Letting at One Lochrin Square
Spaces to launch city co-working hub
One Lochrin Square: now 65% let
Spaces, the Netherlands-based co-working brand, is to launch a hub on three floors of a new office development in Edinburgh.
The Amsterdam company is taking 29,707 sq ft at One Lochrin Square in the Exchange District.
Founded in 2006, the company operates in Brighton, Glasgow, Liverpool, London and a number of overseas cities and is looking at other locations.
It will occupy just under half the available space at One Lochrin Square which is also home to Ctrip, the Chinese owner of Edinburgh-based Skyscanner which took 12,000 sq ft on the building’s first floor late last year.
The 64,000 sq ft development was re-launched by UBS Asset Management on behalf of investors in March last year following a major refurbishment.
Ben Reed Office agency director at JLL, said: “UBS took a bold decision to include some ‘de-furbished’ space on the ground floor – a property trend which accentuates a building’s existing features by offering stripped back, loft-style office accommodation.
“This was a factor in attracting Spaces to the building as well as the benefit of securing bright open plan upper floors with access to a large roof terrace, which will be accessible by their clients. The building is now 65% let.”
Richard Morris, UK CEO at Spaces, said: “Spaces’ emphasis on networking and community allows users to meet others who share a belief in the power of collaborative working.
“Edinburgh is an important business location for our expansion plans. Our new hub will provide a flexible environment for businesses to grow in a key, strategic business location.”
Toby Withall, office agency partner at Knight Frank, said: “2018 will begin to see a steady flow of collaborative, co-working facilities coming to Edinburgh and Glasgow.
“The Spaces concept is just one of a few operators looking at the city. It’s very good news for One Lochrin Square, which has generated strong occupier interest since its recent refurbishment and we are confident the remaining second floor will be fully let soon.”
At the time of its launch in spring last year, One Lochrin Square was Edinburgh’s largest single office building available for let.
UBS Asset Management was represented by JLL and Knight Frank. Spaces was represented by CuthbertWhite.