Castlecroft Invests £1.75M in Perth’s Waterfront Future

Perth-based commercial property specialist, Castlecroft Group, is making a bold statement of confidence in the city’s waterfront future, investing £1.75 million to transform two large storage units at Perth Harbour into modern, flexible commercial space. 

The redevelopment covers 50,000 sq ft of former grain and foodstuff warehouses, a site historically linked to Perth’s trading heritage via the River Tay. The family-run developer is stripping the buildings back to their frames, removing asbestos roofs, and installing modern insulated cladding, upgraded amenities, and high-spec internal facilities to create spaces ready for a new generation of business.

Jordan Black, Managing Director and third-generation leader of Castlecroft, sees the project as both a natural evolution for the company and a catalyst for the harbour’s regeneration.

“Perth Harbour needs fresh thinking and investment. We see huge potential here for uses that go beyond traditional storage and bring something new to the waterfront.” said.

With a flexible approach, Castlecroft is open to attracting a wide range of occupiers from light industrial operators to fitness and leisure providers such as gyms or padel courts.

Operating in Perth for over 40 years Castlecroft is already the harbour’s largest commercial property owner. This latest project signals their confidence in Perth as a location where entrepreneurial vision meets opportunity.

“We’re not reinventing the wheel, but we are working to stimulate growth, attract new ideas, and offer businesses something they haven’t seen at the harbour before.”

With work already underway, the upgraded units are expected to open in late 2025, presenting new possibilities for Perth’s waterfront economy, and blending the city’s maritime heritage with a forward-looking commercial strategy.

Read more about Castlecroft’s 40 years of continuous growth. https://www.investinperth.co.uk/news/castlecroft-40-years-of-continuous-growth