Download E-brochures

Latest News

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.

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