Glasgow bar and restaurant tycoon Stefan King has emerged as the developer behind “ambitious” plans to take over Greyfriars Church, next to Marischal College.
Mr King’s company G1 Group pledged to stick with its plans to invest in the Grade A-listed Gothic church despite the oil and gas downturn.
Plans for the church have not yet been disclosed, although Aberdeen City Council’s masterplan indicates it could be used for a bar, a hotel or an office.
A scheme to turn it into the headquarters of an oil company were abandoned in 2013 after the project hit planning delays.
G1 also owns the Illicit Still, the pub and restaurant across the road from the 115-year-old church. G1 Group is also owner of the Palm Court Hotel.
In a statement, G1 said: “Despite the continuing challenges for the oil sector, G1 has invested in Aberdeen acquiring the iconic Illicit Still, and embarking on an ambitious redevelopment of Greyfriars Church.”