance’s call to investors. The £10 billion development and investment prospectus launched today highlights the broad range of investment opportunities across our cities and city regions. I therefore call on the investment community to get behind this prospectus and help us to drive sustainable economic growth through the delivery of future-proofed infrastructure and connectivity across our cities and their regions.”