With demolition across the £1 billion Edinburgh St James site continuing to progress well, TH Real Estate, alongside main contractor Laing O’Rourke, has reaffirmed its commitment to Edinburgh by announcing new investment figures today.
To date, the 1.7m sq ft scheme has sourced £24 million of construction value locally – from within 100 miles of the project.
In addition to this, from just over 1,000 people inducted on site since demolition began, 78 per cent have been employed from the local area, ensuring that employment opportunities have been delivered for local people. Upon completion, Edinburgh St James is anticipated to deliver over 3,000 new full time jobs in a variety of sectors, further supporting the city’s job market.
Martin Perry, Director of Development, TH Real Estate, said: “We are delighted with the substantial demolition progress already made on site and the significant positive economic contribution the scheme is making to the city, even at a relatively early stage of the development. These new figures are a real testament to this, and our ongoing commitment to put Edinburgh first, from construction through to the operation of the completed scheme in 2020.”
Notes to Editors
Together For Edinburgh is a city-wide partnership working towards the regeneration of the East End of Edinburgh. Led by Edinburgh St James and Laing O’Rourke, the partnership is supported by the City of Edinburgh Council, Scottish Futures Trust and the Scottish Government.
Designed by Allan Murray Architects, the 1.7 million sq ft Edinburgh St James scheme will see the 1970s shopping centre currently on site replaced with 850,000 sq ft of retail space, a luxury hotel, up to 150 new homes, 30 restaurants and a multi-screen cinema.
A world-class example of city enhancing place-making, Edinburgh St James is one of the UK’s largest and most significant regeneration projects. Construction started in 2016, with completion due in 2020.