Cater Group, which confirmed the acquisition of 84-88 Guild Street last month, also plans to include around 16,150sq ft for commercial and retail space.

Client executive of Cater Group, Glen Smith, said at the time: “It’s great to announce the acquisition of this site, it’s such a fantastic location in the heart of the city centre. This is a milestone for Cater Group, and an exciting opportunity to contribute to the regeneration of Aberdeen City Centre.”

A proposal of application notice has now been submitted to Aberdeen City Council, indicating its intent to lodge plans for the major development.

Cater plans to hold a public consultation on designs for the site online this month.

A spokesperson told Scottish Construction Now: “We hope this landmark development will work in great synergy with other regeneration projects such as Union Terrace Gardens and Aberdeen Art Gallery, to breathe life back into the city centre.”