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As retail and business space specialists, we are one of the most active and progressive firms of Scottish based Chartered Surveyors and property consultants. This section brings you our latest deals news from across the UK.

24th July 2019

Shopping Centres / Retail Deals

Westsider Bar, Westside Plaza, Edinburgh EH14 2SW

Mars Real Estate Investments BV has agreed a lease extension at the Westsider Bar, Westside Plaza, Edinburgh with JRB Edinburgh Properties Ltd.

The unit comprises 5,600 sq ft (520.26 sq m) of ground floor sales space, 5,600 sq ft (520.26 sq m) on the first floor and and 5,600 sq ft (520.26 sq m) in the basement. The lease has been extended for a further 2 years at a rental of £28,500 per annum.

Mars Real Estate Investments BV was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
24th July 2019

High Street / Retail Deals

Unit 5, 34/34A High Street, Lanark ML11 7LF

H&V Propeties (Glasgow) Ltd has let Unit 5, 34/34A High Street, Lanark to Alfie Macera.

The unit comprises 1,791 sq ft (166.40 sq m) of ground floor sales space and 1,028 sq ft (95.50 sq m) on the first floor and has been let for 10 years at a rental of £25,000 per annum.

H&V Propeties (Glasgow) Ltd was represented jointly by Eric Young & Co and TSA Property Consultants.

Contact Alastair Rowe
24th July 2019

Shopping Centres / Retail Deals

Unit 58 The Centre, Livingston EH54 6QP

Hines UK Ltd has agreed a lease extension at Unit 58 The Centre, Livingston with Vpz.

The unit comprises 926 sq ft (86.03 sq m) of ground floor sales space and 213 sq ft (19.79 sq m) on the first floor and the lease has been extended for a further 5 years at a rental of £38,000 per annum.

Vpz was represented by Nulty Cader; Hines UK Ltd was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
17th July 2019

Shopping Centres / Retail Deals

Unit 14B Westside Plaza, Edinburgh EH14 2SW

Mars Real Estate Investments BV has agreed a lease extension on Unit 14B Westside Plaza, Edinburgh with Barnardos.

The unit comprises 960 sq ft (89.21 sq m) of ground floor sales space and the lease has been extended for a further 5 years at a rental of £12,750 per annum.

Barnardos was represented by their in house estates team; Mars Real Estate Investments BV was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
17th July 2019

High Street / Retail Deals

10 Haymarket Terrace, Edinburgh EH12 5JZ

Haymarket Property (Scotland) Ltd has let 10 Haymarket Terrace, Edinburgh to Stag Barber Co Ltd.

The unit comprises 392 sq ft (36.50 sq m) of ground floor sales space, 136 sq ft (12.63 sq m) on the upper ground 859 sq ft (79.8 sq m) in the basement. It has been let for 10 years at a rental of £17,500 per annum.

Haymarket Property (Scotland) Ltd was represented by Eric Young & Co.

Contact Alastair Rowe
17th July 2019

High Street / Retail Deals

29/31 Deanhaugh Street, Edinburgh EH4 1LR

Glamis Investments Ltd has agreed a lease extension at 29/31 Deanhaugh Street, Edinburgh with Barnardos.

The unit comprises 667 sq ft (61.97 sq m) of ground floor sales space and 440 sq ft (40.88 sq m) in the basement and the lease has been extended for a further 10 years at a rental of £30,000 per annum.

Barnardos was represented by their in house estates team; Glamis Investments Ltd was represented by Eric Young & Co.

Contact Alastair Rowe
17th July 2019

Shopping Centres / Retail Deals

46 High Street, Artizan Centre, Dumbarton G82 1LL

Mars Real Estate Investment BV has agreed a lease extension at 46 High Street, Artizan Centre, Dumbarton with Specsavers.

The unit comprises 1,176 sq ft (109.23 sq m) of ground floor sales space and 729 sq ft (67.70 sq m) on the first floor. The lease has been extended for a further 10 years at a rental of £18,000 per annum.

Specsavers was represented by Pritchard Property Consultants; Mars Real Estate Investment BV was represented jointly by Eric Young & Co and Frank Real Estate.

Contact Alastair Rowe
8th July 2019

Shopping Centres / Retail Deals

Unit 21 Kingsgate Centre, Dunfermline

Crosslands has let Unit 21 Kingsgate Centre, Dunfermline to Subway.

The unit comprises 1,167 sq ft (108 sq m) of ground floor sales space and has been let for 10 years at a rental of £30,000 per annum.

Subway was represented by McParlane & Co; Crosslands was represented jointly by Eric Young & Co and GCW.

Contact Tom Forster
8th July 2019

High Street / Retail Deals

7 Main Street, Callander

Eskvale Properties has sold 7 Main Street, Callander to Erindale SC Ltd for £215,000.

The unit comprises 1,656 sq ft (154.00 sq m) of ground floor sales space.

Erindale SC Ltd was represented by David Glen; Eskvale Properties was represented by Eric Young & Co.

Contact Tom Forster
17th June 2019

Shopping Centres / Retail Deals

4/6 Falkland Gate, Kingdom Shopping Centre, Glenrothes KY7 5LU

Mars Pension Trustees Ltd has agreed a lease extension at 4/6 Falkland Gate, Kingdom Shopping Centre, Glenrothes with Iceland Foods Ltd.

The unit comprises 5,484 sq ft (510.00 sq m) of ground floor sales space and the lease has been extended for a further 5 years at a rental of £75,000 per annum.

Iceland Foods Ltd was represented by Crichton Property Consultants; Mars Pension Trustees Ltd was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
10th June 2019

Business Space / Business Space Deals

25 Nicolson Square, Edinburgh

The City of Edinburgh Methodist Church has let office space at 25 Nicolson Square, Edinburgh to Past Ltd.

The office extends to 833 sq ft (77.39 sq m) in the basement and has been let for 2 years at a rental of £6,000 per annum.

The City of Edinburgh Methodist Church was represented by Eric Young & Co.

20th May 2019

Shopping Centres / Retail Deals

Penicuik Shopping Centre, Penicuik EH26 8LE

Sheet Anchor Evolve (London) Ltd has agreed a temporary let at Penicuik Shopping Centre, Penicuik to St Margaret of Scotland Hospice.

The unit comprises 6,700 sq ft (622.45 sq m) of ground floor sales space and 1,900 sq ft (176.52 sq m) in the first floor.

Sheet Anchor Evolve (London) Ltd was represented by Eric Young & Co.

Contact Alastair Rowe
8th May 2019

High Street / Retail Deals

29/31 James Square, Crieff PH7 3EY

Eskvale Properties Ltd has sold 29/31 James Square, Crieff to Erindale SC Ltd for an undisclosed amount.

The building comprises 1,299 sq ft (120.68 sq m) of ground floor sales space, 1,109 sq ft (103.03 sq m) on the first floor, 1,071 sq ft (99.50 sq m) on the second floor and 958 sq ft (89 sq m) on the third floor.

Erindale SC Ltd was represented by Glen & Co; Eskvale Properties Ltd was represented by Eric Young & Co.

Contact Alastair Rowe
8th May 2019

Shopping Centres / Retail Deals

Unit 18 Westside Plaza, Edinburgh EH14 2SW

Mars Real Estate Investment BV has agreed a lease extension at Unit 18 Westside Plaza, Edinburgh with William Hill.

The unit comprises 982 sq ft (91.22 sq m) of ground floor sales space and the lease has been extended for a further 5 years at a rental of £13,200 per annum.

Mars Real Estate Investment BV was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
8th May 2019

Shopping Centres / Retail Deals

Unit 25 The Centre, Livingston EH54 6QP

Hines UK Ltd has let Unit 25 The Centre, Livingston to Media Hair.

The unit comprises 417 sq ft (38.75 sq m) of ground floor sales space and 138 sq ft (12.82 sq m) on the first floor and has been let for 5 years at a rental of £20,000 per annum.

Media Hair was represented by Sutherland Brown; Hines UK Ltd was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
8th May 2019

High Street / Retail Deals

27 High Street, Peebles EH45 8AN

Eric Young & Co has let 27 High Street, Peebles to The Vape Shop on behalf of an unnamed private individual.

The unit comprises 391 sq ft (36.33 sq m) of ground floor sales space and has been let for 3 years at a rental of £10,000 per annum.

The landlord was represented by Eric Young & Co.

Contact Alastair Rowe
15th April 2019

Retail Parks / Retail Deals

Unit 2 Wishaw Retail Park, Wishaw ML2 7QJ

Sheet Anchor Investments has let Unit 2 Wishaw Retail Park, Wishaw to Designer Homes.

The unit comprises 5,000 sq ft (564.00 sq m) of ground floor sales space and 1,250 sq ft (166.00 sq m) on the mezzanine and has been let for 10 years at a rental of £50,000 per annum.

Sheet Anchor Investments was represented by Eric Young & Co.

Contact Alastair Rowe
15th April 2019

High Street / Retail Deals

24 Causeyside Street, Paisley PA1 1UN and 149 High Street, Ayr KA7 1QW

SAVA Estates has bought 2 properties from Mothercare UK at 24 Causeyside Street, Paisley and 149 High Street, Ayr for £435,000.

The building in Paisley comprises 2,394 sq ft (222.00 sq m) of ground floor sales space, with 2,294 sq ft (213.00 sq m) on the 1st floor, 2,020 sq ft (188 sq m) on the 2nd floor and 2,678 sq ft (249 sq m) on the 3rd floor.

The building in Ayr comprises 3,370 sq ft (350.00 sq m) of ground floor sales space, 3,697 sq ft (343.00 sq m) on the 1st floor and 360 sq ft (33 sq m) on the 2nd floor.

Mothercare UK was represented by Savills; SAVA Estates was represented by Eric Young & Co.

Contact Alastair Rowe
15th April 2019

Shopping Centres / Retail Deals

Unit 43 The Centre, Livingston EH54 6NB

Livingston Centre has let Unit 43 The Centre, Livingston to British Heart Foundation.

The unit comprises 7,500 sq ft (696.77 sq m) of ground floor sales space and 2,500 sq ft (232.26 sq m) on the first floor and has been let for 10 years at a rental of £95,000 per annum.

British Heart Foundation was represented by CBRE; Livingston Centre was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
15th April 2019

Shopping Centres / Retail Deals

Unit E The Mercat Centre, Kirkcaldy KY1 1NU

Mars Pension Trustees has agreed a lease extension at Unit E The Mercat Centre, Kirkcaldy with AG Retail.

The unit comprises 2,010 sq ft (186.75 sq m) of ground floor sales space and 1,495 sq ft (138.89 sq m) in the basement and the lease has been extended for a further 2 years at a rental of £30,000 per annum.

AG Retail was represented by Knight Frank; Mars Pension Trustees was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
15th April 2019

Shopping Centres / Retail Deals

2/4 Postgate, Kingdom Centre, Glenrothes KY7 5LH and 25 Unicorn Way, Kingdom Centre, Glenrothes KY7 5NU

Mars Pension Trustees has agreed two new lease extensions at Kingdom Centre, Glenrothes.

The lease at 2/4 Postgate with Baynes the Baker has been extended for a further 10 years at a rental of £20,000 per annum. The unit comprises 2,115 sq ft (196.50 sq m) of ground floor sales space.

The lease at 25 Unicorn Way with Savers Health & Beauty has been extended for a further 5 years at a rental of £32,000 per annum. The unit comprises 1,319 sq ft (122.56 sq m) of ground floor sales space and 602 sq ft (55.89 sq m) on the first floor

Baynes the Baker was represented by DM Hall; Savers Health & Beauty was represented by Culverwell; Mars Pension Trustees was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
15th April 2019

High Street / Retail Deals

124 Morningside Road, Edinburgh EH10 4BX

Thistle Peat has let 124 Morningside Road, Edinburgh to East Pizza.

The unit comprises 493 sq ft (45.80 sq m) of ground floor sales space and 582 sq ft (54.10 sq m) in the basement and has been let for 10 years at a rental of £18,000 per annum.

Thistle Peat was represented by Eric Young & Co.

Contact Alastair Rowe
15th April 2019

High Street / Retail Deals

160 Causewayside, Edinburgh EH9 1PR

Boscolo Bathrooms has renounced their lease 160 Causewayside, Edinburgh to landlord Custodian Capital.

The unit comprises 1,413 sq ft (131.27 sq m) of ground floor sales space and was let at a rental of £21,000 per annum.

Boscolo Bathrooms was represented by Eric Young & Co.

Contact Alastair Rowe
18th March 2019

Shopping Centres / Retail Deals

Unit 3 and Unit W4 Bon Accord Centre, Aberdeen

Capreon has agreed two new deals at Bon Accord Centre, Aberdeen.

Unit 3 has been let to Subway. The unit comprises 1,356 sq ft (126.00 sq m) of ground floor sales space and has been let for 10 years.

Unit W4 has been let to Elegance. The unit comprises 990 sq ft (92.00 sq m) of ground floor sales space and 717 sq ft (66.60 sq m) of storage space in the basement and has been let for 10 years.

Capreon was represented jointly by Eric Young & Co and CBRE.

Contact Tom Forster
11th March 2019

Business Space / Business Space Deals

51 Calton Road, Edinburgh

Teviot Print has sold 51 Calton Road, Edinburgh to Junction 37 for an undisclosed amount.

The unit comprises 1,083 sq ft (100.70 sq m) of ground floor office space.

Junction 37 was represented by Lewis Sutton Property Consultants; Teviot Print was represented by Eric Young & Co.

Contact Anna Hansen
11th March 2019

High Street / Retail Deals

48A Frederick Street, Edinburgh EH2 1EX

Castle Crown Properties has let 48A Frederick Street, Edinburgh to Covell Retailing.

The unit comprises 545 sq ft (20.31 sq m) of ground floor sales space and 537 sq ft (49.90 sq m) in the basement and has been let for 10 years at a rental of £35,000 per annum.

Covell Retailing was represented by Culverwell; Castle Crown Properties was represented jointly by Eric Young & Co and J&E Shepherd.

Contact Alastair Rowe
11th March 2019

Restaurant & Leisure / Retail Deals

28/30 Hillhouse Road, Edinburgh EH4 2AG

Papa Johns has taken a new lease at 28/30 Hillhouse Road, Edinburgh from TRI Scotland.

The unit comprises 912 sq ft (84.73 sq m) of ground floor sales space and has been let for 15 years at a rental of £20,500 per annum.

Papa Johns was represented by Eric Young & Co.

Contact Eric Lindgren
11th March 2019

Restaurant & Leisure / Retail Deals

Unit A Leisure Quarter, Glasgow Fort, Glasgow

Bread Meats Bread has taken a new lease of Unit A Leisure Quarter, Glasgow Fort, Glasgow from British Land.

The unit comprises 3,026 sq ft (281.00 sq m) of ground floor sales space and has been let for 15 years

British Land was represented by Paradigm; Bread Meats Bread was represented by Eric Young & Co.

Contact Tom Forster
11th March 2019

High Street / Retail Deals

37 High Street, Peebles EH45 8AH

On behalf of an unnamed private client Eric Young & Co has sold 37 High Street, Peebles for £262,500.

The unit is let to The Retreat on a 15 year lease from 28/2/18 at a rental of £22,500 per annum.

The purchaser was represented by J&E Shepherd; the vendor was represented by Eric Young & Co.

Contact Alastair Rowe
12th February 2019

High Street / Retail Deals

16-20 Earl Grey Street, Edinburgh

The City of Edinburgh Methodist Church has sold 16-20 Earl Grey Street, Edinburgh to A&I Property Management Ltd for £715,000.

The unit comprises 3,344 sq ft (310.7 sq m) of ground floor sales space. It is let to Boots on a lease expiring 29 June 2028, an an annual rental of £40,000 per annum.

A&I Property Management Ltd was represented by Sheridan & Co; The City of Edinburgh Methodist Church was represented by Eric Young & Co.

Contact Tom Forster
12th February 2019

High Street / Retail Deals

28-30 Morningside Road, Edinburgh EH10 4DA

Abercromby Investments Ltd has sold 28-30 Morningside Road, Edinburgh to ALEP Properties Ltd for an undisclosed amount.

The unit comprises 1,048 sq ft (97.40 sq m) of ground floor sales space and 858 sq ft (79.70 sq m) in the basement.

Abercromby Investments Ltd was represented by Eric Young & Co.

Contact Alastair Rowe
12th February 2019

Shopping Centres / Retail Deals

Unit 3A Douglas Bridge, Galashiels TD1 1BH

Eric Young & Co has agreed a lease extension at Unit 3A Douglas Bridge, Galashiels with Specsavers on behalf of an unnamed private client.

The unit comprises 1,922 sq ft (178.56 sq m) of ground floor sales space and 1,374 sq ft (127.65 sq m) on the first floor. The lease has been extended for a further 10 years at a rental of £26,000 per annum.

Specsavers was represented by Pritchard Property Consultants; the landlord was represented by Eric Young & Co.

Contact Alastair Rowe
12th February 2019

Shopping Centres / Retail Deals

Unit 4 The Henge, Glenrothes

Indigo Sun has taken a new lease at Unit 4 The Henge, Glenrothes from Atmore Ltd.

The unit comprises 1,862 sq ft (172.98 sq m) of ground floor sales space and has been let for 15 years at an undisclosed rental.

Atmore Ltd was represented by Crichton Property Consultancy; Indigo Sun was represented by Eric Young & Co.

Contact Eric Lindgren
28th January 2019

High Street / Retail Deals

61 High Street, Dumbarton G82 1LS

Sava Estates Ltd has bought 61 High Street, Dumbarton from unnamed private individual for £162,000.

The unit comprises 1,806 sq ft (167.78 sq m) of ground floor sales space.

The seller was represented by Sheridan Property Consultants; Sava Estates Ltd was represented by Eric Young & Co.

Contact Alastair Rowe
28th January 2019

High Street / Retail Deals

51/53 Murraygate, Dundee DD1 2EA

Rutterford has bought 51/53 Murraygate, Dundee at auction from Aberdeen Standard Investments.

The units are let as follows:
• Specsavers are on a 10 year lease from 28/8/2017 at an annual rental of £75,000
• Game have a short term extension to 10/7/2019 on a rental of £62,000 pa.

Aberdeen Standard Investments was represented by Allsop Auction; Rutterford was represented by Eric Young & Co.

Contact Alastair Rowe
28th January 2019

High Street / Retail Deals

10 West Maitland Street, Edinburgh EH12 5DS

Eric Young & Co has let 10 West Maitland Street, Edinburgh to 4 Inches Italian Pizza Project on behalf of an unnamed private individual.

The unit comprises 565 sq ft (52.50 sq m) of ground floor sales space and 618 sq ft (57.40 sq m) in the basement and has been let for 10 years at a rental of £18,000 per annum.

The landlord was represented by Eric Young & Co.

Contact Alastair Rowe
28th January 2019

Shopping Centres / Retail Deals

Unit 22 Westside Plaza, Edinburgh EH14 2SW

Mars Pension Trustees has let Unit 22 Westside Plaza, Edinburgh to Kamila Sarocka.

The unit comprises 598 sq ft (55.56 sq m) of ground floor sales space and has been let for 10 years at a rental of £13,000 per annum.

Mars Pension Trustees was represented jointly by Eric Young & Co and HSA Retail.

Contact Alastair Rowe
28th January 2019

Shopping Centres / Retail Deals

Unit 86 The Centre, Livingston EH54 6HR

Hines Asset Management has agreed a lease extension with Accessorize on Unit 86 The Centre, Livingston.

The unit comprises 1,190 sq ft (110.55 sq m) of ground floor sales space and the lease has been extended for a further 2 years.

Accessorize was represented by Doug Galbraith; Hines Asset Management was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
28th January 2019

Shopping Centres / Retail Deals

Unit 31 Marches Mall, Stirling FK8 2EA

Aberdeen Standard Investments has let Unit 31 Marches Mall, Stirling to Kast Retail t/a Quiz.

The unit comprises 2,096 sq ft (194.72 sq m) of ground floor sales space and 920 sq ft (85.47 sq m) on the first floor and has been let for 5 years at an undisclosed rental.

Kast Retail t/a Quiz was represented by McParlane & Co; Aberdeen Standard Investments was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
23rd January 2019

Shopping Centres / Retail Deals

50 High Street, Dumbarton G82 1LL

Mars Real Estate Investment has let 50 High Street, Dumbarton to E-Cloudz.

The unit comprises 1,197 sq ft (111.17 sq m) of ground floor sales space and 755 sq ft (70.14 sq m) on the first floor and has been let for 5 years at a rental of £15,800 per annum.

Mars Real Estate Investment was represented jointly by Eric Young & Co and Frank Property and HSA Retail.

Contact Alastair Rowe
23rd January 2019

High Street / Retail Deals

50 St Johns Road, Edinburgh EH21 6PB

Mapeley Columbus Ltd has let 50 St Johns Road, Edinburgh to Vermillion.

The unit comprises 1,239 sq ft (115.12 sq m) of ground floor sales space and has been let for 10 years at a rental of £26,500 per annum.

Mapeley Columbus Ltd was represented jointly by Eric Young & Co and Hamilton Chartered Surveryors.

Contact Alastair Rowe
23rd January 2019

Shopping Centres / Retail Deals

New lettings at Kingdom Centre, Glenrothes

1 Lyon Square, Kingdom Centre, Glenrothes KY7 5NW
2 Marchmont Gate, Kingdom Centre, Glenrothes KY7 5NW
8 Falkland Gate, Kingdom Centre, Glenrothes KY7 5NW

Mars Pension Trustees Ltd has agreed a new letting and 2 new lease extensions at the Kingdom Centre, Glenrothes.

1 Lyon Square has been let to Home DIY for 10 years at a rental of £10,000 per annum. The unit comprises 861 sq ft (80.01 sq m) of ground floor sales space and 1,027 sq ft (95.47 sq m) on the first floor.

The lease at 2 Marchmont Gate to Abbeygate Mobiles Ltd has been extended for a further 4 years at a rental of £9,000 per annum. The unit comprises 547 sq ft (50.81 sq m) of ground floor sales space.

The lease at 8 Falkland Gate to EE has been extended for a further 5 years at a rental of £32,500 per annum. The unit comprises 1,610 sq ft (149.63 sq m) of ground floor sales space.

Mars Pension Trustees Ltd was represented jointly in all these deals by Eric Young & Co and Savills.

Contact Alastair Rowe
23rd January 2019

Shopping Centres / Retail Deals

Unit 2 The Mercat Centre, Kirkcaldy KY1 1NJ

Mars Pension Trustees Ltd has agreed a lease extension for Unit 2 The Mercat Centre, Kirkcaldy with Vodafone.

The unit comprises 904 sq ft (83.98 sq m) of ground floor sales space and the lease has been extended for a further 5 years at a rental of £22,500 per annum.

Vodafone was represented by Cushman & Wakefield; Mars Pension Trustees Ltd was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
23rd January 2019

Shopping Centres / Retail Deals

Unit 53 The Centre, Livingston EH54 6HR

Hines Asset Management has let Unit 53 The Centre, Livingston to Now Now Café.

The unit comprises 1,005 sq ft (93.37 sq m) of ground floor sales space and 429 sq ft (39.86 sq m) in the basement and has been let for 10 years at a rental of £45,000 per annum.

Hines Asset Management was represented jointly by Eric Young & Co and Savills.

Contact Alastair Rowe
23rd January 2019

High Street / Retail Deals

54 High Street, Montrose DD10 8JF

Winton Faith Retirement Pension Scheme has let 54 High Street, Montrose to RBS.

The unit comprises 926 sq ft (92.53 sq m) of ground floor sales space and 450 sq ft (41.81 sq m) in the basement and has been let for 5 years at a rental of £11,000 per annum.

RBS was represented by GVA; Winton Faith Retirement Pension Scheme was represented jointly by Eric Young & Co and J&E Shepherd.

Contact Alastair Rowe
15th January 2019

Business Space / Business Space Deals

Law firm grows at Exchange Plaza

One of Scotland’s largest legal firms has expanded its Edinburgh office as it continues to grow.

Burness Paull, based on the third floor of Exchange Plaza in Edinburgh has leased the 16,676 sq ft second floor beneath its current premises, taking its total floor space in the building to 33,353 sq ft.

The deal means the Grade A office building on Lothian Road, which is also home to Cairn Energy plc, Artemis Fund Managers, Leeds Building Society and Brewdog is now fully occupied.

Burness Paull has seen a 30% increase in international instructions over the past 12 months, and taken on 106 staff across the firm in response to the rise in new business. It now employs more than 530 people in Scotland, including 68 partners.

JLL and Knight Frank acted as joint letting agents for the building’s owner, The Lister Property Partnership, who recently refurbished the building installing new air conditioning, metal suspended ceilings and LED lighting.

Cameron Stott, Director at JLL, said: “When Clydesdale Bank vacated Exchange Plaza, there was over a third of the building vacant. However, due to the quality of refurbishment delivered by the landlord and the prestige and prominence of the building, we have had a healthy level of interest in the vacant space and this has resulted in securing a fantastic letting result returning the building to 100% occupancy. Exchange Plaza is undoubtedly once of the most admired buildings in Edinburgh, and this has been backed up by the strength of occupier interest in the office accommodation.”

The building’s full-height seven-storey atrium has also been transformed with the provision of new soft furniture and informal meeting areas.

Neil Gordon, Partner at Eric Young & Co, acted for Burness Paull. He added: “My client’s established home in Edinburgh is Exchange Plaza, and when the opportunity came to expand in the building it was too good an opportunity to miss. With the works undertaken by the landlord and the quality of the proposed refurbishment they were delighted to commit to the longer term in the building.

Toby Withal from joint lettings agents Knight Frank, said: “Exchange Plaza is one of the capital’s most prestigious office buildings and commands a high profile at the centre of central Edinburgh where many corporate and tech occupiers are based.”

Lothian Road offers plentiful amenities and has been further enhanced by new eateries and bars including Beer Kitchen, Byron Burger, Bread Meats Bread and Pret a Manger.

Suites at Exchange Plaza also come with shower facilities, cycle racks and car parking spaces.

Commenting on the decision Tamar Tammes, managing partner at Burness Paull, said: “We are committed to growing the firm sustainably and attracting the very best talent to serve clients. With that comes the need to create a modern, flexible environment for our people, and the expansion of our footprint at Exchange Plaza meets these requirements perfectly.”

Contact Neil Gordon
19th December 2018

Restaurant & Leisure / Retail Deals

Main Street, Winchburgh

Winchburgh Development Partnership has sold a plot on Main Street, Winchburgh to Tiptoes Nursery for £75,000.

The plot comprises a cleared site extending to 0.24 acres.

Winchburgh Development Partnership was represented by Eric Young & Co.

Contact Simon Bashford
19th December 2018

High Street / Retail Deals

10 Eastgate, Peebles

James Inglis Ltd has let 10 Eastgate, Peebles to Trespass.

The unit comprises 833 sq ft (77.4 sq m) of ground floor sales space and 660 sq ft (61.3 sq m) on the first floor and has been let for 5 years at a rental of £20,000 per annum.

James Inglis Ltd was represented by Eric Young & Co.

Contact Simon Bashford