As Ricoh moves to Maxim...
£4m city project creates Grade A space
80 George St: helps ease Grade A shortage
NFU Mutual has begun the £4m refurbishment of an office development in George Street, Edinburgh. JLL has been appointed as the sole letting agent.
On completion at the end of this year, 80 George Street will provide up to 40,585 sq ft (3,770 sq m) of Grade A office accommodation over six levels with floorplates of approximately 8,000 sq ft.
It is one of only two major office development projects to complete in Edinburgh city centre this year, and will address the shortage of centrally located, modern space.
Anne Hurrell, NFU Mutual asset manager, said: “The current demand for high quality Grade A office space in Edinburgh gave us the confidence to invest in a significant refurbishment project at 80 George Street.
“We are excited by the plans for the scheme and are looking forward to seeing the new and improved building take shape as the works progress.”
Ben Reed, director at JLL in Edinburgh, said: “Edinburgh currently has a severe supply shortage with only one new build development available and expected to complete before 2020. 80 George Street is therefore ideally placed to capitalise on the lack of supply.”
The project team includes building contractor akp Scotland, architect Michael Laird Associates and project manager PSK.
Ricoh for Maxim
Global technology and IT services company Ricoh is opening an office and contact centre at Maxim Office Park on the M8.
Ricoh has for several years worked with local government bodies including Scottish NHS, Scottish Procurement and Crown Office, as well as businesses such as Scottish Power, BP, Shell and Tunnocks, through to local printing producers XIC, Push Print and WGM on an IT Infrastructure rollout.
Its new 4,467 sq ft office is located within the Maxim 1 building and the firm will be hiring additional employees.