New Waverley Wins Herald Property Award 2017

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.

Placemaking In The Heart of Edinburgh

The month of August saw the annual transformation of Edinburgh city into a heaving, wonderful mass of festival-led celebrations. And nowhere is this cultural feeding frenzy more keenly felt than in the deepest heart of its historic city centre.

Now one of Edinburgh’s most exciting new districts, New Waverley stretches from the Royal Mile down to Waverley Station. At its heart is a new public square, Sibbald Walk that sits just off the Royal Mile behind the new Adagio Aparthotel.

Along from Waverley station lie The Arches, a row of 19 renovated Victorian arches which now host an eclectic mix of shops, cafes, restaurants and curiosities.

This year, the new square hosted The Edinburgh Cocktail Festival, that brought together a myriad of pop-up cocktail bars, food stalls, live music and DJs.

This followed hot on the heels of the Heverlee Festival at The Arches which celebrated all things Belgian – including food, beer and electronic music.

The Arches have also witnessed Freestival, the Fringe’s largest free festival as well as many one-off events, street markets and art projects.

Terry Gilliam of Monty Python fame unveiled a 10-metre illuminated art work in celebration of St Valentine’s Day, and just around the corner, on the Royal Mile, we unveiled the UK’s largest poem to celebrate National Poetry Day.

New Waverley Terry Gilliam

What makes New Waverley special, especially now, is that just two years ago it was virtually a no-go area, right in the heart of the city. The Arches were boarded up and used for industrial storage by the council.

The roads and spaces now buzzing with The Arches and New Waverley’s three new hotels, or currently earmarked for new homes and offices, bore the remnants of the city’s old gas works and bus garage, which had remained for almost two decades as an ugly, unused development site.

The area during the Festival is brimming with visitors, the hotels are full and the cafes and restaurants are spilling out onto the pavements. In short, life in all its glory has returned to a part of the city which had been closed off for years.

Boosting the buzz further, last month, the UK Government announced that almost 3,000 civil servants will form a new office hub at New Waverley, meaning that this influx of new life and vibrancy is here to stay.

This is all part of a long-term plan by Artisan Real Estate Investors, the investment partnership driving New Waverley, to create a genuine sense of place for its city centre regeneration projects, building exciting, sustainable and vibrant locations in which to live, work and visit.

Anyone now witnessing the sheer exuberance and excitement of The Arches and the whole of New Waverley in general, would realise that this sensitive development mix is exactly what our city centres need if they want to continue to be attractive destinations work, visit and live.

The Edinburgh Cocktail Festival At New Waverley

As the 70th Edinburgh International Festival has now finished, we felt it was a good opportunity to reflect on our own festival experience. New Waverley welcomed the city’s first cocktail festival all curated and hosted by Scottish creative agency The Drink Cabinet, in collaboration with the Food + Flea Market, from the producers of The Pitt in Leith.

The Edinburgh Cocktail Festival invited consumers to the brand public square here at New Waverley called Sibbald Walk, in the heart of the Old Town, just off the Royal Mile. The event featured a unique cocktail hub teeming with buzzing bars, experiential events, masterclasses, live music performances and evening events showcasing emerging DJs and artists. Ketel One Vodka’s Bloody Mary Kitchen and Tanqueray Gin’s Forest were just a couple of the many innovative experiential experiences consumers got to enjoy throughout the festival month.

Lauren Stewart and Andy Gemmell – founders and directors of The Drink Cabinet UK – share a wealth of industry experience. The agency specialises in drinks marketing and Lauren said: “Myself, Andy and the team were really excited to bring the first ever cocktail festival to Edinburgh. The Festival brings so many visitors from so many countries and cultures, and our aim was to get everyone together in one place to enjoy some Scottish hospitality and incredible drinks in an incredible new space.”

Hal Prescott and Scotty Kirkham, the brains behind The Pitt in Leith, and the Food + Flea Market; also located here at New Waverley, provided fresh street food to accompany the cocktails throughout the month. Scotty stated: “It’s brilliant being part of a group of independent businesses, keen to breathe life back into a once neglected, but now rejuvenated, part of town.”

Charlotte Swanson from New Waverley said “New Waverley is fast becoming a thriving and exciting new urban quarter and we are delighted to support young entrepreneurs such as Lauren and Hal, in their endeavors of creative consumer experiences and supporting emerging talents. We have already attracted some great national and local businesses here and it was truly exciting to have had the festival spirit right on our doorstep during the month of August.”

To see what it was all about please visit: or find the event through these channels:

Facebook: Edinburgh Cocktail Festival
Twitter: @edfestcocktails
Instagram: @edfestcocktails
Hashtags: #ECF17 #EdCocktailFest