finance

Drum’s Leith Walk proposal gets council planning approval



Drum Property Group’s proposed redevelopment of a site on Leith Walk in Edinburgh is set to become a reality following the granting of planning consent.

The plans for Stead’s Place, near the foot of Leith Walk, were approved by the City of Edinburgh Council today, heralding a major regeneration of the 2.9 acre site.

It site has been earmarked for development by the council since 2008 and consists largely of an aged industrial estate and office space, together with a two-storey sandstone building facing directly on to Leith Walk.

Drum will now replace the existing industrial units with 148 apartments, including 38 affordable homes, as part of a landscaped residential scheme linking to Pilrig Park and beyond.

The sandstone building will be retained, refurbished and made available for commercial occupation.

The planning consent is the culmination of four years of research, planning and community engagement by Drum since it first purchased the site in 2017.

The current proposal follows a six-month consultation with the local residents and businesses, with almost three quarters of those consulted either supportive or neutral about the revised plans.

Graeme Bone, group managing director of Drum, said: “Our proposals will replace old and tired industrial, office and retail space with new, more flexible, higher quality accommodation for people to live, work, shop, eat, drink and to be entertained in – as well as opening up a safe and landscaped thoroughfare connecting Leith Walk to Pilrig Park.

“We believe we have responded directly to the objectives and vision the community has for the site.

“Our proposals now offer the optimum solution for all parties, providing a refurbished retail and office parade combined with a new community of housing to the rear, set in landscaped grounds, enhancing the area’s distinctive cultural feel and identity.”

Drum stated a commitment to ensuring the shop frontages on to Leith Walk retain the current individual style and size, reflecting and supporting the current local small trader units at the site, while refurbishing the office suites for rent on the first floor.

Bone added: “By retaining and refurbishing the red sandstone buildings facing on to Leith Walk, we are also contributing to the wider regeneration of the local area, providing investment to create an attractive and distinctive destination and focal point which is needed now, more than ever, as the local area recovers from lockdown and the new tram works are progressed.”

The planning consent follows a previous application submitted by Drum to the council in 2018.

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