PLANS for the £20million construction of a new neighborhood center on the outskirts of Aberdeen have been announced.
Property development company, Hargreaves Land, has entered into a joint venture with Grandhome Trust to develop the new neighborhood shopping center as part of the Grandhome residential development in Bridge of Don.
The development has already seen 245 properties built, with another 1,500 sets to be delivered over the next ten years. Companies such as AJC Homes, CALA Homes, Dandara and Malcolm Homes have built properties in the development.
The new commercial phase of the development is expected to provide a “wide range” of retail, leisure and community amenities in a town center that will benefit not only residents of Grandhome, but also those who live in the surrounding area of Bridge of Don.
Ryden Property Consultants, who are retained as agents for the development, acted on behalf of the Grandhome Trust in negotiating the joint venture agreement which is expected to see around £20m invested in the creation of a ‘high-end’ district center quality” with companies. saying big brands “should show considerable interest” in the location.
Glasgow architect Cooper Cromer has been appointed by Hargreaves Land as lead architect for the retail phase.
David Anderson, Group Property Director at Hargreaves Land, commented: “This is fantastic news, and we look forward to working with the Grandhome Trust to help deliver a range of new amenities to Bridge of Don. It also marks a significant multi-million pound investment that will only add to Grandhome’s appeal; create new jobs, boost the local economy and further unlock the site’s long-term potential.
“Using our business development expertise, we will work hard to move this final phase forward as quickly as possible, marking another chapter of positive change for the Don Bridge and the wider region.”
Bruce Smith, trustee and spokesperson for the Grandhome Trust, added: “Since the first new families moved into Grandhome in 2018, the community has continued to grow at pace and to welcome more and more happy residents.
“In line with our long-standing aspiration to provide an exemplary new community, we have always sought to provide a high quality commercial offering and amenities to serve both new residents and the wider population of Bridge of Don, and we are pleased to be working with Hargreaves to achieve this.
“In addition to providing amenities for new residents, it will highlight Grandhome’s place as an important new neighborhood for the city’s future and a great place to live, work and invest. We can’t wait to see the final results.