EXPRESSO PROPERTY CONCLUDES MISSIVES FOR THE MILL QUARTER, PERTH
Expresso Property Ltd has announced that it has concluded missives on The Mill Quarter site, a brand new landmark mixed leisure scheme with residential apartments. The scheme will be a catalyst for economic change in Perth and will significantly transform the City’s visitor destination offer on completion. Construction works are due to commence in 2018 with works due for completion in summer 2019.
Mill Quarter is a new leisure hub at the heart of the City, comprising a state of the art multi-screen cinema: a mix of bars; restaurants and speciality shops, a 205 space multi-storey car park and 58 new apartments.
During the construction phase, the scheme will support 200 jobs, (107 direct construction jobs and 93 indirect supplier jobs), and will have an end investment value of £30m, creating around 126 new jobs in Perth on completion. The scheme has been designed by Holmes Miller Architects.
Nick Robinson of Expresso Property the developer of The Mill Quarter commented, “We are delighted to announce we have concluded missives for The Mill Quarter site from Perth and Kinross Council. The next stage is to obtain planning and we hope to apply shortly in the hope that construction works will begin in the first half of 2018.”
Stephen Hampshire of Expresso Property said, “With the support of Perth and Kinross Council, Invest in Perth and designers of the scheme Holmes Miller Architects, we are pleased to be providing this new landmark leisure hub and also to play our part in creating over 300 jobs. The Mill Quarter development is a catalyst for change that will drive Perth’s economic growth and give the City’s residents a brand new leisure destination to be proud of”.
Councillor Ian Campbell, Leader of Perth & Kinross Council, said: “The Mill Quarter development is an exciting opportunity to develop and enhance Perth’s leisure offering for residents and visitors, and I’m pleased to see the project reach this milestone. Expresso Property has identified the city as a positive location for growth and investment, and this sends out an important signal to existing and potential investors that Perth is the place to be.”
Located in the heart of City of Perth, The Mill Quarter will also offer immediate access to the City’s main transport links as well as several bus routes and is within easy walking distance from its main retail and leisure zones.
York-based Expresso Property, is funded to purchase schemes ranging from £1m to £50m, and has various UK schemes underway, comprising three major Scottish projects including The Mill Quarter, Perth. Expresso Property in conjunction with its development partner Ambassador Developments (Park Quadrant) Ltd is developing Park Quadrant Residences, a 98 apartment luxury development in Glasgow’s West End. Expresso Property has also been named as the preferred developer, by Scottish Enterprise, for a new mixed-use development at Pacific Quay.
Expresso Property is looking to acquire further commercial, residential, retail, development propositions and offices, from Bath and Bristol to Birmingham to include Nottingham, Sheffield, Manchester, York, Leeds and all major cities in Scotland.
CGI shows: The Mill Quarter is a new leisure hub with cinema, restaurants, parking and 58 residential apartments to be built in the heart of Perth by developer Expresso Property and will transform Perth’s visitor destination offer.
For more information on developments by Expresso Property, please visit www.expressoproperty.co.uk
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Expresso Property is a UK-based real estate company of creative property developers and consultants, bringing together over 70 years of experience in residential, retail, leisure
, office and urban regeneration developments. Expresso Property specialises in the successful delivery of property investment and development services. The skill set of our team enables us to craft schemes that deliver high-value bespoke results for our property portfolio and investors. Our activities are undertaken across the UK, with a pipeline of current projects of more than £100m, spanning all sectors.