Fund manager expands
Baillie Gifford takes office space at Mint Building
Chris Stewart Group has signed its second biggest deal in a week on a new office development under way in the centre of Edinburgh.
The developer has pre-let 60,000 sq ft at 20 West Register Street, also known as The Mint Building, to fund manager Baillie Gifford. The seven-storey building, still under construction, was last week acquired by Hines, the international real estate firm.
Designed by Hoskins Architects, it is part of the £85 million regeneration project at ‘The Registers’ in St Andrew Square.
Baillie Gifford, headquartered in nearby Leith Street, is taking space capable of accommodating 700 staff once completed in early 2019.
Property investor, developer and operator, CSG is currently delivering a £300 million investment programme across Scotland. ‘The Registers’ development also includes The Edinburgh Grand, a neo-classical property that has been restored to create 50 luxury apartments in a hotel setting, as well as plans for significant investment in the public realm around West Register Street.
Mr Stewart, CEO, said: “The agreement with Baillie Gifford is very positive news for Edinburgh and for the continued transformation of St Andrew Square and the east end of the city centre.
“20 West Register Street will be a stunning focal point on the south east corner of St Andrew Square and alongside The Edinburgh Grand will draw people through to the new Edinburgh St James.
“The elegance of the Hoskins design cleverly reflects the surrounding historic buildings, bringing these into view as you walk through The Registers. It is tremendous to see the development take shape.”
Alan Paterson, partner at Baillie Gifford, added: “This high-quality office is well located in Edinburgh city centre’s flourishing east end, in close proximity to our headquarters at Calton Square. It offers us flexible space as we plan for the long-term expansion of our client base, and will be an attractive working location for our staff.”