NEW OCCUPIERS FOR THE CHARLOTTE SQUARE COLLECTION
The rejuvenation of Edinburgh's most prestigious financial district gathers pace
The Charlotte Square Collection, a managed estate of 21 townhouse properties in Edinburgh’s iconic Georgian square, has attracted two new occupiers to its beautifully renovated office accommodation.
Swiss asset management company, Syz & Co, and leading Swedish bank, Handelsbanken are the latest companies to join the growing cluster of high quality businesses based in offices within the Collection, where a prestigious hub for bespoke financial services companies has been created.
The arrival of Syz & Co completes the letting of all three individual townhouses renovated on the south side of Charlotte Square. Syz & Co has taken 1,400 sq ft over two floors at No 31 Charlotte Square. Its new neighbours include Badenoch & Co, and Murray Capital, who recently joined Cornelian Asset Managers and Ruffer LLP on the south terrace.
Meanwhile, Handelsbanken has taken possession of a newly refurbished ground floor suite of 3,150 sq ft at 18 Charlotte Square and woks have commenced to refurbish two of the finest properties on the Square, numbers 10 and 11. With completion due in May, the properties have already attracted significant letting interest.
Claire Manson, Senior Portfolio Manager at Syz & Co Asset Management, said:
“Charlotte Square is the ideal location for us.
“The appeal of The Charlotte Square Collection was a combination of the address, the unique high quality and The Collections management philosophy. We want to be part of the Square and the vision for returning the area to a high end financial hub. It’s a great place for clients to come and visit.
“The interior has a quality finish and we are settling in well to our new environment. Since signing the lease the whole process of moving in has been extremely smooth with minimal disruption to our day to day business.”
Mike Mullins, Branch Manager of Handelsbanken’s Edinburgh office added:
“Our move to Edinburgh six years ago has been extremely successful. We opened our second branch in the city last year and needed to expand the existing office further. The move to the Charlotte Square Collection gave us both the location and the ideal office size and fit-out we were looking for.”
The remaining property on the south terrace, number 28 Charlotte Square, is designed to accommodate an incoming business of up to 300. While this property has been completely refurbished as part of a £25m renovation programme of the former National Trust buildings, others in the Collection can be pre-let and redeveloped to specific requirements for all sizes of business.
Nick Ball of Corran Properties, which manages The Charlotte Square Collection, said:
“We’re delighted that companies of the stature of Syz & Co and Handelsbanken have chosen to join the Charlotte Square Collection. The Charlotte Square address is a tremendous draw for high-end financial service companies, comparable to anything in London’s Mayfair. With rents up to 75% lower in Edinburgh than in London, and an unrivalled quality of life, Scotland’s capital has huge advantages. What we offer is iconic and our approach to the properties within The Collection is one of long term custodianship of an important Edinburgh asset where occupiers receive a meticulous level of service.”
Notes to Editors
- The Charlotte Square Collection is a managed estate of twenty-one properties providing high quality and Grade A office accommodation.
- Tenants include Hampden & Co, Cornelian Asset Managers, Allied Irish bank, Amati Global Investors, Murray Capital and Ruffer LLP.
- The £25m redevelopment and restoration of numbers 26, 28, 30, 31 Charlotte Sq. was completed in November 2013.
Elizabeth Lambley, Indigo, 0131 554 1230