Persimmon plans £36m investment in former AECC site
Persimmon Homes is moving into the Aberdeen market after being granted permission to build over 300 homes in the Bridge of Don.
The housebuilder is set to spend £36 million transforming the site of the old Aberdeen Exhibition and Conference Centre (AECC).
Planners have granted permission in principle for a total of 333 homes on the wasteland where the city’s main arena once stood.
The AECC became redundant in 2019 when P&J Live was built near Aberdeen International Airport.
Demolition of the AECC’s main arena – which played host to some of the biggest names in showbiz between 1985 and 2019 – was carried out in 2021, after work was initially delayed due to the pandemic.
Planning documents confirm that Persimmon Homes is now the owner of the full site following a nationwide marketing effort by joint agents Savills and J&E Shepherd.
It is promising a “high-quality residential development” on the 14-hectare site, which shares a border with the historic Royal Aberdeen Golf Club.
Of the 333 homes, 88 will be affordable homes according to the firm’s planning statement. Persimmon intends to invest £35.8m in the site, with the development estimated to generate nearly £500,000 per annum for Aberdeen City Council in tax receipts.