‘True trophy asset’ offices in prized Edinburgh location near Gleneagles Townhouse go on market

The Mint Building is described as offering an 'outstanding and rare' investment opportunity. Picture: contributed.The Mint Building is described as offering an 'outstanding and rare' investment opportunity. Picture: contributed.
The Mint Building is described as offering an 'outstanding and rare' investment opportunity. Picture: contributed.
“Edinburgh is one of the most dynamic and fastest-growing cities in the UK,” according to Colin Finlayson, director of Lismore Real Estate Advisors.

A prestigious office building in Edinburgh’s St Andrew Square with tenants including pizza chain Franco Manca and Nationwide Building Society has gone on the market with a £41 million price tag.

Lismore Real Estate Advisors has, on behalf of Hines, brought to market The Mint Building, set in a key office and leisure location in the Scottish capital that is home to the likes of Gleneagles Townhouse, The Ivy, Dishoom, and Harvey Nichols.

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The Mint Building is described as offering an “outstanding and rare” investment opportunity, located on the south-east corner of the square and fully let, with tenants also including finance firm FNZ and a branch of Chinese restaurant brand Tattu, while it is in close proximity to the £1 billion St James Quarter leisure development.

The building was completed in 2019, covers more than 70,000 square feet – comprising about 60,000 of grade A office space and the rest restaurant/retail accommodation – across nine floors, featuring a “statement” double-height reception, roof terraces, secure parking, cycle storage and quality end-of-journey facilities. It also says it was future-proofed to meet the “exacting” environmental, social, and governance standards of occupiers and investors, with the all-electric office premises boasting a top EPC energy-efficiency rating.

Colin Finlayson, director of Lismore Real Estate Advisors, said: “Edinburgh is one of the most dynamic and fastest-growing cities in the UK. The Mint Building is a true trophy asset, in Edinburgh’s most prized location. It offers an outstanding and extremely rare opportunity to acquire a newly-developed building on St Andrew Square, with an immediately reversionary income profile.”

Lismore in January said Scotland’s commercial property investment market was showing “promising signs of improvement” with deals up to £10m stoking demand. One transaction it flagged as noteworthy from 2023 was Patrizia’s £20m sale of 9-10 St Andrew Square as a hotel-development opportunity. It then in April revealed first-quarter figures showing that transaction volumes in the period totalled £431m, up by a third year on year, indicating a positive start to 2024.

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