Kilmartin Property Group has submitted a planning application for £20m residential redevelopment of 15 acres in Perth, Scotland.
The Cherrybank site will be developed into 122 residential units, a 65-bed care homes, a 38-bed hotel and 25,000 sq ft of business units.
The application, in partnership with KW Properties, is now being considered by Perth & Kinross Council.
Assembling the site
Kilmartin assembled from two separate properties, a 30,000 sq ft office building bought from the Bank of Scotland and a Norwich Union staff training centre bought from Land Securities Trillium.
The mixed-use scheme is the latest in a line of projects for Edinburgh-based Kilmartin in Perth.
'This £20 million investment underlines our commitment to Perth and follows the successful delivery of our projects at Inveralmond roundabout, Crieff Road, Broxden Business Park and our new shopping street planned for the Town Centre,’ said Kilmartin director Nick Ball.
Kilmartin hopes to begin construction in the summer.