Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Tuesday, July 10, 2023

Morley Fund Management acquires No.1 Quartermile Square

The flagship No.1 Quartermile Square office and retail development in the heart of Edinburgh's impressive Quartermile development has been purchased by Morley on behalf of Norwich Property Trust.

The deal comes in the wake of the pre-let of almost half of the 120,000 sq ft building to leading law firm Maclay Murray & Spens.

Quartermile is a joint venture development between Gladedale Capital and HBoS. No.1 Quartermile Square has changed hands for a price in the order of £60 million.

Maclay Murray & Spens has agreed to take c. 50,000 sq ft of the grade A office building as its new Edinburgh headquarters.

Based on the site of the former Edinburgh Royal Infirmary, Quartermile will eventually encompass a £400 million regeneration project offering more than 300,000 sq ft of Grade A office space, 900 luxury apartments, a boutique hotel and various leisure and retail facilities.

It is expected that construction work at No.1 Quartermile Square will be completed by October, with Maclay Murray & Spens taking occupation shortly thereafter.

Colin MacPherson, Development Director at Gladedale Capital said; ?There has been a terrific amount of interest from investors in No.1 Quartermile Square since we confirmed Maclay Murray & Spens as tenants earlier this year. Securing this calibre and size of tenant before the building was complete underlined the demand which exists for top quality grade A office accommodation in the Capital.

"This is an excellent development in a prime location and we believe it represents outstanding value for the purchasers. We are working to secure further tenants for the remaining space, which will ensure it generates significant returns on this investment."

Philip Owen, Assistant Fund Manager at Morley, said: "We are delighted to have secured this prestigious office investment for Norwich Property Trust and firmly believe that the current good level of interest bodes well for the letting of the remaining accommodation".

Designed by Foster and Partners, the architects behind internationally renowned projects like London's Swiss Re Tower, the Reichstag in Berlin and Hong Kong's new airport, No.1 Quartermile Square sets a new standard for offices in Scotland.

No.1 Quartermile Square is a striking seven storey office building featuring column-free open plan space with floorplates ranging from 9,677 sq. ft to 20,656 sq. ft. As well as an impressive reception and atrium, the ground floor will include two retail units of 12,508 sq ft and 2,153 sq ft.

Located in a prime position on Lauriston Place, next to the Category 'A' listed former Surgical Hospital, No.1 Quartermile Square will front on to a new public space, providing an impressive gateway to the whole site. Its dual aspect will provide views of Quartermile itself and the Pentland Hills to the south, and of Edinburgh Castle and George Heriot's School to the north.

Morley were represented by NB Real Estate during the transaction, while CB Richard Ellis acted for Gladedale Capital.



slot gacor

deposit pulsa tanpa potongan

slot88

raja slot

rahasia maxwin mahjong ways terkuak: nibung88 resmi dapat lisensi pg soft, peluang menang makin gede! bukti nyata! nibung88 resmi bermitra dengan pg soft, mahjong ways kini lebih gampang maxwin! rahasia slot gacor 2025: mahjong ways di nibung88 banjir scatter, pemain auto cuan! pg soft akui keunggulan nibung88: mahjong ways jadi game paling sering maxwin tahun ini! peluang menang 95%! mahjong ways versi nibung88 terbukti gacor sejak dapat lisensi resmi pg soft! heboh di komunitas slot! mahjong ways di nibung88 dikenal sebagai “pintu emas” maxwin pg soft! pg soft umumkan kolaborasi besar! mahjong ways di nibung88 kini punya pola baru lebih mudah maxwin! trik pemain profesional terbongkar: begini cara raih maxwin di mahjong ways versi nibung88! pemain kaget! mahjong ways nibung88 bagi-bagi scatter tanpa henti sejak dapat lisensi pg soft! mahjong ways nibung88 jadi favorit baru! statistik menunjukkan tingkat kemenangan naik drastis! rahasia rtp tersembunyi: mengapa mahjong ways di nibung88 lebih gacor dari situs lain? kabar gembira! mahjong ways di nibung88 kini resmi masuk daftar game paling gacor pg soft 2025! sudah coba belum? mahjong ways nibung88 ternyata simpan pola scatter rahasia yang jarang diketahui! data terbaru pg soft bocor: nibung88 punya versi mahjong ways dengan winrate tertinggi minggu ini! bukan hoaks! mahjong ways di nibung88 terbukti lebih mudah maxwin setelah update lisensi resmi! fenomena baru di dunia slot: mahjong ways nibung88 jadi incaran pemburu maxwin seluruh indonesia!