Muse Developments discuss the Marischal Square development
Friday, February 1, 2019
The term “transformative” is widely used in relation to developments that on closer inspection, are pretty much the same as what has come before. However, Aberdeen’s Marischal Square truly has transformed Aberdeen’s city centre, breathing new life into its commercial and leisure space.
The development has created a vibrant new mixed-use quarter which includes Grade A offices, a hotel, cafes, restaurants and civic space, along with public access, landscaping and public realm improvements. It has created an environment where people can work and enjoy their leisure time and has brought people into an area of the city that had previously been underused.
Marischal Square is a key part of Aberdeen City Council’s city centre regeneration masterplan and has helped transform this key location into a new area of commerce, bringing jobs and boosting the economy for those on the development, as well as businesses around it and generating footfall in the east end of the city. This will be enhanced by the complimentary space created by the council’s £3.2m transformation of Broad Street which was designed to make it a pedestrian-orientated space.
It also plays host to one of the most magnificent examples of public art in Scotland. Inspired by the city’s coat of arms, Poised, the imposing five-metre tall steel leopard designed by renowned sculptor Andy Scott, which forms the stunning centrepiece of the development.
It has been gratifying to see Marischal Square being hailed with a range of industry-leading awards, including the coveted Development of the Year at the 2018 Scottish Property Awards. Judges said the scheme is a ‘superb use of business space and a major contribution to the future success of Aberdeen. Many people have said they have been very impressed by the development, despite their initial reservations.
Marischal Square also illustrates the benefits of a cooperative partnership with our colleagues at Aberdeen City Council and Aviva to build something that will have a lasting legacy for the city.
Businesses have been attracted to the energy-efficient office buildings 1MSq and 2MSq where staff can enjoy bright space with outstanding views across Aberdeen.
Aberdeen Journals has returned to Broad Street 50 years after it moved out of the city centre. Oil and gas service company Tenaris is establishing a new regional headquarters for its operations; a key factor in Tenaris choosing Marischal Square was its positive endorsement by colleagues in a staff survey, which identified the scheme as their number one choice on moving from its previous offices in Altens to the south of the city.
Talks continue with potential occupants, which if successful, will take the office occupancy above two thirds.
Marriott’s Residence Inn and Mackie’s of Scotland report strong trading figures since they opened in 2017. The leisure offering also includes All Bar One, Prezzo, Costa and Toni Macaroni.
Muse Developments has played a significant role in some of the UK’s most genuinely transformative urban regeneration projects in recent years, including the reinvigoration of Newcastle’s Riverside district. We have also been involved in significant projects in the Northern powerhouse cities of Manchester and Leeds.
Aberdeen now takes its place among those city centre success stories.