Saturday, May 18, 2024
Saturday, May 18, 2024
HomeNewsBusiness NewsGreen-light for £50m former BHS store

Green-light for £50m former BHS store

The former Princes Street British Home Stores in Edinburgh is set to become a hotel, after councillors unanimously approved the plan. In September, work will begin on the B listed building to turn it into a mixed-use development which will include a 133-bedroom hotel, a rooftop bar and restaurant, restaurants and retail outlets.

The Coal Pension Investment Fund is behind the investment, and as owner of the building, is set to spend around £50m on the project with LaSalle Investment Management overseeing the fund. CDA Architects are designing the new hotel.

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