The Dundee Waterfront project, one of the largest urban regeneration projects in the UK, will announce next month that – with £600 million of committed investment now secured – it is more than half way towards reaching its total target of £1 billion of total investment.

The milestone announcement will be made in Aberdeen at the first of three investment and development roadshows, which will be followed with others in Edinburgh and Glasgow.

Committed investments so far include the new £34m Dundee railway station, hotel and retail development; a new Hilton Hampton hotel; the H&H Properties residential development; a new pedestrian bridge and office developments in the Seabraes creative site; the creation of a marina and upgrade of lock gates, the expansion of Dundee Science Centre and the funding of the flagship £81m V&A Museum of Design which is slated to open in spring 2018.

So far around 2,800 full-time equivalent jobs have been created, of which around half are temporary construction jobs while the other half are permanent. The long-term aim is for the creation of 7,000 jobs.

Most of the £85m of supporting infrastructure works such as roads, ground works, utilities, demolition and landscaping have now been completed and, with construction work on many of the project now completed or underway, a growing number of businesses and residents are starting to move into the area, which amounts to 240 acres of land along 8km of the north bank of the River Tay.

Mike Galloway, Dundee City Council’s Director of City Development, said that the project is receiving a healthy number of enquiries from local, national and international investors and developers from a wide range of sectors including the life sciences, renewable energy, professional and financial services, the creative industries, tourism, food and drink.

The Dundee Waterfront project recently released 1 million square feet of prime commercial space suitable for office, leisure, retail and residential development. Allied to the rising interest from developers this would hopefully lead to the building of more offices, hotels, bars, shops, cafes and residential developments Galloway said.

“We are delighted at the interest being shown in the business potential on offer in the waterfront area,” he said. “We are keen to encourage sustainable, design-led development that reflects Dundee’s status as the UK’s first Unesco City of Design.

“Most of the land in the central Waterfront is owned by Dundee City Council, so we can work in partnership with investors and take a long-term holistic approach to development. We are also open to joint ventures so would encourage businesses and entrepreneurs to contact us with their concepts.”