Latest News

Haymarket Update

Refurbishment tipped

Edinburgh start

Scheme appointment

Refurbishment to start

Edinburgh report

A recent report by Edinburgh property consultant CKD Galbraith indicated that office take-up in Edinburgh is up sharply on previous quarters. In the last 6 months relocations announced were dominated by five big lettings: 85,000 sq ft at 3 Lochside Avenue to Sainsbury’s Bank; 33,000 sq ft to Jardine Lloyd Thompson at 7 Lochside Avenue; 55,000 sq ft at Capital House to Bank of New York Mellon; 32,000 sq ft at Atria One to PwC and Skyscanner taking a further 10,000 sq ft at Quartermile One. These five deals accounted for 80% of space transacted. Research by Metropolis suggests there are still some 40 firms searching for space in Edinburgh, however most are looking for below 20,000 sq ft. A number of potential deals are currently ‘under offer’.

Add to Portfolio

BioQuarter building start

Scottish Enterprise and Alexandria Real Estate Equities have begun building work on Edinburgh BioQuarter’s £24m BioIncubator. The specialist three storey BioIncubator building, which is expected to open its doors in 2012. The 8,500 sq m (90,000 sq ft) facility, which will sit alongside the University of Edinburgh’s Scottish Centre for Regeneration, will provide a specialist mix of office and laboratory accommodation for a range of specialist life science companies.

Add to Portfolio

Scheme rejected

Tiger Development's £250m Edinburgh Haymarket scheme, which include 337,000 sq ft of offices and 17-storey Intercontinental and Travelodge hotels on a derelict site by the station, has been thrown out after a public inquiry.

Add to Portfolio

Summer completion for Q6

Gladedale Group and Royal Bank of Scotland has stated that it is ahead of schedule on the construction of the 4,900 sq m (52,743 sq ft) “Q6” Quartermile office building at The Quartermile, Lauriston Place in Edinburgh. Completion is now due in summer 2009. This is the second office building following the completion of One Quartermile Square in late 2007. Foster & Partners is the architect. The main contractor is Sir Robert McAlpine. Montagu Evans and CB Richard Ellis are the letting agents

Add to Portfolio

Development boom for 2009

In Edinburgh only three office schemes, comprising five buildings, are under construction. These schemes will provide 34,099 sq m (367,042 sq ft) of Grade A office space. Next year only 9,787 sq m (105,346 sq ft) of office space will come on stream but development activity is set to increase rapidly from early 2008 and on current developer intentions 127,448 sq m (1.3m sq ft) would be delivered by the end of 2009.

Add to Portfolio

Ocean Point letting

The British Heart Foundation has taken 279 sq m (3,000 sq ft) on the first floor at AWG's Ocean Point 1, Ocean Drive, in Leith, EH6 6JL, for a new regional office. Cushman & Wakefield advised.

Add to Portfolio

Tiger stalks EDi's yard

Tiger Developments is the ‘preferred developer’ to buy EDI’s development site at the Goods Yard on Morrison Street, Edinburgh. The site has planning permission to for 46,465 sq m (500,000 sq ft). Metropolis has been advised that Tiger is the main contender to acquire the site and Page & Park has replaced Reiach & Hall as the architect. Tiger is part of the Irish firm O’Flynn Construction.

Add to Portfolio

BUREDI plans

EDI Group, Edinburgh council's arms-length development company, has formed a joint venture with Burrell Group called BUREDI. The joint venture is planning a £70m mixed-use development of the Tartan Club site in Freer Street, Fountainbridge, Edinburgh. The scheme includes 6,643 sq m (71,500 sq ft) of offices and 200 new homes. BUREDI will acquire the site from Scottish & Newcastle if planning consent is received.

Add to Portfolio

Morrison Goods Yard on market

Jones Lang LaSalle has been appointed by EDI to sell the 1.8ha (4.4 acre) Morrison Goods Yard site in Haymarket, Edinburgh, for about £23m. The site has planning permission for 17,651 sq m (190,000 sq ft) of offices as part of a 46,451 sq m (500,000 sq ft) mixed use scheme. Marketing the site will start in mid March.

Add to Portfolio

New Edinburgh scheme

Kenmore Property is planning an 8 storey, glass and sandstone office development on the site of the concrete Post Office building at the West Port near the Grassmarket, Edinburgh in a £20 million development. It is hoped work on the new development can get under way next year, subject to planning permission.

Add to Portfolio

Tanfield HQ taken off the market

Standard Life Investments has taken its 18,950 sq m (204,000 sq ft) Tanfield headquarters office campus in Edinburgh off the market after bids did not reach the expected £20m to £25m for the 2ha (4.8-acre) site. The site does not have residential consent and Standard Life is now expected to seek a planning consent for residential for the site and also look for a short-term office occupier. Jones Lang LaSalle is marketing the building.

Add to Portfolio

Start date for Edinburgh Quay 2.

The second phase of Miller Group’s Edinburgh Quay development will begin on site on July 28th 2005. Designed by Michael Laird Architects and marketed by Jones Lang LaSalle, the building will provide 5,160 sq m (55,542 sq ft) of office space and construction is expected to take approximately 18 months.

Add to Portfolio

S&N seeks developer

The Fountain South proposals are for part of the Scottish & Newcastle brewery site. The remaining 6.6ha (16-acres) could accommodate a 139,353 sq m (1.5m sq ft) mixed-use scheme comprising offices, retail, leisure and housing. Scottish & Newcastle is seeking a development partner for the scheme.

Add to Portfolio

Fountain North plans submitted

The 3.3ha (8-acre) site of the former McEwan's brewery in Edinburgh, which was acquired by the Fountain North Consortium, comprising Grosvenor, AMA (New Town) and Royal Bank of Scotland, is planned to be developed as a £200m 83,512 sq m (900,000 sq ft) mixed-use scheme with 14,864 sq m (160,000 sq ft) of office space. The scheme also includes 650 apartments in five storey blocks, retail uses and a park. A planning application was submitted in last month and depending on the outcome a start on site could be made in 2006.

Add to Portfolio

Hines comes to Edinburgh?

Hines, the US developer, is thought to have reached an agreement with Scottish Power to develop a site in Dewar Place, off Morrison Street, in Edinburgh. The site in the Exchange District is currently used as an electricity sub-station and could possibly be developed as a 32,515 sq m (350,000 sq ft) office scheme. The imaginative lighting of the sub-station, by Jonathan Spiers & Associates, has won a few awards for a site that is regarded as one of the worst eyesores in Edinburgh.

Add to Portfolio