Commercial Property News

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Tuesday, July 03, 2023

Bowleven takes space off St Andrew Square, Edinburgh

Oil and gas company Bowleven is to move to new headquarters in North St Andrew Lane, off St Andrew Square, Edinburgh.

Bowleven has struck a ten-year deal with Scottish & Newcastle to lease 6711 sq ft at 1 North St Andrew Lane.

The agreement at 26 per sq ft represents another significant letting for the East End of Edinburgh.

Ben Reed, director of Jones Lang LaSalle Edinburgh, said: "This letting demonstrates that there is a much more even spread of take-up across the city centre compared to the past two years. Due to their continued expansion, Bowleven will be taking more than twice the space they currently occupy in George Street. The quality of these offices and their proximity to Waverley Station and all the neighbouring facilities was the key in settling this deal"

John Brown, finance director of Bowleven, said: "We set out with the objective of staying in the heart of the city centre, which is important to our staff. These offices provide Bowleven with a good quality environment to help build upon the recent expansion of the business."

Toby Withall, partner of GVA Grimley, said: "We are hopeful that the activity created through this significant letting to Bowleven will serve as a catalyst in ensuring the remaining space at ground and first floor levels are let soon"

Jones Lang LaSalle acted for Bowleven while GVA Grimley represented Scottish and Newcastle.