West Coast Estates, the Aberdeen-based property development and investment company, has completed the acquisition of one of the largest consented commercial development opportunities in St Andrews.

Craigtoun Park, which has an estimated completed development value of approximately £25 million, is a 7-acre mixed-use development comprising more than 60,000 sq. ft of consented commercial and employment space.

The business park, which will feature a combination of fully-serviced retail, office, and business units, represents a rare development opportunity in St Andrews. The flexible mix of unit sizes and uses will allow the development to accommodate a range of occupiers, serving both the local community and visitors alike. The acquisition follows planning permission being granted to West Coast Estates last year.

The development coincides with the delivery of around 1,250 new homes in the surrounding area. It is estimated that the business park will create at least 170 permanent jobs and 100 construction jobs, while giving the local community greater choice, boosting the local economy and generating over £500,000 pa. in business rates to support essential services.

Craigtoun Park is expected to attract leading operators within the consumer and business-to-business sectors, ensuring strong, long-term demand, while also providing modern, purpose-built spaces for local businesses. Discussions are progressing with several prospective occupiers, including a potential anchor.

West Coast Estates Director, Iftikar Mian, said: “The completion of the acquisition of Craigtoun Park is a significant moment for West Coast Estates as we continue to expand our focus on breathing new life into brownfield and underutilised sites across Scotland.

"Development opportunities of this scale in St Andrews are extremely rare and represent a fantastic opportunity for established operators as well as local businesses."

“The business park, which benefits from fully serviced plots in a highly visible gateway location into St Andrews, will complement St Andrews’ existing business ecosystem by attracting major new occupiers while also providing existing local businesses with an opportunity to expand into purpose-built, modern facilities that are within easy reach of the town centre.

St Andrews is a historic town on the east coast of Fife, approximately 30 miles from Edinburgh and 10 miles from Dundee. A famous university town, its population is swelled by more than one million visitors annually.

Craigtoun Park is set in a naturally enclosed plot defined by mature landscaping, stone walls and established topography. Careful consideration has been given to ensure the development integrates seamlessly into the surrounding landscape. Larger plots will be naturally screened by existing trees, hedgerows and changes in level, while varied building forms, stepped rooflines and high-quality landscaping will help connect the development to its surroundings.

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West Coast Estates has been delivering commercial and residential developments across Scotland since 1991, working closely with occupiers, surveyors, residents and public bodies to add value to local communities.

With an active development pipeline representing an estimated completed development value of more than £60 million, the company continues to progress projects that support economic growth, create jobs and unlock the potential of underutilised land across Scotland.

The Craigtoun Park development forms part of this wider pipeline, alongside an ultra-fast electric vehicle charging hub and retail unit on 1.1 acres at Broxden in Perth, a roadside development of 3 acres in Huntly, Aberdeenshire, and a 7.5-acre mixed-use development in Aberdeen.

For further information regarding plot or occupier information, contact info@westcoastestates.co.uk