CBRE markets ex-brewery site

Lloyds Banking Group has asked CB Richard Ellis (Scotland), to market more than 13 acres of city centre development land in Edinburgh. The prime canal-side site was previously a Scottish & Newcastle brewery and is next to Edinburgh’s Exchange district and 10 minutes’ walk from Haymarket train station and Princes Street.

Lloyds won planning permission in principle earlier this year for a major mixed-use development including retail, leisure, residential, hotel and student accommodation.
The consent allows sufficient flexibility to enable individual uses to increase or decrease in size, dependent on market conditions.

The bank has already agreed to sell two acres of the site to Napier University and, as part of the first phase of development which will see several new public areas, a park will be created at the heart of the scheme.

Stewart Taylor, CB Richard Ellis (Scotland) director of business space, said: “This is one of the last large city centre brownfield sites in Edinburgh and with the flexible consent in place it offers developers the opportunity to deliver a truly mixed-use scheme, minutes from established prime commercial and residential districts.”