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Wednesday 30th of April 2014
Car Hire Edinburgh Airport think the new plans for the shopping area sound fantastic and can’t wait for them to finish.
There are new plans available for the £850 million St James Quarter development, which wants to create a shoppers paradise in the heart of Edinburgh. It will replace the current St James Centre, which is due for demolition. It is aimed at transforming the city’s sales sector from flagging into a major retail force.
Three levels of shopping will be accompanied by premium office space, a theatre and 138 flats with spectacular views. It is predicted this development will add £25 million to the Scottish economy each year.
Council leader Andrew Burns said, “There is no doubt that in almost every economic arena Edinburgh punches above its weight but the one area where it could do better is in its retail offer. I’m entirely confident that this St James Quarter – as it will be known – will draw us up to comparable status with our major competitors and that has got to be extremely good news.”
Essential Edinburgh chairman Andy Neal, “Everything that’s going to happen with the St James Quarter is exactly as it should be and exactly what you would want to see. But it’s not just shops, there is a tremendous mix including restaurants, hotels and a cinema. It’s right next to Multrees Walk, which is doing really well, by delivering those top-end products. There will be a step up in retail offer but, from my point of view, its retail plus a great experience.”
There is a major finance package in place to get the development under way, which has stalled since economic uncertainty in 2009. With £61 million from the Scottish Government added to the fund, which is under majority control of private firm TIAA Henderson Real Estate who own the site.