Exceptional Development Opportunity in Scotland’s Capital Released for Sale
8th March 2018 – Edinburgh – A four-acre site in the heart of Edinburgh’s city centre business district has been released for sale sparking wide-spread interest from investors seeking to capitalise on Edinburgh’s buoyant commercial real estate market.
The Haymarket is considered to be one of the most exciting development opportunities in the UK with demand for grade A office space in the Capital at its highest for over 15 years. Demand from hotel operators seeking representation in the city is equally high.
Once complete, tHe Haymarket will become a landmark development in the heart of the City’s established commercial district that is home to the UK’s second financial centre and could accommodate over 6,000 employees.
With planning consent for a mixed-use, office, hotel and leisure development extending to over 650,000 ft2, the Haymarket is well positioned to capitalise on the critical shortage of Grade A office accommodation in the city. The site’s location adjacent to the Haymarket transportation hub with the City’s mainline train station, principal bus routes and trams connecting the Capital to Edinburgh International Airport in under 20 minutes, will also be a benefit to businesses.
The site is being sold by Edinburgh Haymarket Developments Limited, a joint venture between Interserve and Tiger Developments, and is being handled by joint selling agents, JLL and Dougray Smith
Edinburgh is ranked as one of the top global cities for investment according to JLL’s Investment Intensity Index 2017. The index, which compares the volume of direct real estate investment in 150 cities, places Edinburgh 4th in the world. As well as being a measure of how Edinburgh’s real estate market is performing, according to Cameron Stott from JLL, it is also a very useful barometer of the Capital’s overall ‘health’.
Cameron Stott of JLL said: “Edinburgh’s ability to punch above its weight in terms of attracting investment is undisputed. As a mature and transparent market with low levels of development, Edinburgh is highly liquid which allows investors to have some certainty around exiting, a key concern when pioneering into new markets.”
Chris Dougray of Dougray Smith agreed: “There is no doubt that this sale will result in significant investor interest as sales of development opportunities of this calibre and scale in Edinburgh are rare. The interest will only be reinforced by the fact that the Capital is enjoying unprecedented demand across multiple sectors.”
For further information or to arrange an accompanied inspection, please contact Cameron Stott on +44 (0)131 301 6715 or Chris Dougray on +44 (0)7808 479 215