September 1 2008

A derelict bus depot at Shrub Place, Edinburgh, is set to be transformed with new housing and retail in a £70million venture from Broadway Malyan and BL Developments.

Originally given the go-ahead by councillors in April 2006 the scheme has been quagmired in legal wrangling over tram contributions.

The scheme will provide 400 homes, predominantly of one and two bedrooms, a quarter earmarked for affordable housing.

Philip Myerscough, managing director of BL Developments, said: "Signing of the (legal agreements] has taken an inordinate amount of time.  These things always take longer then you hope, and this is a major development, so inevitably has taken longer.  But it's going to be fantastic for Leith Walk and the city."

Construction is to begin in early 2009 for completion in 2012.

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