Muse lodged £107m Aberdeen city square scheme


Muse lodged £107m Aberdeen city square scheme


The scheme dubbed as the Marischal Square development will transform Aberdeen’s former council HQ site.


The project will see the creation of 175,000 sq ft of offices with 250 car spaces, a four-star hotel, retail, cafes, restaurants and civic spaces.


More than 4000 people participated in a series of public consultations over the plans to redevelop the city square.


Concerns were raised over Marischal Square's impact on nearby landmarks including Marischal College and Provost Skene’s House.


The Muse developers will take over the vacant site later this year with an aim to complete the scheme by 2017.


The project is forecasted to create 300 technical jobs during the construction phase and support around 1500 long-term jobs.


Muse’s regional director for Scotland, Steve Turner, said: “This is obviously an
important stage for the project and we are delighted to be in a position to
submit a planning application which we believe has the potential to make a long-term positive impact on the economy in Aberdeen.”


Aviva Investors is fully funding the project, which involves the demolition of the St Nicholas House site.


The funding agreement will see Aberdeen City Council lease the development and receive the rental profits for 35 years, following which the site and development will be handed over to the Council.



Photo Source: Construction Enquirer