Edinburgh Park’s Lochside Way lets up

By James Buckley - Monday, October 09, 2017 11:46

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Edinburgh Park’s 3 Lochside Way has seen significant occupier demand following its acquisition by Drum Income Plus REIT and the completion of an £80,000 refurbishment project.

The office building, marketed by joint agents Knight Frank and JLL, has secured new tenants for around 10,000 sq ft within the last 10 months, with only one 3,900 sq ft ground floor suite remaining. 

The recently refurbished common areas have had a positive response from the building’s new occupiers, which include biotechnology firm, NuCana; fleet management company, Gofor Finance; and the legal arm of estate agency, Coulters.

Simon Capaldi, Office Agency Partner at Knight Frank, said: “3 Lochside Way has been a real success story since the conclusion of substantial refurbishment works to the building’s common areas.

“3 Lochside way is close to being fully let, with only 3,900 sq. ft. of space available. The last remaining ground floor suite is already generating encouraging levels of interest, as occupiers seek high quality facilities readily accessible to the city centre via the tram, bus and rail services at Edinburgh Park.”

Bryan Sherriff, Investment Advisor at Drum Income Plus REIT, said: “Following renovation, 3 Lochside Way offers first-class, flexible office accommodation. Edinburgh Park and the west of Edinburgh are attractive locations for occupiers due to the improved transport infrastructure and increased choice for tenants. The significant demand for our recent investment is a perfect example of this trend.”

jbuckley@costar.co.uk

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