Case Study

Haymarket

Edinburgh

Office Leasing

CLIENT
M&G Real Estate / Qmile Group

CLIENT INDUSTRY
Offices

SERVICES PROVIDED
Office Agency

LOCATION
Edinburgh

SIZE/VALUE
280,000 sq ft - £350m scheme

DIVISION INVOLVED
Office Agency
Investment

DATE
2020

CHALLENGE
Foster + Partners designed premier mixed-use development comprising: 380,000 sq ft of Grade A office as well as leisure, retail, hotel and events space.  Advice required in terms of the design, delivery, letting of the Grade A offices.

SOLUTION
Provision of high level strategy advice from the early stage design, of both the offices and environment, through to delivery.  This advice was supplemented by the formulation and implementation of a highly successful marketing strategy.

RESULTS
M&G Real Estate and development manager Qmile Group have secured Baillie Gifford for a 280,000 sq ft pre-let at its landmark £350m Haymarket Edinburgh scheme.  Baillie Gifford have agreed to take the Grade A offices on a 20 year lease and will relocate to its new head office in 2023.  There is good interest in the remaining 110,000 sq ft pf Grade A offices.  

Following acquisition of the site, Savills provided key advice/ recommendations during the design process to ensure the offices and wider environment were tailored to the needs of modern occupiers.  Savills subsequently provided first class advice in terms of a marketing strategy which resulted in the largest ever pre-let in Edinburgh being secured to Baillie Gifford.

Paul Curran, Managing Director, Quartermile Group

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