Detailed plans have been submitted for the redevelopment of the 550,000 sq ft Fort Kinnaird retail park near Edinburgh.
The £480m park forms part of the retail park partnership set up in April between the Hercules Unit Trust, which is 36.6% owned by British Land and managed by Schroders, and the Crown Estate.
The plan will see the redevelopment of retail units on the site of a former tea factory and an Odeon cinema which is to close. Several new restaurants will be added to the park, as well as improvements to its public spaces and the creation of a new priority bus route.
Renewable energy sources will also be added in the form of a 15m wind turbine and solar panels.
Mark Stirling, director at British Land Property Advisers, said: ‘Our investment throughout Fort Kinnaird will significantly enhance the park’s facilities and improve the shopping experience for visitors.
‘By investing in mechanisms to deliver sustainable energy we will help to both reduce long-term costs for our tenants as well as the burden on the local environment.’
