The Arches at New Waverley named Commercial Project of the Year

New Waverley is delighted to announce that The Arches has been awarded the covetedCommercial Project of the Year title in the Herald Property Awards for Scotland.

The prestigious award recognises the huge progress that The Arches has made in 2016, transforming a formerly neglected part of Edinburgh into a vibrant leisure and commercial quarter in the heart of the Old Town.

The judges were “incredibly impressed” with The Arches, describing it as “a stand-out entry in a hugely competitive category.”

The Arches are a row of 19 newly renovated Victorian arches on East Market Street, Edinburgh – part of the £150 million New Waverley development currently transforming the heart of the Old Town.

The project was delivered in partnership with Edinburgh-based Staran Architects, Union Projects and Horizon M&E Services Design Ltd.

The spectacular C-listed brickwork arches were originally constructed in 1875 to create double-height openings beneath the city’s Jeffrey Street. Now Artisan Real Estate Investors, the developer behind New Waverley, has brought the historic arches back to life, bringing together an eclectic community of independent retailers, cafes and restaurants to provide a refreshing contrast to typical high street environments.


New Edinburgh appointment for surveyor Malcolm Hollis

Independent commercial building surveying firm Malcolm Hollis has expanded its team with them appointment of Ewan Wyllie at its Edinburgh office.

A specialist in CDM, Wyllie joins the firm from Shepherd Chartered Surveyors in Glasgow where he was an associate.


Aldi rolls out investment plans amid record sales

The UK arm of Aldi has said it will invest £300 million in store revamps after posting another year of record sales.

The cash will be used to spruce up its fixtures for beers, wines and spirits and fresh produce, as well as a new “food to go” feature, with more than 100 stores to be refurbished in 2017.

The German-owned firm added that it will open 70 stores in the UK next year as part of plans to increase supermarket numbers from 659 to 1,000 by 2022.

Aldi said its future capital expenditure plans are “unaffected” by the UK’s decision to quit the EU, pledging to make “substantial investments”, including enlarging two existing distribution sites, redeveloping its UK head office in Atherstone, Warwickshire, and opening a new distribution centre in Cardiff next year.


Lidl submit planning application for Easter Road store

Lidl UK has submitted a planning application for a new store on Easter Road in Edinburgh.

The supermarket has previously revealed that it wanted to open a brand new store on Easter Road at the site of the former B&Q.


34 jobs lost at Penman Engineering

Dumfries-based Penman Engineering has made 34 staff members redundant with immediate effect.

The firm made the decision to appoint administrators for the company on 31 August and blamed the delay in the arrival of a major contract.

In addition to the redundancies, union Unite understands that six apprentices are among those being laid off.


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