Perth West – A National Eco Innovation Business Park & Sustainable City Expansion.
A strategic opportunity for debt or equity investment to bring forward a Scottish Eco Innovation Business Park. Cap ex is £50 million, GDV of over £100 million, peak borrowing of £20 million, covering capital and revenue projects in infrastructure; distribution, commercial & residential property; and district heat and power network.
Perth is a rapidly growing city with a population of 50,000 – projected to grow by 24% by 2037. Perth is in the centre of Scotland, less than one hours travel from Glasgow and Edinburgh with 90% of Scotland’s population accessible in 90 minutes. The project proposes a distribution consolidation centre and will host technologies, systems and processes to decarbonise urban growth including electrically enabled highways, mobility as a service, automation, Artificial Intelligence and renewable district power generation. Investment returns will be generated from infrastructure; revenue through property rental and heat/power streams; and revenue from design, build, finance and management of the academic facilities.
The development is supported by more than £140 million of planned public investment in infrastructure. Recent investors include Porsche, Jaguar Land Rover & Bellway Homes.
The development is a 130 hectare zoned development area, with 1,600 units of mixed tenure housing, a distribution centre (30,000m2+) , business park (20,000m2) for commercial office, industrial, hotel, leisure, district heat & power system; and an academic centre. It will be delivered in
four phases: phases 1 and 2 – trunk road and service infrastructure to open up the site along with 800 mixed tenure houses and distribution consolidation centre; and phases 3 and 4 – 800 houses and academic centre plus 20,000m2 of business land.
Promoter and Partnerships
Perth West is a collaborative project between the local authority (Perth and Kinross Council), government agencies, landowner and businesses.
There is already a strong track record of delivering commercial developments in the area including Broxden Business Park in Perth.