Interserve flogs stake in Edinburgh project for £50m

Interserve

Deal with M&G Real Estate expected to herald more disposals

Interserve has sold its stake in a mixed-use scheme in Edinburgh for close to £50m.

The firm formed a joint venture five years ago with Tiger Developments to invest in and construct a £200m mixed-use development in the Haymarket area of the Scottish capital.

The site now has planning for three office buildings running across 345,000 sq m as well as retail space along with a 190-bed hotel and a 170 unit apart-hotel.

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