Mint Building acquired by Hines

Published: 21 June 2018

International real estate firm Hines has agreed to acquire Edinburgh's The Mint Building from Edinburgh-based Chris Stewart Group on behalf of its European Core Fund (HECF).

The 60,000 sq ft Mint Building, located on St Andrew Square, is due to be completed in early 2019 and is already pre-let on a 15-year lease.

The deal with Hines and its European Core Fund is a ringing endorsement of the quality and design of The Mint Building...It puts the building on a par with the best in Europe.

Chris Stewart, CEO, Chris Stewart Group (CSG)

 

It makes up one part of The Registers, an £85 million Edinburgh regeneration project being developed by Chris Stewart Group.

The ground floor also comprises three retail units, two of which were let to award-winning Chinese restaurant chain Tattu which is opening its fourth UK restaurant in the building alongside pizzeria concept Franco Manca.

Hines UK director Jake Walsh said: “This development provides us with an excellent opportunity to grow our portfolio of office and retail properties in Scotland. "The quality of the asset and its prime location meet our exacting investment criteria, and we look forward to the building’s completion and full occupation early next year...”

Full story via The Scotsman News

 

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