July 21 2016

A B-listed BHS department store on Edinburgh’s Princes Street has been earmarked for a £50m overhaul which will see the space subdivided to form a 50,000sq/ft retail unit, 140 bed hotel and rooftop restaurant on behalf of the British Coal Pension Fund.

CDA Architects have been appointed to the refurbishment project which will see upper floors converted to a hotel and internal light well to take advantage of expansive views toward the Castle whilst basement, ground and first floors remain in use as a shopping destination.

A rear elevation fronting Rose Street will be completely rebuilt with the addition of an extra storey to provide a dedicated hotel entrance, restaurants and shop.

Steve Spray, fund manager at LaSalle Investment Management, commented: “We have received proposals from major fashion retailers for the redeveloped Princes Street store and offers from high-quality hoteliers for the upper parts of the development, which have been mostly redundant for decades.

“The rooftop restaurant opportunity has already attracted interest from some of the world’s leading restaurateurs and would give spectacular and unrivalled views of the Old Town. I could see it becoming a tourist attraction in its own right.”

A pre-application notification has already been filed pending a formal planning application next year but completion isn’t expected until 2019 at the earliest.

2 Comments

Post your comments

Your name (required)
Your email (not displayed)
Comments (required)
	All comments are pre-moderated and must obey our house rules.