Refurbishment of Edinburgh’s largest office building completes
March 24 2017One Lochrin Square, has been re-opened following an extensive overhaul to make it more appealing to tech occupiers. Overseen by Michael Laird Architects on behalf of UBS Management the speculative project saw the former Scotmid HQ stripped back to a shell on the ground floor in order to create ‘attic-style’ floorspace with four upper floors finished in a more conventional manner.
Toby Withall, office agency partner at Knight Frank, said: “In the context of a market where new or refurbished Grade A product is fast diminishing and occupier interest is increasing, this new offering is set to benefit and ensure there is prime stock for the more diverse range of active occupiers in the market.”
JLL director Craig Watson, added: “One Lochrin Square’s owners have seized the opportunity to reposition the property within Edinburgh’s changing business landscape by providing an open plan finish which has never been speculatively delivered before in the city.” Office letting sin the technology, media and telecoms sectors surged in Edinburgh over the course of 2016, accounting for close to a third of all transactions.
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