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Developers to cash in on finance district

posted 14 Nov 2009, 08:09 by David Rintoul   [ updated 14 Nov 2009, 08:33 ]

New offices, shops, public spaces, pedestrianised areas and pavement cafes are among a raft of proposals to extend the city's finance district.

ScottishPower is currently upgrading its Dewar Place substation in a move that will free up new development space in the shadow of the Edinburgh International Conference Centre.

It is working with other landowners in the area, including the city council, to create a pre-planning application "Exchange 2" masterplan that would bring together new developments.

One option would see a massive new office building built on the existing substation site, as well as ground-floor catering or retail units to allow outdoor dining.

A gap site owned by the city council on the corner of Dewar Place and Torphichen Street – the last remaining site in the Exchange district – has also been earmarked for development into a six-storey office block.