Crosswind Developments, the sister company of Edinburgh Airport, has appointed global real estate services firm Cushman & Wakefield to advise on the strategy and delivery of more than 100 acres of development land at Edinburgh Airport.
The site will be released following closure of the airport’s little-used secondary ‘crosswind’ runway. It stretches from south-east of the passenger terminal towards the Gogar roundabout, where the City of Edinburgh Bypass meets the A8.
As part of its plans Edinburgh Airport’s newly formed company Crosswind Developments has already stated it intends to fund a new terminal access road adding to the already-impressive local infrastructure. This includes the nearby Edinburgh Gateway Station, the tram-train interchange which opened in December with direct links to the city centre as well as north to Fife and beyond.
John Watson, chief executive of Crosswind Developments, said:
“Cushman & Wakefield understands our vision to create a mix of property developments that complement the airport and enhances the local economy. They have a long track record of working with our neighbours and partners who have something to contribute. They have the experience in delivering complex development projects. We look forward to working together to create a sustainable development we will be proud of in years to come with more jobs, bringing a wider benefits to the west of Edinburgh.”
Cushman & Wakefield’s team includes practice leaders in development and planning, energy and sustainability and financial modelling alongside its market-leading Edinburgh team.
Nick Lambert, Partner, Cushman & Wakefield who will lead the firm’s advice said:
“The development land at Edinburgh Airport is one of the best-connected strategic sites in Scotland, positioned adjacent to the airport and within a dynamic regional economy.
“Our role will be to maximise this opportunity – for both the airport and the west of Edinburgh – and to prepare a delivery strategy that makes it happen. We have a long experience of preparing and executing strategies for development sites with similar characteristics to the airport and for clients who want to deliver the best financial, environmental and reputational outcomes.”
Mark Jones, Partner in Cushman & Wakefield’s Edinburgh office, said:
“This is a prestigious mandate for a mixed use scheme that will leverage the value of its proximity to Edinburgh Airport. The site has the potential to unlock new infrastructure that could help transform and bring wider benefits to the west of Edinburgh.”
Cushman & Wakefield has played a leading role in planning and delivering some of the UK’s highest profile and strategic development projects as well as advising on projects which are fundamental to transforming local economic, social and physical landscapes. The team has advised on over 60,000 acres of brownfield land across a diverse range of property and infrastructure sectors including airports, energy, industrial, military, ports and rail. The firm has advised on the new 15,000 home Ebbsfleet Garden City and the 110 acre mixed use scheme at FourthQuarter, Granton in Edinburgh.