Edinburgh based New Land Assets (NLA), specialists in commercial property development and investment, announced plans for a £12 million development of a hotel and a supermarket near the Borders Railway terminus in Tweedbank. The company thinks that this project has the potential to attract further investment in the area.
The development at the corner of Tweedbank Drive and the main A6091 road will include a supermarket, a coffee shop, and a petrol station, creating up to 100 job opportunities in the area. A BP filling station and a Wild Bean M&S café were confirmed by the developers, while the announcement of the selected discount supermarket chain is expected soon.
“Piggybacking on the success of the reopening of the Borders Railway, we are delighted to bring forward these exciting plans at the Borders Gateway site,” said Duncan Hamilton, managing director of NLA. “The feedback we have already received has been really positive and there is a lot of excitement about our investment,” added Duncan.
The company’s plans now are to talk with more people and find out more opinions and more views on the proposed development. Premier INN and Travelodge have expressed an interest in finding a suitable site in the area a while ago, so they could be an option for the 60 bed budget hotel proposal. All in all, a public consultation on NLA’s plans will take place on the 14th of March at Tweedbank Community Centre from 2pm to 8pm.
New Land Assets was founded in 1992 and it’s a family-run private company specialising in commercial property development and investment. Their projects are in the industrial, leisure, office, and retail sectors. It is a scheme focused organisation that established close relationships with private equity funders, banks, finance houses and institutional investors in order to provide the right route to project funding.
