High demand for block
Last space let in Edinburgh Park office suite
Landlord the Local Authorities Property Fund, managed by CCLA, experienced high demand for the unit at 10 Lochside Place, triggering a closing date on the property.
JLL acted for CCLA to secure a five year lease at a rate in excess of the quoted rent of £17 per sq ft. Jones Granville represented SPIE UK. CCLA recently bought Sainsbury’s Bank in Edinburgh Park for £19 million.
The deal means that Leven House is now 100% occupied, leaving no vacant accommodation available within the building which was refurbished in 2013. SPIE follow Bluefin Insurance and Computershare in acquiring space in the building.
In 2015, JLL was involved in 100% of Grade A office space transactions in west Edinburgh.
SPIE UK provides energy, safety and environmentally focused solutions across multi-technical and support services from initial design, through installation, testing, commissioning to long term maintenance and facilities management, and employs more than 3,000 staff from a network of regional offices throughout the UK.
Bruce Robertson, surveyor at JLL in Edinburgh, said: “The success of Leven House and the setting of a closing date over the last remaining suite demonstrate the popularity of refurbished buildings offering open plan floor plates. This is true of suites below 5,000 sq ft in size where much of the market demand lies.”
Will Smith, Managing director of SPIE multi-technical services of SPIE UK, said: “This is an ideal location for SPIE and we are looking forward to becoming an occupant at Scotland’s largest business park.”