Gyle sees change

Drummond House on market as RBS downsizes

Drummond House

Drummond House: staff relocated to Gogarburn (pic: Terry Murden)

Royal Bank of Scotland’s former Drummond House office building in South Gyle, Edinburgh, has been put on the market as the bank downsizes its property portfolio.

The sale follows the bank’s decision in December to relocate upwards of 2,000 staff from the building to its Gogarburn headquarters.

Covering 243,000 sq ft, Drummond House is one of the largest single office buildings on the Gyle business park which forms part of the city’s key growth zone.

Other nearby developments proposed include the residential Garden District, and the Crosswinds and International Business Gateway business parks at the airport.

Cushman & Wakefield is handling the sale of Drummond House.

RBS has offloaded other properties in Scotland and London, including a large block in Dundas Street, Edinburgh now designated for a residential development.

Royal London stakes offices in central Glasgow

Pensions group Royal London has taken a floor in refurbished offices at 242 West George Street Glasgow.

Joint letting agents Ryden and Avison Young acted on behalf of City Site Life.

Mixed outlook for office demand

Office take-up in the third quarter in Scotland’s biggest cities remained mixed as senior figures in the sector insists there remains plenty of demand for space despite the home-working phenomenon.. Full story here

See also

Savills agent questions ‘knee jerk’ cuts in office space

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