A prominent development site on Dundee’s East Dock Street has been launched to the market by global real estate advisor CBRE, on behalf of Nynas UK. The 8.9-acre site, which previously housed an oil refinery facility inactive for the past decade, is now available for various development opportunities. Located adjacent to the Port of Dundee and with multiple access points to the A92, this site is expected to attract significant interest, especially with the recent approval of the £130 million Eden Project nearby.
Prime Location for Development
The East Dock Street site offers a prime location for potential developers. Its proximity to the Port of Dundee provides excellent logistical advantages, making it an ideal spot for commercial and industrial projects. The site’s extensive concrete surface and secure perimeter add to its appeal, ensuring that it is ready for immediate development.
Dundee has been experiencing a surge in investment and development, particularly along its waterfront. The city’s £1 billion waterfront redevelopment has already transformed the area, attracting businesses and tourists alike. The addition of the Eden Project, a major green tourism attraction, further enhances the site’s attractiveness.
Craig Semple, Director at CBRE Scotland, emphasized the site’s potential, stating, “This is an excellent opportunity to add to Dundee’s landscape. The city is benefitting greatly from investment and development, and we are anticipating good interest in the site.”
Boosting Dundee’s Economic Growth
The launch of the East Dock Street site is expected to contribute significantly to Dundee’s economic growth. The city’s strategic focus on redevelopment and investment has already yielded positive results, and this new site offers further opportunities for expansion. The site’s versatility means it can accommodate a variety of uses, from commercial to industrial, aligning with the city’s broader economic goals.
The Eden Project’s approval is a testament to Dundee’s commitment to sustainable development. This £130 million project will transform the former gasworks on East Dock Street into a world-class horticultural and immersive experience for visitors. The project’s success is likely to spur further interest in the surrounding areas, including the newly launched development site.
Dundee’s economic landscape is evolving rapidly, with new projects and investments driving growth. The East Dock Street site represents a key piece of this puzzle, offering developers a chance to be part of the city’s exciting transformation.
Future Prospects and Opportunities
Looking ahead, the East Dock Street site holds immense potential for future development. Its strategic location, coupled with Dundee’s ongoing investment in infrastructure and tourism, makes it a highly attractive proposition for developers. The site’s readiness for immediate development means that projects can commence without delay, providing a swift return on investment.
The site’s launch comes at a time when Dundee is positioning itself as a hub for innovation and sustainability. The city’s focus on green tourism and sustainable development aligns with global trends, making it an appealing destination for forward-thinking developers. The East Dock Street site, with its prime location and versatile potential, is poised to play a significant role in Dundee’s future growth.
As Dundee continues to evolve, the East Dock Street site offers a unique opportunity to be part of the city’s dynamic landscape. Developers and investors are encouraged to explore the possibilities this site presents, contributing to Dundee’s ongoing success story.
