Aberdeen’s indoor market and former BHS building could be transformed under major new regeneration plans, the Evening Express can reveal today.
Owners Rockspring have announced they are working with Aberdeen City Council to explore development possibilities.
And it is understood the local authority has now backed funding for a study into how the premises can be given a new lease of life in the future.
Assistant director of Rockspring Shaun Hose said: “We are currently exploring exciting options for our buildings on Union Street and the InShops market with Aberdeen City Council.
“These are in the early stages of development but could play a major role in the revitalisation of Union Street and the overall city centre regeneration. They will be shared with all stakeholders and the public for consultation in due course.”
The indoor market is identified as a key project in the City Centre Masterplan.
It was described in the report as “becoming increasingly tired through lack of investment” and not in keeping with the Merchant Quarter.
Possibilities highlighted in the masterplan include retail and housing.
Meanwhile, BHS has lain empty since shutting its doors in August after the company collapsed.
It is understood the finance, policy and resources committee agreed in principle to fund a report into options for the premises at a private meeting yesterday.
An item on the agenda was about “proposed feasibility funding” for both sites, which was said to have been backed with “no division”.
A source said: “It would be a small amount of money for a study looking at revamping that site and indoor market, which is looking a bit depressed.
“The owners know the council has a pocket full of money to carry out these studies and they’re just asking for that.
“It could be anything from shops to demolishing it.”
The source added the local authority would only pay for the study while the revamp of the sites would be done by the owner.
An Aberdeen City Council spokeswoman said the local authority could not comment for legal reasons.