Baillie Gifford expands to St Andrew Square development

Published: 28 June 2018

Investment manager, Baillie Gifford, is to take over all 60,000 sq ft of the Chris Stewart Group (CSG) development at 20 West Register Street, Edinburgh – part of the £85 million regeneration project at ‘The Registers’.

Extending over the ground floor entrance, seven upper floors and including fifth and sixth floor terraces, 20 West Register Street will be capable of accommodating approximately 700 members of staff once completed in early 2019.

Designed by the award-winning Hoskins Architects, the building blends a modern sandstone and glass finish with an existing historic stone façade and sits on the south east corner of St Andrew Square.

The agreement with Baillie Gifford is very positive news for Edinburgh and for the continued transformation of St Andrew Square...

Chris Stewart, CEO, Chris Stewart Group

 

It was announced last week that the entire building was acquired by Hines, the international real estate firm, in a forward purchase agreement, on behalf of its European Core Fund. Property investor, developer and operator, CSG is currently delivering a £300 million investment programme across Scotland. 

Alan Paterson, Partner at Baillie Gifford, added: “This high-quality office is well located in Edinburgh city centre’s flourishing east end, in close proximity to our headquarters at Calton Square. It offers us flexible space as we plan for the long-term expansion of our client base, and will be an attractive working location for our staff...”

Full story via SBNN news

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