Scottish Mixed-Use Scheme Wins Approval

20 December 2010 (Last Updated December 20th, 2010 18:30)

Ireland-based Tiger Developments has secured full planning approval for a £200m ($311m) mixed-use scheme in Edinburgh, Scotland. The revised scheme comprises 60,000m² of offices, a 240-bed hotel, and 502m² of retail space, with 381 car parking spaces. Construction

Ireland-based Tiger Developments has secured full planning approval for a £200m ($311m) mixed-use scheme in Edinburgh, Scotland.

The revised scheme comprises 60,000m² of offices, a 240-bed hotel, and 502m² of retail space, with 381 car parking spaces.

Construction is expected to begin in 2012.

Tiger Developments is currently pursuing funding to proceed with the project, according to the Irish Examiner.

Earlier plans for a 17-storey hotel tower were rejected by Scottish ministers.

The developer purchased the four-acre Haymarket development site from the City of Edinburgh Council in 2006 for a reported €60m ($78.81m), which was funded by Irish Nationwide.