Commercial Property News

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Thursday, April 24, 2023

Bell Lawrie move to Dundee's City Quay

With the announcement that another of Dundee's top companies has moved into City Quay, the company behind the regeneration of this historic part of the waterfront predicts a bright future for Dundee's growing city centre.

The latest tenant to move into City Quay is Bell Lawrie, the leading private client investment manager, which has let 4,000 sq ft in Shed 26.

Tim Allan, of Unicorn Property Group said: "City Quay has been developed, refurbished and successfully let or sold nearly all the commercial space - or what amounts to a new commercial quarter of Dundee's city centre, set in the dramatic old buildings built by the Victorians as maritime sheds.

"The company backed a vision for the city: an enlarged city centre, with top class commercial and residential accommodation, built in a new quarter of the city which is a link to the city's proud maritime history. We are pleased that firms of the calibre of Bell Lawrie share that vision."

Bell Lawrie, who has seven offices in Scotland, employ 21 staff in Dundee, including investment managers, financial services consultants and administrative staff, will move the entire operation to City Quay.

Ian MacDonald, Division Director of Bell Lawrie in Dundee, said: "We are delighted to secure this excellent new office space at City Quay. This investment signals our confidence that our company will continue to grow in years to come as we look to strengthen our client offering throughout Tayside."

Letting agent, Andrew Dandie of Graham + Sibbald, which acted for Unicorn said: "The commercial success of City Quay - and the number of enquiries we are getting for DundeeOne - is great news for Dundee. Unicorn is developing a genuinely visionary plan for the historic Docks and the company's plans and buildings are recognised as an important part of the city's ongoing regeneration."

City Quay was acquired by Unicorn Property Group in 2005, and the company has developed Shed 26 and 27 into top quality commercial accommodation. There are 12 new Units (numbered 27 - 38) at City Quay, which to date have been purchased or leased by a series of well known professional companies.