Edinburgh deal for Interserve

ORT

ORT services group Interserve yesterday revealed plans to develop the Haymarket area of Edinburgh as part of a £200m joint venture.

The FTSE 250 group yesterday exchanged contracts with the landowner, Tiger Developments, and agreed to invest an initial £10.5m.

Interserve Construction’s Livingston team will undertake works to a value of £150m.

The site, which already has planning permission, will incorporate commercial offices, retail and leisure units, hotel accommodation and underground parking, with the potential to create 3,500 jobs at the site near Haymarket train station.