Ryden secures lettings
Eight tenants sign up to Castlebrae centre
Ryden has signed up eight tenants at Castlebrae Business Centre, an Art-Deco Category B listed former school in Craigmillar, Edinburgh, which has been converted to provide over 35,000 sq ft of office and studio accommodation.
The agent secured the deals on behalf of head tenant Cre8te Opportunities, a social enterprise set up to help local residents and businesses. The building is owned by Edinburgh Council and has undergone an extensive £2 million refurbishment.
The new occupiers are Graham Facilities Management, 20th Century Antiques, BB Bespoke, Garland Florists, Working on Wheels, Homeless Outreach Project, Shot Scope Technologies and Curious Gem. They have each signed a month-to-month rolling contract at £10 per sq ft. Unit sizes ranged from 300 sq ft to 1,000 sq ft.
Cameron Whyte, surveyor at Ryden who secured the deals, noted: “Flexible lease terms, competitive rentals, volume of car parking and the overall quality of the refurbishment were all major attractions for the new occupiers.
“Following completion of the extensive refurbishment project, we look forward to introducing more tenants to Castlebrae Business Centre which is now approximately 75% let.”
Sharron Stanton, chief executive of Cre8te Opportunities noted: “The refurbishment of the Castlebrae Business Centre is a major boost for Craigmillar.”