Fintech group Nucleus Financial moving to new Edinburgh HQ

Nucleus Financial, the Edinburgh-based fintech business, is moving to a new home in the capital after agreeing a deal for space at the Greenside office development on Blenheim Place.

Nucleus boss David Ferguson says the fintech firm is moving to a 'world-class facility'. Picture: Jane Barlow

The agreement with property developer Chris Stewart Group (CSG) will see the firm take occupancy of the second floor and part of the third floor on a ten-year lease, commencing in November. Nucleus will relocate its 180 or so staff from its current base in the city centre.

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CSG is in the process of redeveloping the building, which provides 38,000 square feet of office accommodation over five floors and was built in 1988 as a computer centre for Scottish Equitable. The fit out, by GHI Contracts, has seen back-up generators and chiller plant rooms being stripped out. High ceilings have been created by removing suspended ceilings.

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Nucleus founder and chief executive, David Ferguson, said: “Greenside looks like being a world-class facility and is certainly in the happening end of town – we’ll be sorry to leave Thistle Street Lane but this move should encourage us to up the pace and accelerate us in the direction of £40 billion or £50bn of assets under management.”

CSG boss Chris Stewart added: “We are delighted to have agreed terms with Nucleus for the lease at Greenside. Having shared our vision for the building, we look forward to welcoming them this year.”

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