Quartermile lands new tenants following record figures

Published: 15 December 2016

Edinburgh’s Quartermile urban regeneration scheme has signed up a coffee chain and wine bar as its latest tenants after reporting record annual results.

The mixed-use scheme, on the site of the former Edinburgh Royal Infirmary, said Caffè Nero and Veeno are due to open their doors early next year, joining existing stores and eateries including Nanyang, Peter’s Yard, Starbucks and Sainsbury’s.

The latest lettings come after Quartermile, acquired by property investor Moorfield in a multi-million pound deal three years ago, posted a pre-tax profit of almost £19 million for 2015, on turnover of £80m.

Paul Curran, managing director of Quartermile Developments, said: “Last year was one of extraordinary success. It reinforced Quartermile’s reputation as Edinburgh’s prime residential and commercial location and led to us being recognised for a record third time as the UK’s best mixed-use development. “We have worked hard to ensure that the development has its own sense of place and purpose so it is immensely satisfying to see our vision being fully realised...”

Full story via Scotsman News


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