St James – Edinburgh, UK
TIAA Henderson Real Estate’s £850 million Edinburgh St James development is one of the biggest mixed-use regeneration projects currently underway in the UK. On completion, Edinburgh St James will comprise 1 million square feet of prime retail, food and leisure space and will be anchored by John Lewis. It will include one high-end hotel, up to 250 new homes and will generate up to 3,000 permanent jobs.
Edinburgh St James will strengthen Edinburgh’s reputation as a vibrant and leading capital city. When finished, the scheme will make up 21 per cent of Edinburgh’s retail offer (the St James Centre currently makes up 11 per cent), extend the city centre’s retail pitch and help Edinburgh rise six places in the UK retail rankings to seventh.
As a World Heritage site with solid transport links and a tourism trade second only to London, Edinburgh is unique city with all the fundamentals in place to deliver a large scale regeneration project. The city is the second largest financial centre in the UK and its tourist industry brings an estimated £260 million each year. Edinburgh St James will put Edinburgh on the international ‘map’ as a global retail and leisure destination.