Edinburgh’s largest vacant office going on the market

Published: 13 September 2017

Edinburgh’s largest vacant office building, formerly home to financial services giant State Street, will soon be available to let.

Spanning about 110,000 square feet, 525 Ferry Road was home to State Street for more than 15 years, but the US-headquartered group said in April that it was moving its Edinburgh operations to the city’s Quartermile development. Joint agents JLL and Cuthbert White have now been instructed to start the hunt for a new “big ticket occupier”.

525 offers a rare opportunity for a company to secure a large, open plan, fully serviced office building...we also believe that it offers an attractive option for an inward investor seeking to expand into the city.

Cameron Stott, Director of Office Agency, JLL

 

Cuthbert White co-founder Nick White added: “With rents increasing in the city centre resulting in occupancy costs of over £45 per square foot, 525 will be able to offer occupiers accommodation with an overall occupancy cost, taking into account rent, rates and service charges, of around £30 per square foot...

Full story via Scotsman News

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