Thursday 8 September 2011

Major Investment Generates Opportunities for Scottish Property Developers

Scottish commercial property developers are set for a major boost after Doosan Power Systems and Scottish Enterprise reached an agreement which could bring in 1700 jobs and £170m investment.

The international engineering company is to open a new R&D Centre of Excellence for Renewables near Glasgow, and may also develop wind turbine assembly and manufacturing facilities as part of a proposed £170m investment.

Doosan claim this could create up to 1700 new jobs, 700 directly and 1000 in the supply chain.

In turn this will generate further opportunities for property developers and investors in the area, through increased demand for new homes and leisure and retail activities.

Doosan Chief Executive Jean-Michel Aubertin said: “We are delighted to be strengthening our successful partnership with Scottish Enterprise.

“Together we hope to develop cutting-edge wind power technology that will enhance the role of renewables in the energy mix.

“This is also great for Scotland’s economy in terms of jobs and inward investment.

“Doosan’s current wind power portfolio and position with the industry will continue to grow strongly over the coming years.”

Scottish Enterprise Chief Executive Lena Wilson said: “This is an exciting time for Scotland’s renewables industry and this announcement builds on the significant offshore wind momentum we’ve seen in recent months with investment from international players such as Mitsubishi, Gamesa, and Technip.

“Doosan’s investment in a new R&D facility cements Scotland’s reputation as the leading location for the development of offshore wind technologies.”

For further information, contact Mark Barton at Clyde Waterfront on +44 141 229 5423 or m.barton@clydewaterfront.com

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