Queen Street occupies an area of Aberdeen that sits at the heart of the historic city, just above the harbour and the city's main street, Union Street. The area has nurtured the establishment and growth of some of the great civic institutions which underpin the city.
The Quarter contains Marischal College, the second largest granite building in the world, the City Chambers and many other Aberdeen civic, cultural and architectural jewels, as well as some 1960s and 70s civic interventions making poor use of this key location.
Adjacent to Queen Street is the new Marischal Square
development comprising a mix of leisure and office uses forming a busy hub within the City Centre. Aberdeen's Union Street is within touching distance of the site as are two of Aberdeen's busiest shopping destinations which are within a 2-minute walk.
The vision for Queen Street is the transformation of the area into a new mixed-use urban quarter. Cafes and shops spill out onto pedestrian friendly streets and public spaces. Apartments provide a desirable residential address.
Together with Marischal College, the Lemon Tree and the Arts Centre the proposed mix of uses forms a vibrant urban quarter that is active through the day and into the evening. It becomes a pleasant spot for city workers to take time out during the day, for culture vultures to extend their visit and for residents to enjoy convenient access to the city centre's employment and leisure opportunities.
A £30million investment is being made by Aberdeen City Council in land investment to bring control to the local authority.
This is a multi-phase development in a prime location. The opportunity could take various flexible forms (i.e. equity or debt finance) and there are opportunities for joint ventures for some or all phases.
The project has a Gross Development Value of between £100million - £150million. Expected completion of all phases by 2025-26.
Phases 1-3 are scheduled for 2020-21 start and present opportunities for hotel, 350 apartmnents and 9,000 square metres of leisure and retail. GDV is approx. £150million with initial construction costs estimated at £50million.FIND OUT MORE ABOUT THE QUEEN STREET DEVELOPMENT & OPPORTUNITIES