Fantasy sports business FanDuel is relocating its UK head office in a move billed as Edinburgh’s largest pre-letting in more than a decade.
But the firm, which last week bought app developer Kotikan, will not have to travel far because it is remaining at the city’s Quartermile project, where it has been based for the past year.
Fresh from raising $275 million (£177m) from a group of major US investors, FanDuel is taking the top three floors of the seven-storey £50m Quartermile 4 building, which is set for completion in April. The Grade-A offices, spanning 58,567 square feet, will have the capacity for about 500 staff.
Chief executive Nigel Eccles said: “We founded our business in Edinburgh five years ago and Quartermile has been our home for the past year. It’s an outstanding location which provides us with all that we need.
“The development’s overall thoughtful design and complementary mix of office, retail, leisure and residential properties gives it a genuine campus feel which isn’t replicated anywhere else in the city. Importantly, Quartermile is also recognised as a key location for Edinburgh’s burgeoning tech sector.”
The regeneration scheme on the site of the former Edinburgh Royal Infirmary is also home to Skyscanner – which, like FanDuel, has grown from a start-up to an internet business valued at more than $1 billion.
Quartermile managing director Paul Curran said: “FanDuel is a remarkable success story and we are very pleased to be in the position of working with Nigel and his team as the business continues to expand. It’s an exciting, fast-growing company with huge potential, and we’re proud to be home to FanDuel.”
The scheme last year secured £80m from M&G Real Estate to develop two office buildings.