Expresso Property concludes missives for £30m Perth leisure hub
Work to develop on a new landmark mixed leisure scheme in Perth are due to commence next year after Expresso Property Ltd concluded missives on The Mill Quarter site.
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 as well as a 205 space multi-storey car park and 58 new apartments.
The scheme has been designed by Holmes Miller Architects.
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 £30 million, creating around 126 new jobs in Perth on completion.
Nick Robinson of Expresso Property, the developer of The Mill Quarter, said: “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 added: “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 currently developing Park Quadrant Residences, a 98-apartment development in Glasgow’s West End, in conjunction with its development partner Ambassador Developments (Park Quadrant) Ltd.
It has also been named by Scottish Enterprise as the preferred developer for a new mixed-use development at Pacific Quay.
The company 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.