The team behind the £1 billion regeneration of Dundee Waterfront is coming to Aberdeen later this month to encourage more collaboration with North East businesses on investment opportunities in and around Dundee Waterfront.
The Dundee Waterfront collaboration roadshow is being hosted by Brodies, the law firm, on Wednesday 28th November at 12.30pm. The event will be of interest to: public and private sector organisations, developers, entrepreneurs, financiers and specialist advisers, such as commercial property agents, lawyers and accountants.
Dundee is undergoing a major transformation, spearheaded by the £1 billion Dundee Waterfront project, which spans 240 hectares of land stretching 8km along the River Tay. Dundee Waterfront is the second largest regeneration project in Scotland and is within the top twenty such projects in the UK.
Mike Galloway, Dundee’s Director of City Development, said: “There is already a great deal of co-operation between the two cities, but there is considerable potential to generate more investment and more business for everyone. Obvious areas of collaboration include: the growing renewables sector, life sciences, decommissioning projects, integrated tourism marketing and infrastructure investment.
“Proposed developments in and around Dundee, such as the V&A at Dundee, the new railway station and Fife and Angus’s golf assets, are good examples of where we can all work together to create more wealth – to the benefit of both cities and regional economies.”
The plans to transform Dundee Waterfront have already attracted £300m of committed investment. The flagship project is the £45 million V&A at Dundee, an international design centre which was granted planning consent in September and due to open in 2015.
V&A at Dundee is alone expected to generate 500,000 additional visitors to the city during its first year, then settling at more than 300,000 annually. Through close co-operation between both cities, many of these people could be encouraged to extend their stay by visiting Aberdeen and the North East.
In preparation for the increased number of visitors, Malmaison, the lifestyle hotel company, recently announced plans to open a 91-bed hotel in Dundee by Autumn 2013, creating 120 new jobs. Dundee City Council has approved plans for a new £14m railway station, along with a hotel, retail and office complex to service the expected increase in economic growth during the next five years. Over 9000 new jobs are forecast to be created as a result of the wave of new investment in the city.
Mike Galloway added: “We have already secured investment worth more than £300m and are well ahead with our plans to transform the city. Looking forward to the projected increase in investment, job creation and visitor numbers, it is clear Dundee is going to generate hundreds of millions of pounds of additional revenue.
“By working with businesses in Aberdeen and the North East we have the potential to increase that revenue dramatically. Dundee is well and truly open for business, and we hope our roadshow will encourage the North East business community to explore the opportunities with us.”
A limited number of places are still available. To book, please email firstname.lastname@example.org