4 days ago
Iconic Edinburgh building joins the market with potential for new homes or hotel
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An iconic Edinburgh structure has joined the market, with potential for new homes and office space.
The former Scottish Widows headquarters, known for their hexagonal design, could also become student accommodation or hotels. The Dalkeith Road building spans over 200,000 square feet, is on sale though JLL, reports The Insider.
Existing planning permission is in place for selective demolition, extension and upgrades. Under these plans, the majority of the buildings will remain.
The approved plans outline the potential for a 174-apartment scheme, with 57 of the units to be designated as affordable. The majority of apartments incorporate private outdoor balconies or terraces.
The planning permission also allows for the remaining hexagonal office blocks to be extended and upgraded to create a new development, capable of accommodating life science and knowledge sector occupiers. The plans target BREEAM Excellent and EPC A ratings, with measures including the addition of solar panelling.
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Whilst there is a consented scheme to replace the existing building, further alternative uses may be considered, including student accommodation, build-to-rent residential, a hotel and serviced apartments.
Cameron Stott, head of Scotland at JLL, said: 'Edinburgh has a critical shortage of both housing and suitable office space for the knowledge sector.
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'The redevelopment of 15 Dalkeith Road has the opportunity address some of these requirements by delivering more homes and providing space close to the university in a stunning environment close to Arthurs Seat and Holyrood Park.
'We believe 15 Dalkeith Road could attract international investment and development into the city bringing jobs and opportunity for the wider community.'
The site lies within the urban area designated by the City of Edinburgh Council's City Plan 2030, bringing other uses for it supported in by building purpose-built student accommodation and leveraging its close proximity to the University of Edinburgh's Holyrood campus.
