01-08-2025
- Business
- The Herald Scotland
Hotel developer gets public contribution cut after mistake
The City of Edinburgh Council said payment recalculation of around £75,000 relates to the redevelopment of a former Debenhams on Princes Street.
It is for the planned first Zedwell hotel, with 328 conventional rooms and 350 capsule pods, rooftop bar and retail space at ground level.
A report to councillors showed they had "resolved to grant planning permission, subject to the conclusion of a legal agreement for developer contributions, including the net sum of £237,648 towards tram infrastructure".
The report continued: "However, the correct net tram contribution sum is £162,111. This is due to previous errors in the figures for the existing and proposed tram contributions."
The council report added policy "requires contributions to the provision of infrastructure to mitigate the impact of development".
It added: "The Action Programme and Developer Contributions and Infrastructure Delivery Supplementary Guidance sets out contributions required towards the provision of infrastructure."
The report continued: "Developer contributions towards tram infrastructure were originally based on a figure of £811,854 for 11731.87 square metres of existing retail."
It pointed to: "There was also an error in the calculation for the proposed scheme - the figure of £1,049,50 based on 328 bedrooms and 719 square metres of dormitory style rooms. This figure should be £1,004,208."
It added: 'An amended legal agreement is necessary to secure the correct total infrastructure contribution of £375,393. The previous total contribution calculated was £450,930.'
Fashion giant opens first branded Teen store in Scotland
A global fashion giant is today opening its first branded store in Scotland specifically directed at young people.
Mango is launching its newest store, which will also bring new jobs to the country's largest city.
The store brings Mango Teen to Scotland for the first time, "strengthening the brand's growing presence across the UK".
Mango today opens Mango Teen store in Buchanan Galleries, Glasgow creating 10 new jobs.
Around the Greens ⛳
Scotland's newest golf course opens for play today
This article appears as part of Kristy Dorsey's Around the Greens series
The driving force in the creation of what is widely regarded as Canada's top luxury golf destination, Ben Cowan-Dewar began his career as a golf tour operator and moved into resort development with the 2012 debut of Cabot Links on Cape Breton, a tiny island near Nova Scotia.
