New proposals for one of Edinburgh’s largest development projects in over a decade have been unveiled.

The New Town North development, which is set to transform the 5.9-acre former Royal Bank of Scotland site, which sits between Dundas Street and King George V Park, in Edinburgh’s New Town, is being delivered by property company Ediston on behalf of Orion Capital Managers whose fund bought the site in May 2019. 

The proposed scheme will include a high-quality mixed-use development replacing existing buildings with up to 100 new homes, 200 build-to-rent apartments, 100,000 sq ft of premium office space and a new hotel, together with a range of local amenities. Accessible and landscaped open space with pedestrian walkways linking to the park and neighbouring streets will also be created.

Ross McNulty, Development Director at Ediston, said: “The consultation process is progressing well, and we are enjoying constructive and direct dialogue both with our immediate neighbours and the City of Edinburgh’s civic stakeholders.

“From our discussions with the local business community, we are aware of the impact that a large redundant site can have on the local area – and the huge potential of creating a new attractive destination and focal point for the area. Our research shows the significant investment benefits that a high-quality new development would bring to the Edinburgh economy, as well as helping to meet the pressing need for high quality new homes, offices and local amenities.”

Upon completion the development would create more than 700 full-time jobs whilst generating an annual GVA (Gross Added Value) economic uplift of £34.4m to the regional economy. During the construction phase 60 full time jobs would be created and a further £27.7m GVA at a regional level.