McAleer & Rushe is pleased to announce that a key landmark in the construction of SOCO, a hotel and mixed-use development in Edinburgh it is building for Jansons Property was marked with a glittering topping out ceremony.
Situated on the west side of South Bridge on the south side of Cowgate the scheme is anchored by a 259-bedroom IBIS Hotel and a 4,708 sq ft Sainsburys Local and the La Belle Angele live music venue.
Eric Young & Co and Ryden are advising on the additional retail and leisure units still available to let.
Work on site was suspended and over 100 of the great and the good of Edinburgh attended the ceremony on the 9th floor, though many intrepid guests braved the breezy top floor to enjoy magnificent views from the roof.
Andy Jansons managing director of Jansons, told guests: “The SOCO complex will breathe new life into South Bridge and the Cowgate by attracting quality retailers.”
Project manager Shane McCullagh said:
“McAleer & Rushe are particularly proud to be associated with the construction of handsome development which is delivering such key economic regeneration to Edinburgh.”
“The regeneration of SOCO will bring to an end a ten-year period in which the site has blotted Edinburgh’s historic Old Town. I welcome the £35m investment and also welcome the job creation through the new retail and business units. With a new, centrally located hotel, I am confident it will further increase Edinburgh’s tourism offer in this part of the Capital.”
After the ceremony a reception was held at the Surgeon’s Hall along with wine and canapés guests were well entertained by comedian Fred MacAulay.
McAleer & Rushe is currently working on two other projects in Scotland, a 100-room Premier Inn in Aberdeen, and a 100-room hotel on Shetland for Glasgow-based BDL Management which will be occupied by oil and gas giant Total.