Located in the city’s Exchange District, One Lochrin Square, which has 64,000 sq ft of space, is the former site of Scotmid’s headquarters and is the only self-contained building of its scale set to reach the market over the next year.
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Commercial property consultant Knight Frank and investment management company JLL, which marketed the offices, said owners UBS Asset Management undertook a speculative “defurbishment” on the building’s ground floor.
They said this is “a new property trend which provides stripped back, attic-style office accommodation” to attract occupiers in the Scottish capital’s “booming” TMT (technology, media and telecoms) sector.
Nearly a third of all office space transacted in Edinburgh last year involved TMT occupiers.