TOTAL VALUE
£107M
TARGET END DATE
2017
DURATION
6Y

Project Description

Marischal Square, which is fully funded by Aviva Investors, will deliver a vibrant new mixed-use quarter for Aberdeen and include offices with associated car parking, hotel, retail, cafés, restaurants and civic space, along with public access, landscaping and public realm improvements around a site once dominated by the former council headquarters building, St. Nicholas House.

The development will be a keystone of the council’s city centre masterplan proposals, providing a new civic space for Aberdeen and creating an enhanced setting for both Provost Skene’s House and Marischal College.

The elements of Marischal Square which come together to create a fresh, new central area in the heart of Aberdeen’s city centre comprise: 

  • 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 providing long stay luxury for business and leisure travellers
  • modern civic space around a rejuvenated Provost Skene’s House museum
  • high quality elevations of granite and glass enclosing a development with high levels of sustainability – the offices boasting BREEAM ‘Excellent’ and EPC ‘A’ ratings
  • a new area of useable public space between Marischal College and the new buildings.

Leading UK restaurant group, Prezzo, has joined All Bar One and Marriott Hotels on the development's list of occupiers. Mackie’s of Scotland will open a new ice cream parlour and coffee shop and Aberdeen Journals will move into Grade ‘A’ office accommodation at Marischal Square this year.

The development is scheduled for completion in July 2017.

 

Responsible business

Planet

Planet

The new scheme will give a greater prominence to the 469-year-old Provost Skene's House.

People

People

The project will create 300 jobs during the construction process, with the potential for 1,500 new jobs in the area when it is complete.

Profit

Profit

The funding agreement with Aviva Investors will see Aberdeen City Council lease the development from Muse and receive the rental profits for 35 years, after which time the site and development will transfer into Council ownership.