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November 6 2014
Construction work has got underway at New Waverley, a £150m mixed use development in Edinburgh’s Old Town, with McAleer Rushe commencing delivery of two Premier Inn hotels, earmarked for completion by 2016. And we are also receiving significant interest from the food, beverage and restaurant sectors – particularly around existing areas of the development such as The Arches – ahead of the office launch in the New Year.”
A 146 room Adagio Aparthotel is currently out to tender and will move on site before the year is out. Lukas Nakos, managing director of developer Artisan Real Estate Investors, said: “We are now starting to create, in the very heart of Edinburgh, an exciting and vibrant mixed-use community which will set an international benchmark for sensitive and innovative development. Designed by Alan Murray Architects the master plan will ultimately play host to 16,500sq/m of office space, 28 shops, a community centre and 185 flats – all arranged around a central public square.