The £4 million redevelopment of the Clocktower, which was originally built with stone and cast iron in 1877, has taken two years to complete.

The project, undertaken by Unicorn Property Group, saw the Category A-listed six-storey building converted into 12 luxury flats, with under-floor heating, solid wood finishing and integrated home entertainment systems.

Around 150 people, including senior academics from the city’s universities, local sports stars and politicians, attended last night’s event.

Tim Allan, director of Unicorn Property Group, said

“This is a once-in-a=lifetime opportunity. It is said that Dundee's is the last waterfront in Europe to be modernised and any development programme should make outstanding uses of its architectural jewels.  We hope people will see the Clocktower as the embodiment of all that is exciting about a modern aspirational Dundee.”

Thorntons Property Services have been appointed as sales agents with properties available from £295,00 to £535,000.

George Solely, director of property sale at Thorntons, said, “This is a one-off. I am stunned by the specifications that Unicorn has built in as standard and I am convinced that the Clocktower will be highly sought after.

“It is the type of accommodation that Dundee has never had in the city centre before.”

The Clocktower has six floors, an internal car park, three floors of two to three bedroom apartments with a further two floors comprising three penthouse apartments with terraced roofs.

Clocktower Redevelopment  - 28th May 2009

THORNTONS Property Services has been appointed sales agent for the Unicorn Property Group’s flagship development at Dundee City Quay.

The Clocktower redevelopment, to be formally launched today, comprises 12 highly-specified apartments and is worth more than £4m.

The Clocktower was built with stone and cast iron in 1877, and is a category A listed Victorian building.

It has dominated the once busy harbour, and ships set their clocks by it as they embarked on their voyages across the world.