Opportunity

Dundee: Waterfront


Key Sectors: Commercial/office, Industrial and manufacturing, Retail & leisure, Urban Residential

OVERVIEW

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.

FIVE STRATEGIC DEVELOPMENT ZONES

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.

CURRENT STATUS

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.

SUPPORT FOR INVESTORS

A pro-active approach to developer, investor and end user stakeholders is a key feature of this opportunity.

QUICK FACTS

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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