Commercial news

Subscribe to industry newsletters

Press offices

Enquire about a press office
Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Commercial news

Scottish writers slam SA-backed property development

A property developer with powerful South African backing claims that his new building, which is planned for Edinburgh in Scotland, will be a "vibrant scheme".

This Edinburgh development by a South African company has drawn criticism from the media. Image: Edinburgh Architecture
But a group of leading Scottish authors, supported by many others, say it will "tear apart the fabric" of a city that likes to style itself the Athens of the north.

Lukas Nakos, head of Artisan Real Estate, is backed by Sanlam and Atterbury Property. He has won permission from the Edinburgh city council to build the Caltongate development in the historic Old Town part of the city.

Among those opposed to the plan are Irvine Welsh and Alexander McCall Smith, author of The No 1 Ladies Detective Agency "This massive stale, sterile, modernist confection of concrete by a South African speculative developer is completely at odds with its surroundings," said the letter, which was carried in The Scotsman.

Nakos, who was born in Zimbabwe and educated in Cape Town, lives on the Isle of Man.

In an interview with the Sunday Times this week, Nakos said he was surprised by the late objections to what had been an "extensive consultation process".

"What exactly is it that's concerning them other than that there are foreign investors coming in and developing in Edinburgh?"

Nakos said the site he planned to build on had been a vacant "gap" that had been described as a blight on the city.

"We're doing it with sensitivity and we're saving historic buildings that were going to be demolished under a previous scheme [of a developer that went bust]," he said.

"The fact that we've spent two years consulting with people and applying different designs and concepts, and then you have this comment in the press and generic distaste and distrust of South African investors . it's rather disappointing," he said.

Despite the objections, construction of the building is going ahead.

"It's done and dusted. It's all been approved," said Edinburgh council spokesman Noel Miller.

Source: Sunday Times via I-Net Bridge


SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.

News