One City, Many Discoveries

ONE CITY, MANY DISCOVERIES INVESTOR PROSPECTUS LOCATE-DUNDEE.CO.UK THE CITY Dundee – known as Scotland’s ‘sunniest city’ – is located at the head of the River Tay on the captivating East Coast. Dundee is the capital of an extensive region that includes Perth & Kinross, Angus and North Fife. The Tay region has a population of around half a million people and is an area famous for offering an outstanding quality of life. Dundee is a dynamic, ambitious city with a remarkable history and an exciting future, driven by the development of Dundee Waterfront and a wave of investment that is transforming the economy. Come and discover Dundee – there are opportunities at every level for investors, developers, businesses and entrepreneurs. BRING YOUR TALENT AND SHAPE OUR FUTURE WHY DUNDEE? Dundee is a city in transformation and offers extraordinary investment opportunities. THE THIRD-LARGEST REGENERATION £1BN PROJECT IN THE UK The £1bn, 30-year Dundee Waterfront Development. UK’S FIRST UNESCO CITY OF DESIGN Joining their Creative Cities Network of global cities including Seoul, Kobe, Montréal, Singapore, Shenzhen, Berlin, Buenos Aires, Helsinki, Bilbao and others. V&A DUNDEE The only design museum in the UK outside of London UK’S HIGHEST AVERAGE BROADBAND SPEEDS 99% access to super-fast broadband (www.speedtest.net) DIRECT FLIGHTS TO LONDON STANSTED from Dundee Airport (daily exc. Saturday) a 5 minute drive from the city centre (Dundee Airport/Loganair) RECOGNISED EXCELLENCE IN ACADEMIA AND RESEARCH Two world-class universities in the city and University of St Andrews within a 25 minute drive. A GLOBALLY RECOGNISED REPUTATION FOR INVERNESS TEACHING AND RESEARCH ABERDEEN In areas as diverse as biotechnology and computer gaming CITY POPULATION OF 148,270 With approximately 306,300 people living within a 30 148,270 minute drive time of the city (Figure 1) ANGUS (Ordnance Survey) PERTHSHIRE 90% OF SCOTLAND’S POPULATION LIVE DUNDEE 90% WITHIN A 90 MINUTE DRIVE TIME FROM PERTH FIFE DUNDEE ST ANDREWS ONE OF THE HIGHEST STUDENT:POPULATION STIRLING RATIOS IN THE UK At 1:5, with 50,000 studying within 30 minutes of the city. EDINBURGH GLASGOW HOUSE PRICES ARE MORE AFFORDABLE IN DUNDEE THAN IN ANY OTHER SCOTTISH CITY FIGURE 1 With an average house cost of £142,018: 42% less than 30 minute drive catchment area for Dundee Edinburgh and 20% below the Scottish average. Source: Registers of Scotland (2016) Dundee AVERAGE HOUSE PRICES BY TYPE AVERAGE RENTAL PRICES Scottish cities 2016 (Registers of Scotland, 2016) Average rental prices are also more competitive than other cities (numbeo.com) 1 BEDROOM CITY CENTRE APARTMENT £246,433 £248,437 £362,156 £362,156 £157,357 £162,301 £238,710 £285,210 £114,997 £165,826 £204,403 £261,579 £115,877 £128,860 £137,904 £208,020 LOCATION MONTHLY RENT LOCATION MONTHLY RENT London £1,683 Liverpool £615 Edinburgh £699 Leeds £653 Glasgow £605 Aberdeen £653 Bristol £856 Bradford £475 Dundee Dundee Dundee Dundee Edinburgh Edinburgh Edinburgh Edinburgh Aberdeen Aberdeen Aberdeen Aberdeen Glasgow Glasgow Glasgow Glasgow Manchester £696 Dundee £419 DETACHED SEMI-DETACHED TERRACED APARTMENT STRATEGIC LOCATION With its central location and exceptional e-connectivity, Dundee is ideally situated to support investors and entrepreneurs. Businesses are easily connected to Aberdeen, Edinburgh, Glasgow, Inverness and beyond: more than 90% of Scotland’s population is within a 90 minute radius, and the city has excellent rail and air connections. Another key gateway, just a short walk from the city centre, is the Port of Dundee, where unrestricted river anchorage is available for deepwater vessels of up to 240m. AN ECONOMIC LOCATION • Within 90 minute drive time: access to 90% of Scotland’s population • Trains to Edinburgh every 30 mins and regular rail services to Glasgow and Aberdeen • Direct trains to London in under 6 hours • Maximum drive time between points within the city: 20 minutes • Fly to London Stansted in a little over an hour from Dundee Airport which is LOCATION ROAD RAIL 3km from City Centre and 5km from Glasgow 91 81 the Port of Dundee Aberdeen 80 72 • Edinburgh International Airport is a 1 Edinburgh 85 73 hour drive away • The Port of Dundee: a thriving commercial Manchester 287 289 port and a growing Cruise Terminal Leeds 303 272 • The city’s bus network offers Birmingham 353 342 comprehensive real-time information Bristol 437 416 • The Green Circular, a signposted 27 mile London 479 344 cycle route around the entire city, mostly TRAVEL TIMES TO DUNDEE Times in minutes off-road CITY CENTRE FROM UK CITIES KEY DATA POPULATION WORKING AGE EARNINGS POPULATION DUNDEE 148, 270 98,700 £484.20 Dundee Total Median Gross Weekly Earnings 490,000 66.6 (FTE) – resident Tay Region % of population £505.30 5,373,000 35,606 Median Gross Weekly Scotland Age 16-29 Earnings (FTE) – working in Dundee (source, in order) (source, in order) NRS mid-year population estimates, 2016 SDS Local Authority Profile, 2016 Tay Cities Deal, 2014 SDS Local Authority Profile, 2016 £24,854 Office for National Statistics 2015 NRS mid-year population estimates 2016 Median Gross Annual Pay (FTE) QUALIFICATIONS RESIDENTIAL COSTS (source, all) ONS Annual Survey of Hours & Earnings, 2016 31.3% £142,018 % With degree or Average House Price TOURISM equivalent Dundee £419 Average Monthly Rent 826,200 28.9% (1 bedroom) Visitor No. p.a. % With degree or equivalent £161/m2 £155.38m Scotland Prime city office rents Annual Economic Impact (source, in order) Registers of Scotland, 2017 ONS Annual Population Numbeo, 2017 (source, all) Survey, 2016 Rydens, 2017 Global Tourism Solutions (UK) Ltd, 2016 DUNDEE’S GROWTH SECTORS Dundee has pioneering strategic investment partnerships that are helping drive the competitiveness, diversity, strength and growth of the regional economy. ENERGY TOURISM Encompassing offshore wind farms; oil & gas; Dundee’s Tourism Strategy aims to increase the value decommissioning; and emerging and growing areas of tourism from £155m to £185m; increase visitor such as hydrogen and electric vehicles, development numbers and increase day visitors from 826,200 to across this sector is being driven by the demand for 1,120,000 by 2020. lower energy costs and increased sustainability, which is attracting investment and jobs into the The city’s vision is to make Dundee one of the best region. small cities in the UK for cultural short breaks. In 2018, the V&A Dundee will open and it will be the cultural LIFE SCIENCES & HEALTH showpiece of the award-winning With a global reputation as a leading centre for £1bn Dundee Waterfront. Dundee’s status as the first life sciences, healthcare, meditech and medical UNESCO City of Design in the UK recognises these research, many of the world’s most talented scientists, cultural credentials, and the aspiration to become innovative companies and leading research institutes European Capital of Culture in 2023. lie within a five mile radius of the city centre. Business Tourism, currently worth over £60m to the RETAIL city, is growing year-on-year, and national and Dundee is a key destination in the North-East for international conferences in 2016 brought 215,676 retail, with national chains and independent retailers. UK and 19,551 international delegates, using The largely pedestrianised city centre is home to two 46,414 bednights. modern shopping malls connected by a compact (DACB 2016) network of attractive streets. CONTACT CENTRES CREATIVE INDUSTRIES Dundee has a strong track-record in the The UK’s only UNESCO City of Design, Dundee is a Contact Centre industry, due to its strong world leader in computer games development. The labour pool with excellent creative industries work in partnership with the city’s communication skills – including strong knowledge economy, and companies locating graduate talent – and its strategic in Dundee can tap into a deep pool of highly-skilled location. It also offers advantageous and accessible talent. property and staff costs. LOCATING IN DUNDEE Dundee City Council has a policy of actively supporting investors, developers and businesses. Dundee can offer highly competitive office and industrial space that is tailored to a wide range of new and expanding companies. There are high-tech facilities to support Dundee offers the support businesses knowledge-based businesses at specialist sites such as Dundee need to thrive, with access to: Technology Park, Ninewells Medi-park and Dundee Technopole. • The right land, buildings, location and For creative industry start-ups, the Seabraes Creative Media infrastructure District offers the chance to locate alongside like-minded businesses in quirky, inspirational recycled shipping containers. • An attractive physical environment • A sensible and welcoming planning regime The Central Waterfront will offer 42,000m2 Grade A office space and has 157,935m2 of ‘shovel-ready’ development land ready for mixed-use development across 18 sites. PRIME ANNUAL OFFICE RENTS SCOTTISH CITIES 2016 £Ryden (2017) cost per m2 COST PER SQ. M Dundee Aberdeen £161 £323 Glasgow Edinburgh £345 £323 OPPORTUNITIES Developers, investors and companies across the entire business spectrum can still be part of one of Western Europe’s most extensive and DUNDEE WATERFRONT – transformative waterfront projects. A UNIQUE OPPORTUNITY • £1bn investment The V&A Dundee will provide a landmark international • 7,000 new jobs destination at the Central Waterfront. The transformation is • 240 hectares of development land already having an impact, with new hotels, businesses, retailers and entrepreneurs investing in the city. • UK’s third-largest regeneration project, largest in Scotland Visitor numbers to the city are expected to increase, with three million • Scotland’s first sustainable community additional visitors predicted between 2018 and 2028, generating significant additional income. INVESTMENT AND DEVELOPMENT MADE EASY Most of the land at the Central Waterfront is owned by Dundee City Council, and the city development team is committed to a straightforward and rapid investment process.

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