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04/09/2015

Muse Reveals £107m Project

Property specialist Muse Developments has revealed details of a new £107m city centre location in Aberdeen.

Morgan Sindall is currently 22 weeks into the 116-week construction of the Marischal Square complex.

The development will provide 300 jobs during the construction process.

During a special launch event in the city, Muse revealed:

• New imagery of the development, including new computer generated images and an animated film showcasing the Halliday Fraser Munro designed buildings and civic space.

• UK businesses, All Bar One and Burger & Lobster, have agreed to take restaurant space at the development and establish their first presence in Aberdeen

• A number of other bar and restaurant operators have agreed 'Heads of Terms' with Muse to occupy the ground floor leisure space

• The commitment of hotel operator, Marriott, to operate the 126-bedroom, 4-star Residence Inn, which was agreed in 2014

• Muse is working with Aberdeen City Council and Historic Scotland to bring the Provost Skene's House to greater prominence as a feature of the scheme with a £500,000 investment in the museum.

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The project is fully funded by Aviva Investors and includes:

• Two office buildings providing 173,500 sq ft of Grade A office space with secure parking

• Seven restaurants and café bars occupying 28,000 sq ft of ground floor space

• A 126-room Residence Inn by Marriott

• Modern civic space around a rejuvenated Provost Skene's House

• High quality elevations of granite and glass enclosing a development with high levels of sustainability

• The opportunity to create a brand new area of useable public space, funded by the development, between Marischal College and the new development

The project is scheduled to be completed by July 2017.

Stephen Turner, Muse's Regional Director for Scotland, said: "Marischal Square will be a keystone of the vision of the council's City Centre Masterplan proposals, providing a new civic square for Aberdeen and creating an enhanced setting for Marischal College. It will also deliver a vibrant new mixed-use development in keeping with Aberdeen's justifiable position as one of the UK's leading business destinations.

"The development will make a long-term impact on the local economy and it is encouraging that our vision for the project, and that of our partners at the council and Aviva, has already been shared by leading businesses including Marriott, All Bar One and Burger & Lobster.

"It is vital the city has the right mix of office and commercial space to capitalise on the business opportunities of the future. Muse and its experienced advisors are confident of having tenants taking up space within the Grade 'A' office accommodation by the summer of 2017."

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