Crosswind Developments, the sister company of Edinburgh Airport, has appointed Cushman & Wakefield to advise on the delivery of more than 100 acres of development land at the airport.
The site will be released following closure of the airport’s little-used secondary “crosswind” runway, which stretches from south-east of the passenger terminal to the Gogar roundabout, where the City of Edinburgh Bypass meets the A8.
Edinburgh Airport’s newly formed company, Crosswind Developments, is planning to fund a new terminal access road to service the nearby Edinburgh Gateway Station, the tram-train interchange that opened in December and provides rail 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 complements the airport and enhances the local economy. We look forward to working together to create a sustainable development that will bring in jobs as well as wider benefits to the west of Edinburgh.”
Nick Lambert, a partner at Cushman & Wakefield, who will lead the firm’s advisory activities, said: “The development land at Edinburgh Airport is one of the best-connected strategic sites in Scotland. Our role will be to maximise this opportunity and prepare a delivery strategy.”
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 benefit the west of Edinburgh.”
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