Pure Offices upbeat; Wemyss makes industrial move
Katie Whell: ‘We are confident’
The firm behind a £3.8 million serviced office development at Edinburgh Park says it is confident that demand will pick up after seven tenants signed up for the first of the 90 units available.
Pure Offices has redeveloped the former Scottish head office of drinks firm Diageo at the southern tip of the business park.
The firm’s operations director Katie Whell admitted to being concerned that restrictions urging workers to work from home would hit short-term demand.
However, a “large number of prospects” have emerged, underpinning confidence that demand for offices will pick up.
Ms Whell said: “We’re really upbeat about our prospects at Edinburgh Park driven by the faith shown in us by our new customers.
“As soon as the way out of the current restrictions emerges we are confident that lots more firms will be looking to complete moves into office spaces.”
Reading-headquartered Pure also operates The Bonnington Bond and Sugar Bond offices in Leith.
Wemyss moves into industrial sites
Wemyss Properties, part of the Wemyss Group, is expanding its development offering as it completes the acquisition of its first industrial development at Hagmill Road, adjacent to Centrum Business Park in Coatbridge.
The 1.81-hectare site was purchased for an undisclosed amount from real estate investment and development company, MCR Property Group.
Wemyss Properties recently submitted a planning application to build 53,216 sq ft of speculative industrial space.
William Wemyss, chairman of the Wemyss Group, said: “We are excited to add another string to our property development bow with this acquisition.
“We are currently looking for other premier industrial sites as we continue to grow our development offering in this market sector. We feel confident about the future of this property class.”