Mactaggart and Mickel Press Release 10th March 2006

£35m Canal Plan

M&M Lochrin Ltd, a joint venture between housebuilder Mactaggart & Mickel and Edinburgh Quay Limited (a joint venture between Miller Developments and British Waterways), is submitting an application to the City of Edinburgh Council to build 133 properties on the historic Lochrin Basin site and extend the Union Canal.

The scheme will offer one, two and three bedroom luxury apartments along with an additional 20 affordable homes, underground car parking and three commercial units. A new canal basin will also be built on the site linking it to the Union Canal and will provide moorings for boats.

Ed Monaghan, Managing Director of Mactaggart & Mickel, said: “This is certainly one of the most ambitious and exciting regeneration schemes we have ever been involved in.

“The two apartment blocks will have fantastic views of the canal and will be close to all the great bars and restaurants in this newly thriving area of the city.”

Omar Elmi, Director, Edinburgh Quay Ltd, said: “Our proposals for the site will mark the next stage of regenerating the Fountainbridge area. Following the successful development of Edinburgh Quay Phase 1 and the ongoing construction of Phase 2, the Arnold Clark site offers a fantastic canal side residential opportunity.”

Norrie Courts, Head of Property for British Waterways Scotland, added: “The continued regeneration of Fountainbridge and the Union Canal is great to see. The M&M Lochrin proposals include new waterspace as part of the development in accordance with the council approved Fountainbridge Brief. This high quality residential development built around a new basin will further enhance the eastern terminus for the Millennium canal link.”

This scheme has been designed by Michael Laird Architects in conjunction with M&M Lochrin Ltd.

“'Michael Laird Architects are delighted to be involved with the mixed use urban regeneration of the former Arnold Clark garage. The site is pivotal in encouraging pedestrian links with the rapidly expanding Fountainbridge area and the south of the City.

The high quality architectural proposals are seen as the natural urban extension of the highly successful Edinburgh Quay. They enhance the public realm with the creation of positive urban space which will be sustained by the mixed uses making the development a vibrant environment, a real destination,” said Jeremy Scott, Design Director, Michael Laird Architects.

Originally Lochrin Basin was one of the three lochans associated with the adjacent Haig’s distillery during the 1800s.

The Basin was infilled during the late 19th and early 20th centuries and a rope works was built on the northern part of the site in the 1900s.

Glasgow based Mactaggart & Mickel, which is currently celebrating 80 years in business, is a leading authority in the provision of new build residential development having created some of Scotland’s most exclusive developments, such as Bonaly in Colinton or Hillpark in Blackhall, in Edinburgh.

The company is also currently awaiting planning permission to build 165 new homes at Millerhill in the heart of Midlothian.