PLANS for the £20 million build of a new neighbourhood centre on the outskirts of Aberdeen have been announced.
Property development firm, Hargreaves Land, has entered into a joint venture with the Grandhome Trust to develop the new neighbourhood retail centre as part of the Grandhome residential development in the Bridge of Don.
The development has already seen 245 properties built, with an additional 1,500 set to be delivered over the next ten years. Firms such as AJC Homes, CALA Homes, Dandara, and Malcolm Homes have built properties at the development.
The new commercial phase is set to provide a range of retail, leisure, and community amenities in a town centre setting tipped to benefit Grandhome residents and also those living in the surrounding Bridge of Don area.
Real estate consultants Ryden, who are retained as agents for the development, acted on behalf of the Grandhome Trust in brokering the joint venture deal which is expected to see around £20 million invested in creating a ‘top-quality’ district centre with the firms saying high street brands are ‘expected to show considerable interest’ in the location.
Glasgow architect Cooper Cromer has been appointed by Hargreaves Land as the lead architect for the retail phase.
David Anderson, group property director at Hargreaves Land, said, “This is fantastic news, and we look forward to working with the Grandhome Trust to help deliver a range of new amenities to the Bridge of Don. It also marks a significant multi-million-pound investment that will only add to Grandhome’s appeal; creating new jobs, boosting the local economy and unlocking more of the site’s long term potential.
“With our expertise in commercial development, we will be working hard to bring this latest phase forward as swiftly as possible, marking another chapter of positive change for the Bridge of Don and the wider region.”
Bruce Smith, trustee and spokesperson for the Grandhome Trust, added, “Since the first new families moved to Grandhome in 2018 the community has continued to grow at pace and to welcome more and more happy residents. In keeping with our long-held aspiration to deliver an exemplary new community we have always aimed to deliver a high quality retail offering and amenities to serve both the new residents and the wider population of Bridge of Don, and we’re pleased to be working with Hargreaves to achieve this.
“As well as providing amenities for the new residents it will highlight Grandhome’s place as an important new neighbourhood in the future of the city and a great place to live, work and invest. We’re looking forward to seeing the finished results.”