DEVELOPERS have hailed a new office building in Freer Street in Edinburgh as it achieves “practical completion”.

Developed by Vastint Hospitality as part of its New Fountainbridge mixed-use development, it comprises 59,554 sq ft of Grade A office space over seven floors, said to be “providing a welcome boost to the city’s commercial property market”.

In addition to No2 Freer Street, phase 1 of New Fountainbridge includes the newly open 262-bedroom Moxy hotel with rooftop bar, other commercial and retail units plus extensive public realm. It is set within a masterplan of new pedestrian and road routes with landscaped green spaces which will re-connect Fountainbridge to the Union Canal.

Gijs Vermeulen, project manager at Vastint, said: “Reaching practical completion of this high quality building is an achievement that everyone involved can be extremely proud of. Building during a pandemic hasn’t come without its challenges but I am delighted to say that the hard work of the team has resulted in a first-class office building for Edinburgh.

“Our vision for the overall development is starting to come to life and there is a buzz to the area which will only grow as the plans progress and we add more elements to the site.”

HeraldScotland: The lobbyThe lobby

The building has a double height entrance, high quality finishes throughout and flexible floor plates which range from 2,000 sq ft to 9,500 sq ft. It offers 13 car park spaces and 46 cycle spaces (with the potential for more) and has shower/changing facilities with lockers. There is also a 3,500 sq ft roof terrace with views of Edinburgh Castle and the Firth of Forth.

Notable features include the Wi-Fi enabled multi-use reception, which has breakout spaces, meeting rooms and a café that will be run by an independent operator. Fit-out of this area is about to commence.

The scheme was designed by 3DReid with McLaughlin & Harvey as the main contractor and HD Property Consultants as project managers. Other consultants included Fairhurst (structural engineers) and RSP Consulting Engineers (M&E engineers). CuthbertWhite is the letting agent for the office space and jointly with Savills they also market the ground floor retail/leisure units. 

Chris Cuthbert, Director at CuthbertWhite, said: “The completion of this stunning and cutting-edge office building is another step forward in the transformation of the site and the Fountainbridge area.  It provides the perfect balance for occupiers looking for flexible and efficient office space in a central and easily accessible location with a focus on wellbeing.

“This offering is rare and I am certain that it will be considered as a strong option by a large pool of occupiers looking to relocate in or to Edinburgh. The efficiency of the floor plate design, coupled with the amazing ground floor informal breakout space, is a huge plus for forward thinking occupiers.”

Chris Jetten, development manager at Vastint, added: “It is a special location steeped in history. Located between the main business district, Union Canal and Bruntsfield and the Meadows, there are a host of amenities. It is surprising how well the different functions work on this site, the aim is for them to reinforce each other in order to create a vibrant destination for working, living and enjoying.”

Campaign for Scots entrepreneurs smashes crowdfunding target

 

HeraldScotland: Sandy Kennedy, left, and John Watson launching the campaign in MarchSandy Kennedy, left, and John Watson launching the campaign in March

A CROWDFUNDING campaign to help Scotland become “the most entrepreneurial society in the world” by 2030 has smashed its target.

READ MORE: Entrepreneurial Scotland has raised £140,000 from the drive, nearly twice the original £75,000 that it set out to achieve when it launched #FundTheFuture initiative in March.

Gillian MacLellan: Covid claims are waiting in the wings

 

HeraldScotland:

OPINION: Making workplaces Covid secure has been a key priority for workplaces that have remained open during the pandemic.

READ MORE: Once we know when Scottish office-based workers can return, similar considerations will apply.

Avondale looks to future after £10m deal

HeraldScotland: Adrian and Graeme HendryAdrian and Graeme Hendry

A SCOTTISH care home company has expanded its portfolio after securing a £10.2 million funding package.

READ MORE: Family-owned Avondale Care Scotland was supported in its acquisition of the Glenbervie residential care home in Falkirk with the loan from Barclays.

Sign up

 

You can now have the new enhanced Business Briefing with the top business news stories sent direct to your email inbox twice-daily, and Business Week for the weekly round-up on Sunday, by clicking below:

HeraldScotland: Herald Newsletter daily banner