The New Waverley development has won one of Scottish property industry’s most prestigious accolades. Currently transforming the heart of Edinburgh’s Old Town, New Waverley scooped the top award for the Commercial Project of the Year at the 2017 Herald Property Awards for Scotland, held in Glasgow on Thursday the 21st of September.
The award recognised New Waverley’s successful development of the Adagio Aparthotel overlooking the Royal Mile and The Arches, a row of Victorian arches which has been transformed into a vibrant retail and leisure quarter for the city.
New Waverley is delivered by Artisan Real Estate Investors and the award win further recognises its current status as one of the UK’s most important city center regeneration projects, taking place in the historic and highly sensitive World Heritage Site of Edinburgh’s Old Town.
Welcoming the award, Jaco Jansen from Artisan Real Estate Investors said: “We are all thrilled that New Waverley has won another major accolade.
“For the last two years, we have worked hard to make New Waverley an integral part of Edinburgh’s Old Town, breathing new life back into a formerly neglected part of the city centre. This award – highlighting our successful completion of both the Adagio Aparthotel and The Arches – shows that our efforts are now paying off and I am delighted that New Waverley’s considerable impact is being recognised on a national stage by our peers and public alike.”
In the last 12 months, New Waverley has become an established district within the city’s historic Old Town and has delivered a high profile ‘place-making’ campaign designed to create interest and excitement about the area. This has included launching the UK’s largest poem on the side of the new Adagio aparthotel building on the Royal Mile, as well as the area hosting food markets, light shows and art installations.
In July, it was announced that some 2,900 civil servants will be located at New Waverley’s next phase office development as part of a new UK Government hub.
This is the third major award that New Waverley has won in 2017, having scooped top honours at both this year’s Scottish Property Awards and the Royal Institute of Chartered Surveyors (RICS) Awards.