First Scots outlet for Argentine chain
Gaucho joins Edinburgh’s new ‘cuisine quarter’
Culinary choice: There will be six restaurants in the new development
Gaucho, the Argentine steakhouse, will be the latest addition to Edinburgh’s growing cuisine quarter with its first outlet in Scotland.
The chain will become the fifth of six restaurants opening in the newly-developed Standard Life building in St Andrew Square.
The £90 million development by Standard Life Pooled Property Pension Fund and Peveril Securities is now fully let and includes the TK Maxx store as well as offices for Aberdeen Standard Invesments.
The Argentine steakhouse has signed a 20-year lease for a 6,512 sq ft unit next to Wagamama. The Ivy brasserie and Vapiano are opening soon, while Drake & Morgan has launched The Refinery and Dishoom has created a Bombay-style café.
Other restaurants are due to open on the east side of the square once the Chris Stewart development is complete.
David Stewart, fund manager, Aberdeen Standard Investments, said: “The line-up on the South side of the square is now complete.
“We have attracted a great mix of restaurants and chefs to Scotland for the first time, and created a new high-quality leisure hub in the heart of the city. St Andrew Square is a fantastic location and we are proud to have played a major part in its renaissance and regeneration.”
Ralph Jones, managing director of Peveril Securities, added: “As work draws to a close on the development, Gaucho joins an impressive collection of restaurants and is the last piece of the jigsaw on the south side of the square. What used to be an unloved, half-empty street is now a flourishing desirable destination.”
The 165,000 sq ft mixed-use development comprises 100,000 sq ft of office space, plus 65,000 sq ft of shops, restaurants and apartments.
Culverwell and Bruce Gillingham Pollard acted for Standard Life Pooled Property Pension Fund, while Gaucho was advised by Insight Retail.