Old Town office development is on the market

The forthcoming 179 Canongate office development off Edinburgh’s Royal Mile has been put up for sale.

Developer Summix Capital has enlisted property firm Knight Frank to find either a buyer a pre-let tenant. It would also be open to a turnkey acquisition, with Summix developing the property then selling to an occupier upon completion.

The building has been designed by architects 3DReid to complement its historic surroundings, and will offer 20,000 sq ft of high-quality office space over four floors.

Toby Withall, office agency partner at Knight Frank, said:  “3DReid has gone to great lengths to create an office building that captures the character of the area, retaining part of the façade while creating a very attractive office space which will be flooded with natural daylight. Sustainability is at the heart of the development, with the reuse of existing fabric and inclusion of extensive cycling facilities among other measures.

“179 Canongate is just a few minutes’ walk from Waverley Station and it is very close to the new HMRC hub, Scottish Parliament, and City of Edinburgh Council. Its layout would particularly suit tech organisations or businesses that work collaboratively. With a real lack of brownfield development opportunities in Edinburgh city centre, it is a rare opportunity.”

Stuart Black, development director at Summix Capital, added:  “We are incredibly excited to be progressing this project through to the next stage of development. Located at the very heart of Edinburgh this prime property is in a highly-accessible location with particular provision for co-working.

“The contemporary flexible nature of the space available means that it is highly-adaptable, especially relevant given the current economic environment. It can be secured on a pre-let agreement or a turnkey acquisition, in which we would develop the property to then sell to an occupier upon completion.”


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.