Interserve’s sale of The Haymarket could move Edinburgh project on

The Haymarket, Edinburgh

Delayed £200m scheme is likely to progress with the existing development manager and a new partner.

Property Week understands that JLL, which is marketing the scheme, is inviting bids of more than £30m for the site, which has planning permission for 370,000 sq ft of office space, 54,000 sq ft of retail and leisure space, a 190-bed hotel and an aparthotel. 

The proposed scheme is in a prime location next to a major transport hub and will come on to an office market characterised by strong demand and constrained supply. But the site has proved troublesome for Interserve and joint venture partner Tiger Developments, which have had to contend with the delays caused by work to strengthen railway tunnels under the site.

So how easy will it be to find a buyer?

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