{"id":47339,"date":"2018-09-20T14:00:04","date_gmt":"2018-09-20T13:00:04","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=47339"},"modified":"2018-09-20T14:00:04","modified_gmt":"2018-09-20T13:00:04","slug":"scotlands-biggest-city","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/scotlands-biggest-city\/47339\/","title":{"rendered":"Edinburgh to overtake Glasgow as Scotland’s biggest city"},"content":{"rendered":"

Edinburgh is due to outstrip Glasgow within the next 15 years to become Scotland\u2019s biggest city, the chief executive of the Scottish capital\u2019s council has said<\/h2>\n

In the opening keynote presentation at a Built Environment Networking<\/a> event, Andrew Kerr said that by 2050 Edinburgh\u2019s population is population is due to grow by half.<\/p>\n

He said that based on these projections, the Scottish capital will overhaul Glasgow by 2032 as the population of what is currently the country\u2019s biggest city shrinks.<\/p>\n

Kerr said that unlike some other major Scottish cities, Edinburgh\u2019s major priority is regeneration not growth with the city not delivering sufficient grade A office space or housing.<\/p>\n

But he said Edinburgh has \u2018huge opportunity\u2019 to grow around Granton in the east of city, which he described as the \u2018largest under developed waterfront in Europe\u2019.<\/p>\n

Delivery in this area, where the council owns around 90% of the land, would be easier than to the west where a number of major land holdings have to be brought together, Kerr said: \u201cThe east will go quicker because we have more control. It\u2019s a fantastic opportunity and where Edinburgh is going to go.\u201d<\/p>\n

He added that the council is due soon to make a decision on \u00a3165m plans to extend the city\u2019s tram network to the waterfront area.<\/p>\n

Craig Sanderson, chief executive officer of Edinburgh-based Link Housing<\/a>, said the social landlord is discussing the establishment of a joint venture to build in the waterside area with the Port of Leith.<\/p>\n

This would help to deliver Link\u2019s plans to build 3,200 new homes over the next five years- a 50% increase in the 55-year association\u2019s total stock.<\/p>\n

Chris Perkins, head of business space at M&G Real Estate, revealed that the fund manager is drawing up a revised masterplan for its Haymarket development.<\/p>\n

He described the scheme, which is located on a four-acre site next to the recently refurbished railway station of the same name, as \u2018the most important scheme within the city over the next three to five years\u2019.<\/p>\n

Perkins said the scheme, which includes three Grade A office buildings totalling 350,000 sq ft, 40,000 sq ft of retail and leisure space, a 190-room hotel and a 172-room aparthotel, will be worth \u2018well over\u2019 \u00a3250m.<\/p>\n

He said that any revisions to uses and massing would be in line with the existing masterplan with work is due to start on site in the second quarter of 2019.<\/p>\n

Reflecting the continued strength of the office market in Edinburgh\u2019s central business district, the length of rent-free sweetener periods being offered in the city had declined from 18-24 months to 12, Perkins said: \u201cWith an increasingly diverse occupier demand we are seeing rental growth moving into the mid 30s and expect to see that continue in the next few years.\u201d<\/p>\n

David Peck, managing director of Buccleuch Property, told delegates that the uncertainty surrounding Brexit is \u2018weighing on commercial decisions\u2019,<\/p>\n

\u201cIt\u2019s definitely creating a little bit more caution and decisions are taking longer. The next three to six months going to hopefully provide clarity.\u201d<\/p>\n

He said that many institutions and overseas buyers, \u2018awash with cash\u2019, are continuing to buy but that banks are \u2018incredibly reluctant\u2019 to lend.<\/p>\n

Peck said the company\u2019s developments include 700 acres at Shawfair in Edinburgh\u2019s south east wedge, which he described as \u2018possibly the largest urban extension in Scotland\u2019.<\/p>\n

He said more than 1000 housing units at the site are already complete or have secured detailed consent with another 400 homes going through the planning process.<\/p>\n

Peck said the next \u2018key challenge\u2019 is to bring forward the town centre and a mix of uses around the site\u2019s new railway station, which is on the recently re-opened line between Edinburgh and the Borders.<\/p>\n

He also highlighted a mismatch in supply and demand for research space around Edinburgh, pointing to research recently carried out by consultants Ryden. This had showed a \u2018significant shift\u2019 in occupier demand towards \u2018sui generis\u2019 uses, like health care and research & development, which are not recognised by councils as employment.<\/p>\n

They were all speaking at the Built Environment Networking<\/a> event in Edinburgh.<\/p>\n

Article courtesy of – Built Environment Networking<\/a>.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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