Latest commercial moves

Johnston Carmichael expands; Rosewell fully let

Mark StewartBusiness advisory and accountancy firm Johnston Carmichael has expanded its Edinburgh premises, adding 1,400 sq ft take overall office space in Melville Street close to 15,000 sq ft.

The expansion follows a 13% year-on-year fee growth for the Edinburgh team in the last financial year. Over the past five years, the Edinburgh office has recorded an overall growth in fees of 63%.

Financial performance has prompted significant investment in new hires, up 11% in the past year to 140 employees.

The firm’s central belt corporate finance team was involved in 29 deals with a value of around £300 million during the last financial year.   

Mark Stewart, (pictured) managing partner at Johnston Carmichael’s Edinburgh office, said: “Johnston Carmichael opened its Edinburgh office in 2002 with 12 people.

“The investments we have made, and will continue to make, in our services, operations, offices and people are delivering growth rates that are out-performing the wider market.”

Lettings at Newbridge 

Two new occupiers have been found for Rosewell House, Connect Business Park, Newbridge taking the 20,000 sq ft office building up to full occupancy once again. 

The tenants were sourced by joint letting agents Ryden and Cushman & Wakefield.

Mechanical and electrical engineering contractor, King & Moffat, has taken a lease on a 1,332 sq ft ground floor suite alongside reverse vending machine manufacturer, Envipco, which has taken the remaining 1,296 sq ft ground floor suite.

Graeme McLean of landlord Scotmid said: “We are delighted to welcome our new tenants and to once again complete full occupancy of this quality office building lying adjacent to our own group HQ at Newbridge.”

Iain Taylor, associate at Ryden, added: “These latest two lettings at Rosewell House completes the occupier line-up for the building and demonstrates continued occupier demand for good quality open-plan accommodation in and around west Edinburgh.”

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