FNZ, the fast-growing financial services technology outfit, is taking extra space in an Edinburgh office block after growing its assets under administration.
The company, which makes “wrap platforms” that allow asset managers to see all of their clients’ investments together on one computer screen, relocated from New Zealand to Scotland in 2005 after winning a £35 million contract from Standard Life. Now the firm is taking extra space at Tanfield, the offices in a former Standard Life site owned by Nasdaq-listed Carlyle Group, as it consolidates its Edinburgh operations on to a single base.
FNZ, which began moving into the development in 2011, has rented an extra 8,500 square feet, taking its total office space to 25,800sq ft. The firm sealed a major deal with insurer Aviva last year.
Carlyle has also signed up engineering company Alstom to lease nearly 6,800sq ft at Tanfield, which – together with the FNZ deal – takes the site’s occupancy rate from 45 per cent to 55 per cent.
The office complex already hosts New York-listed support services outfit Aecom, banking software firm Avaloq, Aim-quoted hospital billing software firm Craneware and thetrainline.com booking website.
Mark Harris, managing director at Carlyle, said: “These two lettings demonstrate the attractiveness of Tanfield. The scheme now contains an impressive selection of occupiers across a range of industries.”
Tanfield hosted the first “general assembly” meeting of the Free Church of Scotland, following the 1843 disruption.