A FORMER Royal Bank of Scotland building, which until December was home to around 2,000 members of staff, has been put up for sale.
NatWest Group, owner of Royal Bank, is seeking a buyer for the 243,000 square foot Drummond House in South Gyle after relocating staff to its Gogarburn headquarters nearby.
Drummond House is based in a regeneration zone, which commercial property agent Cushman & Wakefield notes is undergoing a transformation from office location to mixed use. Major development proposals have been tabled by Edinburgh Park, the Garden District, Crosswinds, and the International Business Gateway, the firm said.
Neil Miller of NatWest said: “Drummond House has been a very efficient and flexible asset for us, and I believe it offers a great opportunity for another business to reshape it to their specific needs, and to create a facility for tomorrow.”
Drummond House is currently home to two open-plan offices, with two independent receptions, a staff restaurant and kitchen, underground car park, landscaped recreational area and sport facilities. However, it is thought the building could be transformed into a new style of campus, which may include multi-let offices or co-working spaces. Cushman & Wakefield also flagged the potential for residential development.
James Thomson of marketing agents Cushman & Wakefield said: “A site of this scale at the heart of this rapidly evolving quarter is a fantastic opportunity for a creative development solution to offer cost effective space across a range of sectors, or to develop a new mixed-use proposal.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article