Europa Capital and Ediston Properties launched their striking new ‘Grade A’ office development, 145 Morrison Street, in the city’s Exchange District.
The new office development totals approximately 26,900 sq. feet and is located over ground and four upper floors. 145 Morrison Street provides a modern fully-glazed facade in direct contrast to the traditional stone elevations of the adjoining properties.
145 Morrison Street is the city’s closest new office building to Haymarket train station, making it a superb location for a headquarters in the heart of the city’s financial area and offering an unparalleled opportunity to enhance a business’ profile by locating at such a central address. The building is ideal for a single occupier and also lends itself to letting on a floor by floor basis, with floorplates of around 5,000 sq. feet. With 80% of letting deals done in 2012 being of 5,000 sq. feet or below, the floorplates at 145 Morrison Street are well suited for current market conditions.
Developed with green credentials, the ‘Grade A’ specification has achieved a “Very Good” BREEAM rating and an Energy Performance Rating of C+ and includes comfort cooling that utilises heat recovery VRF recessed units with each floor designed to allow the tenants full control; on site manned security coupled with CCTV covering the perimeter of the building and reception; and a building energy management system to ensure efficient use of heating/cooling and lighting systems.
Andy McKinlay, Director of Development at Ediston Properties commented: “The launch of 145 Morrison Street is significant for Edinburgh, as it represents a major investment in the city and a growing confidence in its office market. This development is ideal for both larger businesses looking to take a whole building in a prime location, or to be let to several occupiers on a floor by floor basis.
James Fortescue, Associate Director at Europa Capital noted, “145 Morrison Street is the third new office launch in the UK by Europa Capital and Ediston Properties. The property is a high quality office building with a striking contemporary design offering occupiers the opportunity to enhance their business profile.”
The two other development projects that have been completed by the partnership in the last six months include: Phoenix, a 51,780 sq. feet Grade A standalone office building adjacent to Reading’s new station, and 4 – 6 Copthall Avenue, which provides 10,695 sq. feet modern office accommodation in the heart of the City of London.iers on a floor by floor basis.”
For further information please contact:
Gordon Simpson/Charlotte Whitley, RLM Finsbury: +44 20 7251 3801
For further information on 145 Morrison Street, please visit the website at www.145morrisonstreet.com or contact the agents, Jones Lang LaSalle (0131 225 8344) or Montagu Evans (0131 229 3800).
For further information on Phoenix, Reading and 4-6 Copthall Avenue, London, visit the websites at www.phoenixreading.com and www.4copthallavenue.com.
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 75 transactions totalling some €7.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“RGI”). RGI is a strategic investor alongside Management.
Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.