A £40 million hotel development on Edinburgh’s iconic Princes Street, designed by Archial Architects on behalf of Belfast-based developer Deramore, has secured planning consent.

Located at 121/123 Princes Street, the ambitious development, which marks the first new hotel on Edinburgh's main shopping street for more than 50 years, comprises some 28,000 sq ft of retail space on basement, ground and first floors already pre-let to clothes chain New Look and a 97 bed Premier Inn with bar/restaurant taking up the second to sixth floors.

Cameron Walker, Director at Archial Architects, said, “This development is the first significant consent at this end of Princes Street for many years. Set to provide an excellent new building for Princes Street, this project marks the first significant consent to complement the Council’s ‘String of Pearls’ concept. Princes Street could really do with another dozen schemes like this and then we will see a significant difference!”

One of the largest architecture practices in Scotland and the UK, the Archial Group Plc employs around 200 staff in Scotland, operating from offices in Edinburgh, Glasgow, Aberdeen, Dundee and Inverness.

ENDS

For further information please contact: Cameron Walker T: 0131 226 5123 Issued on behalf of Archial Group Plc by Liquorice Media tel 0141 564 8058 Date 15th May 2009

Notes to Editors

• In addition to Archial Architects, The Archial Group Plc incorporates: Sparch (providing architectural solutions that match the energy and growth of fast-moving emerging markets in Asia); Alsop (creating challenging solutions that push the limits of conventional ideas about architecture in a provocative and colourful style); Archial Services (with a portfolio of specialist services in Planning, Facilities Management and Sustainable Futures, a dedicated team of category experts deliver creative solutions to add value to all architectural projects) and Archial Special Projects (operating worldwide, this is a vehicle for collaborative commissions that draw upon the strength of the Archial Group, combined with the skills and expertise of other external consultants. • The Archial Group Plc has created a system it calls Intelligent Architectural Design which incorporates the five dimensions required to achieve the optimum design solution: creative integrity; economic performance; environmental responsibility; social contribution and personal experience.