Monday, September 18, 2023
Second letting at Onesixty in Edinburgh
Halladale, the UK property co-investment, trading and development company, has announced it has completed the second letting at its major office refurbishment, Onesixty, Dundee Street, Edinburgh to the Sinclair Knight Merz Group ( SKM ) a leading global professional services consulting firm.
SKM has taken space on the top floor of the building, extending to some 542 sqm (5,830 square feet), together with fourteen car spaces on a ten year lease with provision for a tenant's break option at the end of year five, at asking terms.
Onesixty is a joint venture between Halladale and Glasgow-based, investor/developer Gregor King and comprises a total of 4,506 sqm (48,500 sqft) of fully refurbished grade A offices complete with a stunning atrium and feature bridges. Externally, the building sits in its own landscaped grounds just minutes from the Exchange district and benefits from a parking ratio of around one space per 500 square feet of offices.
Despite a poor first half of the year for office take-up in Edinburgh, Onesixty has broken into a rich vein of demand for flexible leases in high quality space with the agents reporting a large number of viewings. Halladale have now confirmed over 868 sqm (9,350 square feet) is let with a further approximately 929 sqm (10,000 square feet) in solicitors' hands. In addition, the agents have terms issued in respect of a number of the remaining office suites, which range from 232 sqm (2,500 square feet) up to 1,144 sqm (12,315 square feet) with quoting rents ranging from £19.00 to £22.00 per square foot.
Ken Lindsay, Halladale's Property Director commented: "We are delighted to welcome SKM to Onesixty, our second tenant prior to completion of the works following quickly on from the recent letting to Gardner and Theobald. The level of interest is very encouraging, and we hope to announce further lettings shortly."
Shahram Hemmati, Manager of SKM's Edinburgh office stated: "As a leading firm providing engineering services to clients across the UK, our move to Onesixty demonstrates our on-going commitment to our Scottish operation and to achieving outstanding success for our clients. We look forward to servicing our clients from this new location."
Agents at Onesixty are Cushman & Wakefield and CB Richard Ellis. Jones Lang LaSalle represented SKM in the transaction.
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SKM has taken space on the top floor of the building, extending to some 542 sqm (5,830 square feet), together with fourteen car spaces on a ten year lease with provision for a tenant's break option at the end of year five, at asking terms.
Onesixty is a joint venture between Halladale and Glasgow-based, investor/developer Gregor King and comprises a total of 4,506 sqm (48,500 sqft) of fully refurbished grade A offices complete with a stunning atrium and feature bridges. Externally, the building sits in its own landscaped grounds just minutes from the Exchange district and benefits from a parking ratio of around one space per 500 square feet of offices.
Despite a poor first half of the year for office take-up in Edinburgh, Onesixty has broken into a rich vein of demand for flexible leases in high quality space with the agents reporting a large number of viewings. Halladale have now confirmed over 868 sqm (9,350 square feet) is let with a further approximately 929 sqm (10,000 square feet) in solicitors' hands. In addition, the agents have terms issued in respect of a number of the remaining office suites, which range from 232 sqm (2,500 square feet) up to 1,144 sqm (12,315 square feet) with quoting rents ranging from £19.00 to £22.00 per square foot.
Ken Lindsay, Halladale's Property Director commented: "We are delighted to welcome SKM to Onesixty, our second tenant prior to completion of the works following quickly on from the recent letting to Gardner and Theobald. The level of interest is very encouraging, and we hope to announce further lettings shortly."
Shahram Hemmati, Manager of SKM's Edinburgh office stated: "As a leading firm providing engineering services to clients across the UK, our move to Onesixty demonstrates our on-going commitment to our Scottish operation and to achieving outstanding success for our clients. We look forward to servicing our clients from this new location."
Agents at Onesixty are Cushman & Wakefield and CB Richard Ellis. Jones Lang LaSalle represented SKM in the transaction.
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The new Property Executive business directory has just been launched. To add a free listing for your company click here.
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