Dundee Waterfront is one of the largest active regeneration projects in the UK, covering 5 key zones along an 8km stretch of Dundee’s waterfront. The primary investment opportunities are within the Central Waterfront which includes a number of sites which are wholly owned by Dundee City Council and are “shovel ready”.
Development at Dundee Waterfront is based on the solid foundations of a visionary masterplan. Significant public and private investment has already been made to develop the necessary infrastructure; serviced sites for development; civic space at Slessor Gardens; a new railway station and V&A Dundee. Development to date adds to the attractiveness of the city and its waterfront as an investment opportunity.
Dundee Waterfront offers a variety of investment opportunities across
5 development zones:
• Riverside: Transport, Leisure and Residential
• Seabraes: Creative Industries and Residential
• Central Waterfront: Commercial, Residential, Retail, Leisure and Hospitality
• City Quay: Commercial, Residential and Leisure
• Dundee Port: Industrial/Renewables and Decommissioning
Central Waterfront: The Central Waterfront provides a range of opportunities which are varied and include: mixed use, infrastructure, commercial, residential, retail, hospitality and leisure.
A total of 155,842m² of floorspace will be created across 9 development sites within the central waterfront. This will create 89,287m² of commercial space, including 4000m² for hotels, 42,155m² of residential space, which will create approximately 500-850 flats and 19,880m² of active ground floor space for boutique retail, cafes, bars and restaurants.
Seabraes: Opportunities are also available at Seabraes (site wholly owned by Scottish Enterprise) for both creative industries and residential developments.
City Quay/Dundee Marina: Independent studies identify that a modern marina in Dundee of circa 300 to 400 berths could provide for a sustainable and viable marina business. This in turn would meet current and future boating demands in a niche area of the East Coast of Scotland. Accordingly, Dundee City Council is committed to providing key infrastructure projects for the marina.
Development of the Central Waterfront is phased, with a number of plots available for immediate development, subject to planning permission. The Central Waterfront has welcomed V&A Dundee, a new railway station, Slessor Gardens and The Earl Grey Building. A proposal has been submitted and approved for Site 2 to see the development of Studio Dundee co-working space, 117 build to rent apartments and urban offices. This project has attracted £3M funding from the Tay Cities Deal. A proposal of application notice has been submitted for the future development of Site 10, for a mixed-use development consisting of office space, active ground floor uses and leisure.
A pro-active approach to developer, investor and end user stakeholders is a key feature of this opportunity.
Third most active regeneration project in the UK
Total Site area: 240 hectares over 8km of waterfront
Circa £800m invested to date, with total investment of over £1B sought
Project creating 7,000 jobs
Detailed Information, including development briefs for each site is available at: dundeewaterfront.com
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