Wednesday, October 24, 2023
Change of use permission at Edinburgh Quay
Edinburgh Quay Ltd has secured Change of Use planning permission for the ground floor of Quay2, the new 60,000 sq ft office building at Edinburgh Quay, the mixed-use development at Fountainbridge.
City of Edinburgh Council granted approval which now provides the ground floor with the benefit of Class 1 Retail, Class 2 Financial, Professional and other services, and Class 4 Business uses.
Formerly, the new development situated in the heart of the Exchange District offered 4,399 sq ft (409sqm) of Class 1 retail space.
Pamela Grant, director of Edinburgh Quay Ltd, said: "The change of use gives us complete flexibility when offering the space to the market. The classification allows us to deliver added value and maximises opportunities for tenant use.
"It will increase the building?s overall diversity and appeal and, we believe, will please current interested parties and generate even more interest from potential occupiers."
Andrew Munnis, partner with Montagu Evans LLP, advised Edinburgh Quay Ltd on planning issues, said: "This is a valuable change of use planning permission for Edinburgh Quay Ltd. The increased flexibility that this offers to the market can only enhance the character and appearance of the area and does not preclude the unit from being used for retail purposes in the future."
Grant continued: "All of the major developments which have been launched in the city this year are being snapped up quickly, and with the next surge of grade-A developments not arriving until 2009 there will be around an 18-month gap until new, quality space is available in Edinburgh.
"The change of use at Quay2 will ease the potential shortfall of prime office accommodation in the market for the moment.
"Quay2, along with the first phase of Edinburgh Quay, has been pivotal in the conversion of Fountainbridge, establishing the area as a desirable location with strong potential for economic and social growth."
Following the official unveiling of the office building in February this year, Edinburgh Quay Ltd has secured Baker Tilly, the accountancy and financial services company, and the corporate banking division of Barclays, as tenants, who are already trading from Quay2.
Currently, 43,200 sq ft is available for occupation at Quay2. Located in the Exchange District, with the canal basin at the heart of the development, Quay2 completes the regeneration project that has transformed the area around Lochrin Basin in Fountainbridge into a landmark development.
Jones Lang LaSalle and GVA Grimley are the joint lettings agents for Quay2.
City of Edinburgh Council granted approval which now provides the ground floor with the benefit of Class 1 Retail, Class 2 Financial, Professional and other services, and Class 4 Business uses.
Formerly, the new development situated in the heart of the Exchange District offered 4,399 sq ft (409sqm) of Class 1 retail space.
Pamela Grant, director of Edinburgh Quay Ltd, said: "The change of use gives us complete flexibility when offering the space to the market. The classification allows us to deliver added value and maximises opportunities for tenant use.
"It will increase the building?s overall diversity and appeal and, we believe, will please current interested parties and generate even more interest from potential occupiers."
Andrew Munnis, partner with Montagu Evans LLP, advised Edinburgh Quay Ltd on planning issues, said: "This is a valuable change of use planning permission for Edinburgh Quay Ltd. The increased flexibility that this offers to the market can only enhance the character and appearance of the area and does not preclude the unit from being used for retail purposes in the future."
Grant continued: "All of the major developments which have been launched in the city this year are being snapped up quickly, and with the next surge of grade-A developments not arriving until 2009 there will be around an 18-month gap until new, quality space is available in Edinburgh.
"The change of use at Quay2 will ease the potential shortfall of prime office accommodation in the market for the moment.
"Quay2, along with the first phase of Edinburgh Quay, has been pivotal in the conversion of Fountainbridge, establishing the area as a desirable location with strong potential for economic and social growth."
Following the official unveiling of the office building in February this year, Edinburgh Quay Ltd has secured Baker Tilly, the accountancy and financial services company, and the corporate banking division of Barclays, as tenants, who are already trading from Quay2.
Currently, 43,200 sq ft is available for occupation at Quay2. Located in the Exchange District, with the canal basin at the heart of the development, Quay2 completes the regeneration project that has transformed the area around Lochrin Basin in Fountainbridge into a landmark development.
Jones Lang LaSalle and GVA Grimley are the joint lettings agents for Quay2.
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