Commercial Property News

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Thursday, August 09, 2023

Watts Group on the move to George Street, Edinburgh

Watts Group Plc is to move to new offices in George Street, Edinburgh, following a deal announced today by Jones Lang LaSalle and Eric Young & Co.

A leading consultant to the property and building industry, Watts will lease a 2,360 square-foot suite on the second floor of the building at 68-70 George Street for 53,000 a year until 2015. Currently based at 29A Stafford Street, Edinburgh, Watts is scheduled to move into the larger and more prominent space on 27 August 2007. This move signifies Watts' growing presence across Scotland.

Neil Tweedie, surveyor with Jones Lang LaSalle Edinburgh, which acted for the assignor BowLeven Plc, said: "This deal is evident of the continued strong demand for good quality city centre accommodation below 5,000 square feet. Jones Lang LaSalle was able to assign BowLeven's leasehold interest with minimal marketing."

Jones Lang LaSalle acted for BowLeven while Eric Young & Co represented Watts Group Plc.