Royal London expands at Haymarket offices

Published: 15 October 2018

Aviva Investors, the global asset management business of Aviva, has leased all 47,291 sq ft of the 22 Haymarket Yards to Royal London in one of the biggest Edinburgh office deals of the year.

Royal London will move around 550 employees to the Grade A office building next to Haymarket Station. Royal London has already established a significant presence in the building as a short-term subtenant of the previous occupier, and has now leased the whole building following a surrender of the head lease.

This demonstrates yet again the strength of the Edinburgh office market which continues to perform at record levels...

James Thomson, Partner, Cushman and Wakefield

 

It has signed a 10-year lease at a rent of £26 per sq ft pa on the building, which will benefit from refurbishment works by landlord Aviva Investors.

Julian Cobourne, Senior Asset Manager, Aviva Investors said: “We are delighted to secure Royal London as our tenant for 22 Haymarket Yards. This letting confirms Haymarket’s credentials as a key location in the Edinburgh city centre office market, an area which we expect to see grow strongly over the coming years.”

Ian Davidson, Business Space Director, Lambert Smith Hampton said: “We are pleased to have secured 22 Haymarket Yards for Royal London, following a successful initial occupancy over the last 18 months.”

Leigh Fyffe, Group Facilities Manager of Royal London said: “We are pleased to have secured the building to support our expanding business...”

Full story via CoStar news

Share

Latest tweets

follow us @InvestEdinburgh