KNIGHT Property Group has completed the acquisition of Atholl Exchange in the heart of Edinburgh’s Exchange District.
Located on Canning Street, Atholl Exchange is a steel-framed corner office building arranged over basement, ground and four upper floors, extending to a total of 9,934 sq ft.
The all-electric building features open plan office floorplates, a full-height atrium which provides natural light throughout the reception area, alongside a range of occupier amenities including LED lighting, lift access, bike storage, secure entry systems and dedicated car parking.
Knight Property Group revealed it will now undertake a comprehensive refurbishment and repositioning programme, aimed at enhancing the quality and occupier experience within the building. Planned works include the full refurbishment of the vacant floors, upgrades to the atrium, common parts and improvements to the external frontage.
James Barrack Jnr, director of Knight Property Group, said, “We are pleased to have completed the acquisition of the building and are excited about the opportunity to reposition it within the Edinburgh office market. Our plans include a comprehensive programme of refurbishment and upgrading works designed to enhance the quality, efficiency and overall occupier experience within the property.
“There continues to be strong demand for well-located, high-quality office accommodation in the sector under 5,000 sq ft in Edinburgh, particularly space that meets modern expectations around sustainability, flexibility and staff well-being. We look forward to delivering a refreshed building that will appeal to a broad range of occupiers while securing the long-term future of the asset.”
Angela Lowe, director of CBRE, added, “There remains strong occupier demand in Edinburgh for high-quality office accommodation that combines a central location with modern specification and strong sustainability credentials. The proposed upgrades will significantly enhance the space and create an attractive offering for a wide range of businesses seeking premium office accommodation in the city. We expect the refurbished floor to generate strong interest from occupiers looking for high-quality, ready-to-occupy space in a competitive market.”
The building is currently occupied by a range of businesses including EYCO, Westerwood Development Company and Land Use Consultants (LUC). The first and second floors are currently available to let.
