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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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Weather for Edinburgh

Wednesday 15 February 2012

5 day forecast

Today

Cloudy

Cloudy

Temperature: 6 C to 11 C

Wind Speed: 18 mph

Wind direction: West

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Cloudy

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Temperature: 6 C to 11 C

Wind Speed: 20 mph

Wind direction: South west

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