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News Release

Edinburgh

Fountainbridge hotel site goes on the market

JLL appointed by The EDI Group to secure buyer


EDINBURGH, 7 October 2016 – The EDI Group has announced it plans to sell the hotel site at the India Quay development in Edinburgh.

JLL has been appointed to find a buyer for the site, which is within the planned mixed use quarter in the capital's Fountainbridge area.

The EDI Group is looking to achieve an unconditional sale on the canal-facing site, with JLL's Hotels & Hospitality Group aiming to complete a sale by the end of December 2016.

Keith McBain, Director, JLL, said: "The site is ideally placed to not only capitalise on what will be a new mixed use quarter, but also to penetrate the thriving Edinburgh hotel market. As such, we expect to see a high level of interest from investors and owner operators."

Accessed from a new internal road linking it with Dundee Street and the wider development, the site has frontage to both the north and onto the footpath of the Union Canal.

Edinburgh remains one of the most sought after hotel markets in Europe with operators keen to enter the market or expand their existing representation.

Jen Blacklaw, development manager, The EDI Group, said: "EDI is committed to delivering the award-winning masterplan for India Quay, and by offering the site to the market we are another step closer to achieving this. As a key strategic site in Edinburgh, it incorporates a mixed-use of apartments, shops and businesses, along with the largest build-to-rent scheme in Scotland to date. India Quay offers an exciting opportunity, creating a new and vibrant addition to the capital."

Offers are invited for the valuable heritable interest in the site, with interested parties invited to contact JLL's Hotels & Hospitality Group.

http://www.india-quay.co.uk