Administration for development firm
THE firm behind two luxury developments on Edinburgh's waterfront has gone into administration.
Leith-based Gregor Shore, responsible for Platinum Point at Newhaven Harbour and Anchor at Granton Harbour, blamed a "material slowdown of the property market". It will mean job losses among the company's 120 staff.
But Edinburgh's economic development convener Tom Buchanan said regeneration of the waterfront would go ahead and suggested the emphasis could switch from luxury flats to affordable homes.
Administrators also said they planned to complete the two developments.
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Sunday 27 May 2012
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