The New Waverley development, the £200 million regeneration scheme currently transforming the heart of Edinburgh’s Old Town, has scooped the top award for the Commercial Project of the Year at the 2017 Herald Property Awards for Scotland, recognising the development of Accor Hotels’ Adagio Aparthotel overlooking the Royal Mile, and The Arches, a row of Victorian arches which has been transformed into a vibrant retail and leisure quarter for the city.

As well as the 146-apartment Adagio Aparthotel, the development has also seen completion on a Premier Inn and a Hub by Premier Inn. This is the third major award that New Waverley has won in 2017.

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