M&G Real Estate and its property developer partner Qmile Group have secured a 280,000 sq ft pre-let at the £350 million Haymarket Edinburgh development.
Independent investment partnership Baillie Gifford has agreed to take the Grade A accommodation on a 20-year lease and will relocate to its new head office in the latter half of 2023. The agreement also marks the first pre-let achieved at Haymarket Edinburgh.
Andrew Telfer, Ballie Gifford joint senior partner, said: “This new office is a significant long-term investment for Baillie Gifford, demonstrating our confidence in the future.
“It will bring all our Edinburgh colleagues under one roof again, in a more flexible and dynamic working environment. This will help to support our staff and clients around the world, whilst providing space for further growth.”
Martin Towns, M&G Real Estate, head of UK Commercial said: “For our customers and clients, this development represents a key asset with potential for sustained income and strong capital appreciation in a targeted growth zone.
“We are very pleased that Baillie Gifford has chosen Haymarket Edinburgh and we look forward to welcoming them in due course.”