Edinburgh City Council has given the green light to proposals which will see the city centre’s Haymarket Yards become home to a nine-storey hotel.
The developments will also see the creation of a ground floor café and a separate office building with a nearby public plaza.
Brought forward by Stamford Property Holdings, construction is expected to commence in 2024.
The current brownfield site contains Elgin House, an outdated low-rise office building which is set to be demolished.
The main railway line between Edinburgh and Glasgow as well as the national cycle network, pass in front of the site.
Designed by N7 Architects, the 183,000 sq ft development is designed to be net-zero in operation, as occupiers look for more sustainable workspaces. The on-site office parking will provide four spots with electric vehicle charging capabilities.
Uri Goldberg of Stamford Property Holdings said: “Our development will regenerate and intensify a current brownfield site in Edinburgh city centre, meeting a significant demand for a new kind of workspace that is sustainable and enhances the wellbeing of occupiers, designed to be amongst the highest standards of ESG compliant developments coming forward.
“Addressing a growing demand for modern office workspaces in this historic city, this will help to retain and create jobs in the city centre. Additionally, our hotel offering serves to address a clear need for bed spaces. This will allow people to work and stay in the city centre, supporting local businesses.”