We are delighted to announce the New Waverley development, our £150 million regeneration scheme currently transforming the heart of Edinburghs Old Town, has won one of the Scottish property industry’s most prestigious accolades.
New Waverley collected the award for the best city regeneration project in Scotland at the Scottish Property Awards, held in Edinburgh on Thursday (March 2). Following a record high number of entries in the competition, 710 guests gathered for the annual event to celebrate the best of Scotland’s commercial property sector.
Delivered by Artisan Real Estate Investors, the award recognises its current status as one of the UK’s most important city-centre regeneration sites, taking place in the historic and highly sensitive World Heritage Site of Edinburgh’s Old Town.
Judges commended New Waverley’s “brave and ambitious vision which is now becoming a reality….having a significant positive impact on the area around it.”
Welcoming the award, Clive Wilding, New Waverley’s Project Director said: “We are all absolutely thrilled to have been recognised by the Scottish Property Awards as Scotland’s best regeneration project, in what was a fiercely contested category.
“For the last two years, we have worked hard to make New Waverley be an integral part of Edinburgh’s Old Town, breathing new life back to a formerly neglected part of the city centre. I am delighted that New Waverley’s considerable impact is now being recognised on a national stage by our peers and public alike.”
Completed so far as part of the first New Waverley development phase are two Whitbread hotels – a Premier Inn and a Hub by Premier Inn – which opened in January 2016 and The Arches, a row of 19 Victorian arches which have been transformed to create an exciting new leisure and retail district for the city.
In December last year the new 146-apartment Aparthotels Adagio overlooking Edinburgh’s Royal Mile opened for business overlooking a new football pitch-sized public square becoming the first significant public space to open in the city centre for more than 50 years. In addition, the demand for authentic and healthy ‘food to go’ has also been met by the launch of The Food & Flea Market based at the new square. Featuring street food and shopping combined into a 7-day week market has transformed the local area.
Architects for the New Waverley development are Edinburgh-based Allan Murray Architects. Allan Murray added: “This development has galvanised the revitalisation of a sadly neglected but very central part of the Old Town, within a World Heritage Site setting.
“The mixed-use project interweaves high quality new build with the refurbishment of historic buildings and creates a bold new urban public realm for the benefit of the local community.”