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Council accord with Haymarket developer paves way to employment

 

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Edinburgh Haymarket Developments Ltd, the developer delivering The Haymarket project, is the first major employer in Edinburgh to sign an employment Accord with the City of Edinburgh Council.

This demonstrates their commitment to working directly with the city’s Joined Up for Business partners as part of the Edinburgh 12. The aim is to establish a single point of contact between employers and Joined up for Business partners allowing early sight of jobs and training opportunities associated with developing the site, giving time to help them prepare potential candidates from the city’s priority groups, including young people.

The Edinburgh 12 is an initiative that was launched by the Council to help progress strategically important gap sites within Edinburgh City Centre. Within five years these developments have the potential to deliver over 20,000 jobs, 1.5m sq ft of office space and 1600 hotel bed spaces.

The Council hopes to encourage all of the Edinburgh 12 development sites in the city to follow this example and sign up to an Accord.

This proactive engagement with employers aligns well with the recommendation from the Wood Commission Report, Developing Scotland’s Young Workforce. In the report schools, colleges, training providers and employers are being asked to work together to improve the employability aspirations of young people – and this type of relationship will contribute to that by providing credibility for young people that there are opportunities out there for them.

The Accord will complement existing employer engagement programmes includes the Council’s JET programme and the Edinburgh Guarantee.

Cllr Frank Ross, Convener of the Economy Committee, said: “I am confident that this will be the first of many Accords we sign with the Edinburgh 12 developments across Edinburgh. It is particularly important that we help to keep driving down the claimant rate of youth unemployment, which is already significantly lower than the national and UK average at 2.6 per cent.

“Ensuring that Edinburgh’s young people have opportunities is vital for the economic success of our city. If all Edinburgh 12 sites are delivered this will provide 20,000 jobs and commitments such as this will help the Council and its partners to provide employers with suitable and appropriate, well trained staff.”

David Westwater, Development Director from Interserve, one of the joint venture partners behind Edinburgh Haymarket Developments Ltd, added: “We are now progressing what we believe to be one of the best city centre development schemes to be found anywhere in the UK right now.· This presents many training and employment opportunities for young people here in Edinburgh and we want to ensure, as much as possible, that our local community benefits from our ongoing investment in the site.

“The construction project alone will be worth £150 million and will be delivered by Interserve’s local construction team, based in Livingston, employing around 250 staff employed either directly by the company or by specialist and local sub-contractors. ·Around 80 per cent of the staff employed directly by Interserve on The Haymarket will come from within a 50 miles radius of the project.”




 

Hotel agreement set for Edinburgh’s West End. Interserve scores a ‘hat-trick’ of deals with Whitbread’s Premier Inn during last 12 months


31st October 2014

International support services and construction group Interserve has announced a major hotel deal with Whitbread PLC for a new Premier Inn hotel in the West End of Edinburgh.

The 150-bedroom hub by Premier Inn hotel will be developed and built by Interserve on a site in Torphichen Street. This will be the third major city-centre development scheme involving Whitbread’s Premier Inn which Interserve has secured over the last 12 months. Whitbread’s Premier Inn is the UK’s biggest hotel brand.

Welcoming the announcement, Interserve executive director Dougie Sutherland said:

“This is another fantastic development scheme in Edinburgh and sits comfortably with the Haymarket site that we are already developing.·The scheme also reflects the successful partnership that we have built with Premier Inn and we are now developing two sites in Edinburgh and one in Newcastle for them.·Interserve is now one of Premier Inn’s largest UK partners.”

The hub by Premier Inn is Whitbread’s innovative compact hotel format which made headlines this month by launching a new app allowing customers to book, check-in and even dim the lights and adjust the temperature of their hotel room.

Kevin Murray, Senior Acquisitions Manager for Whitbread Hotels and Restaurants added: “Our proposed new 150-bedroom hotel in Torphichen Street marks our third hub by Premier Inn deal in the city and sees us move into Edinburgh’s financial district. The new hub by Premier Inn represents an £11.4m million investment in the city and the creation of 35 new jobs for the local area, around half of which will be offered to those who have been long-term unemployed.

“This is another outstanding deal for Whitbread – expanding the development pipeline for our new hub by Premier Inn format, ahead of its launch this November, and marking our third deal with Interserve.”

Interserve has completed the purchase of the site and submitted a detailed planning application. As a result, work is anticipated to start on site by early summer 2015.

Interserve has secured a full, forward-funding deal from Aberdeen Asset Management to purchase and fund the development on a turnkey basis for Premier Inn.

For the Torphichen Street deal, Dougray Smith and Burness Paull acted on behalf of Interserve, with Jones Lang LaSalle and CMS Cameron McKenna acting for the funders.


Issued by Interserve Corporate Communications. For further information, please contact the Interserve Press Office:

0118 932 0123
press.office@interserve.com

Notes to Editors:

About Interserve
Interserve is one of the world’s foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and listed in the FTSE 250 index. We have gross revenues of £3.4 billion and a workforce of over 80,000 people worldwide. For more information, visit

www.interserve.com




 

Haymarket tunnels strengthening revealed as site is prepared for new development


July 28, 2014

Contractors strengthening Edinburgh’s Haymarket railway tunnels in preparation for a major regeneration project have released the first images of the underground works.

A team of up to 40 specialists is working through the night over 14 months to carry out the job, ensuring there is no disruption to rail services on one of Scotland’s busiest routes.

The site above the tunnels will be home to The Haymarket, a £200m development of retail, offices and hotels, with an underground car park being developed by Edinburgh Haymarket Developments Ltd, a joint venture between Interserve - the international support services and construction group - and Tiger Developments. It is one of Edinburgh’s biggest commercial projects of the last 10 years and is expected to create around 3,500 jobs.

Interserve Development Director, David Westwater said: “This work is the main challenge before we can begin construction above ground. It will be early next year before we can do that, but then people will soon start to see the development taking shape. After such a long time as a gap site, we’re very excited about what The Haymarket has to offer and how it will help to create a real gateway at Edinburgh’s west end.”

Angus MacGregor, BAM Ritchies’ Project Manager, said: “We are very well experienced in complex rail projects but every situation is unique, so we’ve had to develop a very specific approach for this work based on the skills and knowledge of our team. There are many constraints to working on this site, but we have made good progress so far thanks to the working relationship we have with our client and Network Rail.”

Gary Walker, Network Rail Asset Protection, said: “Clearly our priority is to ensure that the works are carried out safely and with no disruption to rail passengers on this extremely busy section of the network. We have worked closely with Edinburgh Haymarket Developments and BAM throughout the design process over the last 12 months and it is pleasing to see work being carried out as planned.”

The strengthening works will allow contractors to begin building the foundations for the development. This includes grouting between the tunnel lining and the surrounding ground, and drilling and inserting metal bars within the brick lining.

Currently, engineers are only able to work in the north tunnel from midnight till 5.00 am four nights per week and in the south tunnel from 1.00 am to 9.30 am for one night per week.


Issued on behalf of Interserve and Tiger Developments by Weber Shandwick. For more information, call Richard Bright or Stewart Argo on 0131 556 6649 or 07770 886 914.

Interserve Corporate Communications: T. 0118 9602 332 or 07824 482 585
nigel.charlesworth@interserve.com.

Tiger Developments: T.020 7758 4730, jn@tigerdevelopments.com

Notes to Editors:

The Haymarket Scheme
The Haymarket site is one of Edinburgh city centre’s last remaining major gap sites.·

Detailed planning approval was granted in March 2011 following an extensive consultation programme·with the local community, with the scheme gaining backing from the city’s business leaders as well as praise by planners for the high quality of its architectural design.

Proposals include four contemporary office buildings offering around 400,000 sq ft of space designed to meet the fast-growing demand in Edinburgh for high-quality city centre space capable of accommodating large-scale occupiers on single floors. There will also be a mix of retail, food and leisure developments – including retail units and a food store as well as bars, cafes and restaurants. The new Edinburgh tram system, which is due for completion later this year, runs adjacent to the site and Haymarket railway station, further cementing the location as a principle business and transport hub for the city.

The plans highlight the open and accessible public space, creating a mix of continental style boulevards and pedestrian-friendly public areas. The scheme has been designed to create an easily accessible ‘walk-through’ layout from different directions, emphasising its strategically important location, connecting the city centre to the capital’s second busiest railway station and new tram network - as well as to Edinburgh International Conference Centre and the new exhibition centre. Architects for the scheme are Richard Murphy Architects & CDA Architects.

About Interserve
Interserve's vision is to redefine the future for people and places. It is one of the world’s foremost support services and construction companies, operating in the public and private sectors in the UK and internationally, offering advice, design, construction, equipment, facilities management and front-line services. Interserve is based in the UK and is listed in the FTSE 250 index. The Group employs some 50,000 people worldwide and in 2012 generated gross revenue of £2.3 billion.

For all news follow: @interservenews

www.interserve.com

 

About Tiger Developments
Tiger Developments has established itself as a highly successful and reputable property investment and development company both in the UK and continental Europe. Tiger works to increase the value of its property portfolio through refurbishments, lettings, rent reviews and renewals, rationalisation, development and sales and is committed to seeking out investment and development opportunities in all sectors of the property market. Tiger has concluded over £1 billion of transactions in the UK and over €200 million in mainland Europe.

www.tigerdevelopments.com




 

Work starts on £200 million Haymarket Development


January 30, 2014

A significant milestone in the development of Edinburgh’s city centre has been reached with the start of construction work at The Haymarket, one of the capital’s biggest commercial developments of the last 10 years.

Engineering work has now begun on the railway tunnels beneath the four-acre site, adjacent to Haymarket Railway Station.

Edinburgh Haymarket Developments Ltd, the joint venture company behind The Haymarket which brings together Interserve and Tiger Developments, anticipates a 12-month underground works programme, undertaken at night to avoid disruption to travellers using one of Scotland’s busiest rail networks. Above ground construction is set to start in spring next year, with the first buildings’ phase earmarked for completion in 2016.

An archaeological dig is also set to commence above ground on the site in February 2014 which will involve the permanent closure of the NCP car-park currently occupying the site from January 31.

The work signals the start of one of the city’s most important development projects of recent times, which will result in a £200 million mixed-use development delivering a mix of high quality office, hotel and retail space with the potential to create 3,500 jobs.

There has been significant interest in The Haymarket from commercial operators across the UK. This includes a number of major hotel operators and a planning application relating to one of the buildings will be submitted shortly. Tenants already signed up for the initial development phase include Q Park, Tesco and serviced apartments provider Staycity.

Edinburgh Haymarket Developments is a joint venture between Interserve and Tiger Developments. Welcoming the start of work on site, Interserve’s Development Director David Westwater said: “We have made excellent progress since signing the agreement with Network Rail that allowed us to start work on The Haymarket.

“This is a difficult job given the need to work around rail services, with only a short window of opportunity each night. A lot of planning has gone into the construction programme and it is a significant milestone to finally be underground and carrying out the essential works that will allow us to progress above ground from 2015.”

John Nesbitt, Managing Director of Tiger Developments, added: “We have been involved with this project since we acquired the site in 2006, and I am delighted that we are now finally up and running with the development programme.

“The Haymarket has been a long time in the making, but the interest that has been shown in its commercial potential justifies our commitment and investment in making it on the UK’s most significant development opportunities outside of London.”

Additional tenant interest in The Haymarket includes food chains Prezzo and Pret A Manger which have already committed to the second development phase. Advanced discussions are currently taking place with other occupiers for a further 70,000 sq. ft. of retail and office space.

In total, The Haymarket has full planning consent for 404,000 sq. ft. of office accommodation and 60,000 sq. ft. of commercial and leisure space, together with a 165-bedroom hotel and a 320-space underground car park.

More information on the construction timetable at the Haymarket is available at www.thehaymarketedinburgh.com.


Issued on behalf of Interserve and Tiger Developments by Weber Shandwick. For more information, call Richard Bright or Stewart Argo on 0131 556 6649 or 07770 886 914.

Interserve Corporate Communications: T. 0118 9602 332 or 07824 482 585
nigel.charlesworth@interserve.com.

Tiger Developments: T.020 7758 4730, jn@tigerdevelopments.com

Notes to Editors:

The Haymarket Scheme
The Haymarket site is one of Edinburgh city centre’s last remaining major gap sites.·

Detailed planning approval was granted in March 2011 following an extensive consultation programme·with the local community, with the scheme gaining backing from the city’s business leaders as well as praise by planners for the high quality of its architectural design.

Proposals include four contemporary office buildings offering around 400,000 sq ft of space designed to meet the fast-growing demand in Edinburgh for high-quality city centre space capable of accommodating large-scale occupiers on single floors. There will also be a mix of retail, food and leisure developments – including retail units and a food store as well as bars, cafes and restaurants. The new Edinburgh tram system, which is due for completion later this year, runs adjacent to the site and Haymarket railway station, further cementing the location as a principle business and transport hub for the city.

The plans highlight the open and accessible public space, creating a mix of continental style boulevards and pedestrian-friendly public areas. The scheme has been designed to create an easily accessible ‘walk-through’ layout from different directions, emphasising its strategically important location, connecting the city centre to the capital’s second busiest railway station and new tram network - as well as to Edinburgh International Conference Centre and the new exhibition centre. Architects for the scheme are Richard Murphy Architects & CDA Architects.

About Interserve
Interserve's vision is to redefine the future for people and places. It is one of the world’s foremost support services and construction companies, operating in the public and private sectors in the UK and internationally, offering advice, design, construction, equipment, facilities management and front-line services. Interserve is based in the UK and is listed in the FTSE 250 index. The Group employs some 50,000 people worldwide and in 2012 generated gross revenue of £2.3 billion.

For all news follow: @interservenews

www.interserve.com

About Tiger Developments
Tiger Developments has established itself as a highly successful and reputable property investment and development company both in the UK and continental Europe. Tiger works to increase the value of its property portfolio through refurbishments, lettings, rent reviews and renewals, rationalisation, development and sales and is committed to seeking out investment and development opportunities in all sectors of the property market. Tiger has concluded over £1 billion of transactions in the UK and over €200 million in mainland Europe.

www.tigerdevelopments.com



 

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