New Town office block marketed as 'significant' development opportunity
January 31 2017
Stretching to 117,000sq/ft the Queen Street property is being touted as a rare chance to acquire a significant development plot in the World Heritage district, potentially offering a solution to soaring demand for city centre office stock.
Chris Dougray, director at DougraySmith, commented: "This is a significant development opportunity in what is the most vibrant part of our capital city. With hotel occupancy rate in excess of 86.3% and a well-documented lack of quality office space, this is a prime development opportunity for developers in Scotland and around the world."
A 2015 proposal by Dexter Moren Associates called for the 1960’s office block to be converted into a 187 bed apart-hotel.
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