Ocean Terminal owners reveal £100m redevelopment plans

The owners of Ocean Terminal have submitted a pre-application notice with the City of Edinburgh Council for a £100m redevelopment of the shopping centre, opening it up to the waterfront.Ambassador Group purchased the shopping centre in March 2020 and has used insights it gained during the past 18 months to turn create its new masterplan for the site. This includes a new mixed-use space that maximises the location and aspect onto the Firth of Forth, with a new linked entrance to the centre.The proposal promises a mix of indoor and outdoor space achieved by the demolition of the existing north multi storey car park and the former Debenhams store to allow the remaining building to be redeveloped with updated spaces for new commercial opportunities.The final stage of the masterplan is to introduce a mix of housing on the waterfront, integrating with the trams to Newhaven extension and new local amenities.Ocean Terminal will now conduct public consultation, beginning with an online exhibition set to go live on 23 September.A full planning application is expected in early 2022, with a view to start work later that year.Ambassador Group has appointed Turley as planning consultants, PMP as building surveyors and Keppie Design as architects.