Castle Terrace office development fully let

Published: 21 September 2017

Scottish commercial property developer, Knight Property Group has welcomed two new global companies to their most recent Edinburgh redevelopment, No2 Castle Terrace.

With Knight Frank already secured prior to the completion of No2’s refurbishment, the property experts will be joined by recruitment giant Michael Page and Wipro Digital, a unit of global information technology company, Wipro. 

Acquired in 2015, No2 Castle Terrace underwent significant refurbishment, enhancing the quality of internal space and common parts. The building features brand new mechanical and electrical installations throughout along with the inclusion of a bike lift, cycle store facilities, and new showers and changing facilities.

Having companies of their stature choose the heart of Edinburgh is a testament to the high-quality building and highlights the need for this size and quality of office space within the City Centre.

Howard Crawshaw, Director, Knight Property Group

 

Global recruitment company Michael Page have signed a 10 year agreement on the second floor of Castle Terrace. The 2,958 sqft. floorplate benefits from efficient open plan space, modern LED lighting and new air conditioning and ventilation throughout. 

Similarly, Wipro Digital have also signed a 10 year lease within the West End property. Their tenancy comprises the third and fourth floor offices, totaling 5,058 sqft. of the 10,963 sqft. building and making them No2’s largest tenant. 

Mike Irvine, Partner at Montagu Evans comments, “No2 Castle Terrace was highly sought after from day one.

“These kind of finishes sets the property apart from other available office space whilst also encouraging the use of Edinburgh’s fantastic public transport links. The building creates a space that suits occupier’s needs within the current market and the success of these leases has reiterated the need for such a development” 

JLL and Montagu Evans are the joint letting agents for the development and SJS Property Services were the main contractor who carried out the construction works. 

Over the last 24 months Knight Property Group have made noticeable investment within the Capital City, including the £25 million, 4 North redevelopment in St Andrew Square and 110 George Street.

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