The company which was set up to build Edinburgh Park has gone into administration.
New Edinburgh Limited was set up in 1990 as a partnership between the City of Edinburgh Council and the Miller Group.
The company built office blocks before selling them on and sold land to developers who wanted to construct their own.
It now owns 30 acres of undeveloped land next to Edinburgh Park train station and partly let office block near the Gogar roundabout.
Deloitte have been appointed administrators for the company and will now look at what to do with the assets.
No jobs will be lost as the company has no employees.
Cllr Andrew Burns, said: "In consultation with fellow stakeholder Miller Developments Holdings Limited, CEC Holdings has made the decision not to provide any further investment in New Edinburgh Ltd (NEL).
"NEL was set up to generate development and employment and it has been highly successful in doing both. Since its creation in 1990 it has created 7000 jobs and been responsible for the construction of 1.3m square feet of office space.
"It has also generated millions of pounds in dividends for the stakeholders which has been put to good use funding City of Edinburgh Council services for local residents.
"Unfortunately, the economic climate has changed due to global factors and the demand for office developments has declined. As such, even though overall NEL has been a successful and worthwhile venture it no longer offers sufficient benefit to justify the use of additional Council funds."
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