The redevelopment of the former Scottish & Newcastle bottling and distribution plant in Edinburgh, which is being created in the Fountainbridge area of the city, will be known as Springside.

The plans for the project, which is a joint venture between Grosvenor, AMA and the Royal Bank of Scotland, were announced last night at Edinburgh Castle.

The scheme is one of Edinburgh’s largest regeneration projects in more than half a century.

When complete, the eight-acre Springside quarter will provide 650 new homes and 160,000 sq ft of employment space.

The first development phase, which incorporates a public park, central courtyards and two avenues linking Fountainbridge and the West Approach Road, was approved by the City of Edinburgh Council earlier this month.

John Irvine, director of Grosvenor, said: ‘The name Springside reflects the rich heritage of Fountainbridge and marks the area’s association with the underground water source known as the charmed circle.

‘Springside will be a place for people to work, live and visit. It will unlock an area of the city which has effectively been closed to the people of Edinburgh for more than a century.’