The Mill Quarter development, which will be located on the site of the Thimblerow car park, will comprise of restaurants and bars, speciality shops, a cinema, gyms, housing, and a multi storey car park.
This multi million pound project was secured by Perth and Kinross Council and helped by collaborative marketing undertaken by the Scottish Cities Alliance, a partnership between Scotland’s seven cities and the Scottish Government.
Expresso Property have been selected by Perth and Kinross Council as the preferred developer for the site.
Speaking as he visited Perth Concert Hall to make the announcement, Deputy First Minister John Swinney said:“If Scotland’s cities thrive so too does the rest of the country, and I am pleased to announce this exciting new £30 million venture for Perth.
“By providing a unique new destination for restaurants, retail and leisure, the Mill Quarter development will boost the local economy by creating jobs and attracting visitors to the area.
“The Scottish Cities Alliance provides a single point of contact for potential investors to access all seven Scottish cities. This success clearly signals the benefits of our cities and the Scottish Government working together in partnership. I am delighted that this is the first deal to be done, and I hope it will be the first of many.”
Councillor Andrew Burns, Chair of the Scottish Cities Alliance said: “This is a fantastic result for the city of Perth and my congratulations go to everyone involved in bringing the deal to fruition.
“I am quite sure that, thanks to our ongoing collaboration and, in particular, to the development of the Investment Prospectus, we can look forward to attracting many more major investments from across the globe.”
Nicholas Robinson of developers Expresso Property Limited said: “That forward thinking has been crucial in establishing the real business case for this development here in the heart of Perth and we are now excited to get the project underway.”