Legal rivals relocate to same building
Pinsent and Brodies to share new prime office complex
Prime site: Capital Square
Law firm Pinsent Masons will be sharing premises with its big rival Brodies in prime new offices in the centre of Edinburgh.
The two firms, which have each claimed to be the biggest in Scotland, will move to the Capital Square scheme now under construction behind the Sheraton Hotel in the Exchange District.
Pinsent Masons, which acquired McGrigors in 2012, is leasing 25,000 sq ft of floorspace over two of the eight floors.
Brodies has already announced it will occupy the top three floors (five, six and seven) of the 122,000 sq ft complex being developed by BAM Properties in partnership with Hermes Investment Management. It is scheduled for completion in May 2020.
Pinsent Masons, which is ranked amongst the world’s biggest 75 law firms, has offices in Glasgow and Aberdeen and employs more than 500 lawyers and support staff in Scotland.
Partner and head of its Edinburgh office, Ewan Alexander, said: “Scotland is a critical market for us and we required premises that reflect our ongoing commitment to the capital and market-leading position.
“There has been a dearth of suitable Grade A office accommodation in Edinburgh, so we are delighted to have agreed a lease for premises at the heart of the city’s business district.
“It is important that our staff are located in a prime position, which is accessible to key decision makers and national and local government agencies.”
The design and fit-out process, which will be heavily influenced by the opinions of the Pinsent Masons team, will focus on promoting well-being in the workplace and will follow the firm-wide policy of encouraging an agile working environment.
Mr Alexander added: “The emphasis nowadays is upon innovation and collaboration as much as legal expertise.”
The firm’s 200-plus Edinburgh lawyers and support staff currently work between offices in Princes Exchange and nearby Edinburgh Quay.
Dougie Peters, Managing Director, BAM Properties said: “We are delighted to welcome Pinsent Masons to Capital Square which represents our second major letting success in recent weeks.
“More than half of the building is now pre-let which demonstrates how attractive Capital Square is as a working environment and location for modern occupiers seeking to attract and retain the best talent.
“Quality Grade A accommodation is key for Edinburgh to remain attractive to occupiers and Capital Square is providing first class office space at a time of limited supply in the market.”
Some 54,000 sq ft remains available for let at Capital Square.
Ian Cody, Director, asset management at Hermes Investment Management, added: “We look forward to welcoming Pinsent Masons once the building is complete.”
CBRE and Montagu Evans represented BAM Properties and Hermes Investment Management. CBRE acted on behalf of Pinsent Masons.