Regeneration specialists Artisan Real Estate has formed a joint venture company with fund manager REInvest Asset Management to redevelop the former Deutsche Bank House at 525 Ferry Road, Edinburgh, near the Crewe Toll roundabout, which has been vacant since 2018.

Consultation for the site, to be known as 525 Park View, will begin with a drop-in public meeting on Saturday 28 October, at Fetlor Youth Club on Crewe Road South, between 12 noon and 4pm.

The open session will allow members of the local community to meet the design team behind the proposed project, which includes Edinburgh-based 7N Architects.

Follow-up design workshops are also planned before the end of the year, with a full presentation of the final scheme, ahead of any planning submission, anticipated for early 2023.

A project website has been set up at www.525parkview.co.uk to provide more details of the project proposals and the ongoing consultation process. All presentation boards will be published on the website within 48 hours of each event, with an opportunity to comment and feedback.

David Westwater, Artisan’s regional director for Scotland, said: “This is an exciting opportunity to create a long-term sustainable future for what is a predominantly redundant building and bringing a new community to an accessible city centre site.

“Our initial ideas will be guided by sustainability and low-carbon design and encompass a mix of development, led mainly by residential as well as much-needed affordable housing and ancillary commercial uses.”

Thomas Merkes, head of asset management at REInvest Asset Management, added: “Our joint venture partnership with Artisan represents a major step forward in providing an innovative and collaborative mixed-use development solution to unlock the potential for this significant city centre site, which is set to create a genuinely transformational development in an accessible city centre location.

“We are looking forward to the launch of the consultation which will provide the perfect platform to show how we can make a positive contribution to the local area, bringing investment, life and excitement back to this important part of the capital.”