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Quay Deal For Edinburgh Office Market

Monday, 12 January 2009

Edinburgh Quay Limited (a Joint Venture between Miller Developments and British Waterways Scotland), has secured a tenant for Edinburgh Quay 2's fourth floor, bringing the development closer to capacity.

The deal sees Companies House take an eleven-year lease on 7,810 sq ft of space at a rental of £28.50 per sq ft.

Companies House, which will take occupancy of the suite on 16 January, joins existing tenants Lloyds TSB, Barclays Bank, Pinsent Mason, Baker Tilly and Circle.

Toby Withall, director at GVA Grimley acting for EQL, commented: "This is a significant deal and Companies House will be a welcome addition to the high calibre of tenants already secured for this development on the Union canal, which is ideally placed in the heart of Edinburgh's premier business district.

"While it may be premature to talk about the market picking up, this is a good indication that there are deals to be done in these uncertain times."

Pamela Grant, Director of Edinburgh Quay Limited said: "This deal is a great way to start the New Year for Edinburgh Quay. Quay 2 has attracted quality tenants due to a combination of great location, striking architectural design and high quality finishes."

Edinburgh Quay is situated on Fountainbridge, within the heart of the capital's Financial Exchange District.

The development combines offices, restaurants, cafes and residential apartments against a striking waterfront backdrop to create an attractive business and leisure location.

A further 13,272 sq ft of space over two floors remains available to let.

Jones Lang LaSalle is joint agents for Edinburgh Quay Ltd.  Companies House was represented by Knight Frank.