Artisan acquires Abbeyhill Industrial Estate

Published: 21 August 2017

Property investment and development specialist Artisan Real Estate Investors has acquired Edinburgh’s Abbeyhill Industrial Estate. Charlotte Swanson, Artisan’s Scottish-based Asset Manager, explains more...

Your business in brief?

Artisan Real Estate Investors is a shareholding partnership between the Sanlam Group, a major South African financial services firm (through its business unit Sanlam International Investment Partners), the Argosy and Attventure Groups (European and South African investors) and Salt Properties Limited in the Isle of Man.

It’s a high quality industrial estate with a good range of tenants and we look forward to redeveloping and growing its value over the coming years.

Charlotte Swanson, Asset Manager, Scotland, Artisan Real Estate Investors

 

The organisation was founded in 2008 in the Isle of Man and has fast grown to become a niche provider of property investment advisory services. 

Artisan is also currently driving Edinburgh’s award-winning £200m New Waverley regeneration scheme.

What appeals about this site? What's your vision?

Artisan has bought the 22,000 sqft. Abbeyhill Industrial Estate, located just off London Road, currently home to companies including HSL, EKCO, Electric Center and the Edinburgh Festival Centre.

The purchase of Abbeyhill represents a significant investment opportunity to add to our growing property portfolio across Scotland. It’s a high quality industrial estate with a good range of tenants and we look forward to redeveloping and growing its value over the coming years. 

Tell us about the projects you already have in Edinburgh? 

Artisan is currently driving Edinburgh’s award-winning £200m New Waverley regeneration scheme.  Completed so far as part of the first New Waverley development phase are two Whitbread hotels – a Premier Inn and a Hub by Premier Inn – which opened in January 2016 and The Arches, a row of 19 Victorian arches which have been transformed to create an exciting new leisure and retail district for the city. In December last year, the new 146-apartment Aparthotel Adagio on Edinburgh’s Royal Mile opened for business, overlooking a new public square. 

In May, we also received planning permission for 180 high quality apartments for our Canonmills Garden scheme overlooking the Water of Leith, as part of a major regeneration of the former Warriston Road brownfield site. As well as Edinburgh, Artisan is expanding its investment activity across Scotland with the purchase of the Cotton House in Glasgow city centre, a striking 52,000 sqft. office development in the heart of the Merchant City. 

Artisan Real Estate Investors was founded in 2008 in the Isle of Man.

What makes Edinburgh an attractive market for you?

Edinburgh, in particular, now represents a major share of Artisan’s UK investment holdings and we are looking forward to significant progress on all fronts during 2017, especially with the start of the next construction phase at New Waverley. 

In particular, we are finding that office occupiers increasingly want to be located in Edinburgh’s city centre and are increasingly seeking established ‘destination’ locations which are based in the heart of the city. 

Occupiers now want the unique benefits which city centre locations like New Waverley can provide – such as the mix of leisure, culture, eating and retail opportunities – while being linked to efficient and accessible transport hubs such as Waverley Train Station.

 

If you would like to find out more about how we can help you and your business establish, relocate or expand within the city region, or would simply like more information about what Edinburgh has to offer, get in touch today.

E: invest@edinburgh.gov.uk

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E: invest@edinburgh.gov.uk

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