With demolition across the £1 billion Edinburgh St James site continuing to progress well, TH Real Estate, alongside main contractor Laing O’Rourke, has reaffirmed its commitment to Edinburgh by announcing new investment figures.
To date, the 1.7m sq ft scheme has sourced £24 million of construction value locally – from within 100 miles of the project.
In addition to this, from just over 1,000 people inducted on site since demolition began, 78 per cent have been employed from the local area, ensuring that employment opportunities have been delivered for local people. Upon completion, Edinburgh St James is anticipated to deliver over 3,000 new full time jobs in a variety of sectors, further supporting the city’s job market.
The newly released figures coincided with the visit of the site’s local MSP Ruth Davidson, also Head of the Scottish Conservative party, who was given a tour of the site this week by Martin Perry, Director of Development at TH Real Estate.
Commenting on the visit, local MSP Ruth Davidson said: “Edinburgh St James is going to transform the centre of the Capital. The shops, restaurants, hotel and apartments will provide a renewed focus for the centre, and I was pleased to see the progress being made and the quality of work being carried out. This is a huge investment in our city.”
Martin Perry, Director of Development, TH Real Estate, said: “We are delighted with the substantial demolition progress already made on site and the significant positive economic contribution the scheme is making to the city, even at a relatively early stage of the development. These new figures are a real testament to this, and our ongoing commitment to put Edinburgh first, from construction through to the operation of the completed scheme in 2020.”