SCOTTISH law firm Brodies LLP has been announced as the first occupier of the Capital Square development in Edinburgh.
Brodies was secured as the first occupier by BAM Properties in partnership with Hermes Investment Management, and is set to let the top three floors of the eight-storey development, located in the city’s Exchange business district.
BAM Constitution has been appointed to build the development, which is scheduled for completion in May 2020.
Situated between Morrison Street and Lothian Road, the building was designed by architects Hurd Rolland and features a glazed curtain-walling façade and double-height reception with a courtyard entrance, all set within south-facing landscaped gardens.
The building will feature a BREEAM ‘Excellent’ rating and an EPC ‘A’ rating on completion, BAM said.
Dougie Peters, managing director, BAM Construction commented, “We are confident the market was right for a speculative investment of this scale and are delighted to welcome Brodies as our first occupier at Capital Square. There is an element of history repeating itself as Brodies was also our first occupier in our previous development at 110 Queen Street, Glasgow.
“Much has been documented about the lack of Grade A space in Edinburgh and Capital Square will go some way to address this pent up demand for high calibre office space in prime locations which helps occupiers attract and retain the best talent. It was important to Brodies that the building afforded the best in modern working practices and provided a great place for staff to work and clients to meet.”
Ian Cody, director, asset management at Hermes Investment Management said, “As Scotland’s largest law firm, Brodies is exactly the type of occupier we are targeting for Capital Square, which is a testament to BAM Properties’ work positioning the property. This would also not have been possible without the assistance of our fellow landowner and partner, The City of Edinburgh Council.”
Nick Scott, managing partner of Brodies added, “Ensuring that we can continue to provide our clients with the environment, as well as the quality of service, that they have grown to expect from our firm is fundamental. Our investment in these new premises underpins that.”