Supermarket chain Lidl and discount store Home Bargains are set to give the long-awaited regeneration of Craigmillar town centre a major boost.
The duo have revealed plans to move into the area just weeks after the company in charge of its redevelopment reported a £1.3 million loss.
Housebuilders have also been confirmed for sites on Niddrie Mains Road and Wauchope Terrace as well as a 7.7-acre site in the Greendykes area.
Parc has said that demand for shops would be increased through the building of nearly 2000 new homes in Craigmillar.
Councillor Frank Ross, economy leader at the city council and chairman of Parc, said that attracting leading retailers would “undoubtedly” act as a catalyst for further investment in the area.
He added: “We are also very pleased to be working with CCG (Scotland) Ltd for the development of 121 homes in Craigmillar’s town centre, and to have a major housebuilder, Barratt Homes, looking to provide a wide range of new homes in Greendykes to meet the demand for family housing in the area.
“These new homes and new shopping facilities are planned to start on site during 2016 and will create jobs, building on the council’s investment in the new neighbourhood centre and library which brought over 200 jobs into the area.”
Parc was set up by the city council and its arms-length development company EDI to spearhead the regeneration of Craigmillar.
A confidential report to the Parc board at the end of January said that a loss of £1.3m was due to a land sale for residential development as part of the town centre project which “couldn’t be achieved” and fees incurred in previous years which had to be written off.
But a company spokeswoman stressed that the accounts had been in draft form and actual losses had been “significantly lower”.
She said: “2015 has seen increasing interest in Craigmillar so Parc is looking forward optimistically to the remainder of 2015 and even more growth in interest in development.”