BP Pension Fund’s retail scheme in Edinburgh has been given the go-ahead after its sale by RBS.
Construction of 114 residential properties and 58,500 sq ft of retail, known as Edinburgh West Retail Park, will begin this month.
BP will forward fund and buy the retail element once completed by developer Ediston Real Estate.
The retail park, part of the 8.5-acre former fruit market site at Chesser Avenue, will include retail units pre-let to Marks & Spencer, Home Bargains and Aldi.
Having secured planning permission for a 114-unit, social-led residential development, RBS has sold this part of the project to Chesser Developments.
Scottish Futures Trust has funded 80 affordable housing units for rent.
The scheme will also include 34 homes for private sale.