LaSalle Investment Management (“LaSalle”), one of the world's leading real estate investment managers, acting on behalf of a pension fund client has revealed plans for a major redevelopment of the BHS store at 64 Princes Street, Edinburgh which when completed would have a value of circa €60m (£50m). The proposals include plans for improved shopping facilities fronting onto both Princes Street and Rose Street, a new hotel and ‘destination’ rooftop restaurant and bar. The BHS store still trading in Administration but is thought likely to close in the near future with the potential loss of 50 jobs.

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