Aberdeen Standard Investments complete Edinburgh HQ letting

By Paul Norman - Thursday, October 12, 2017 12:26

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Aberdeen Standard Investments has completed its letting of 67,799 sq ft at 10 George Street further increasing its presence at the east end of the city, after landlord Sampension gained consent for a major refurbishment. CoStar News has a peak at the plans.

Danish pension fund Sampension lodged plans in December of last year and in September gained consent for a refurbishment of the office building involving no change of use.

The building was leased in 1993 for a period of 25 years. That period runs out in 2018 and the building has now been relet to Aberdeen Standard Investments for another 15 years at an undisclosed rent thought to be around £30 per sq ft.

The Reiach & Hall Architects designed plans see the offices increased in size from 60,869 sq ft to 67,799 sq ft. They will see the existing curtain walling replaced while all existing stone cladding is retained.

There are small areas of extension to floor plates to increase office area while the glass upper floors are extended north and west to meet the building lines of the adjacent building.

There will also be the reallocation of plant to allow part of the sixth floor to be converted to office use and the central western light well will be partially infilled.

Cushman & Wakefield acted for Sampension; Ryden acted for Aberdeen Standard Life Investments.

pnorman@costar.co.uk

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