| scottish news ELECTRIC SHEPHERD
carbon footprint with the introduction of a new fleet of electric vehicles. Six all-electric BMW i3s, the world’s
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first mass production model to be designed for sustainability at every stage, have been added to the firm’s fleet to help reduce its carbon footprint and give its employees a tax efficient sustainable alternative. And with over 150 surveyors working
within the firm throughout Scotland from a fleet of around 140 cars covering three million miles annually, the cost savings in tax and fuel should be substantial. George
Brewster, senior partner at Shepherd, said, “Despite driving being a necessary and substantial feature of the surveyors’ day to
hepherd Chartered Surveyors has accelerated its efforts to reduce its
day business activity, as a company we are keen to ensure we acknowledge our environmental obligations and travel in the most environmentally-friendly way possible. “The BMWi3 enables us to lower our
carbon footprint and annual fuel bill. Sustainability is important to our business and going electric will help us to save overheads – and the environment!”
EXCHANGE PLACE 1
Edinburgh’s financial hub, has been sold for £47m to a German investment fund. Exchange Place 1 has been bought by
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GLL Real Estate Partners Pan European Property Fund for £47 million with GVA James Barr acting for GLL. The sale, together with the sale of
Exchange Place 2 and 3 earlier this year, brings the combined total for the flagship city centre office campus to £83m. The sale of Exchange Place 1 reflects
a NIY yield of 5.57%, making it the biggest Scottish commercial property sale of 2017 so far. Brought to the market by Aberdeen
Asset Management early last year, JLL and Cushman and Wakefield acted jointly on the lettings and the sale of Exchange Place 1. The building is fully let to tenants including BlackRock, Hymans Robertson, Cameron Hume, Cundall Johnston and Evans Cycles. Completed in 2009, Exchange Place
(L to R) Humza Yousaf Minister for Transport and the Islands and George Brewster senior partner Shepherd Chartered Surveyors
SALTIRE HOUSE O
n behalf of landlord C. & W. Assets Ltd, joint agents Ryden and Graham
& Sibbald have signed up leading actuaries and actuarial consultants, Punter Southall for the 4,989 sq.ft ground floor office suite at Saltire House at Whitefriars Business Park in Perth. Punter Southall joins Enterprise
North East Trust (ENET) at the two- storey, modern, open plan office building which is now 75% let. Following this deal, only one suite
extending to 2,485 sq.ft remains available at Saltire House. Iain Taylor, associate at Ryden, said:
“This is one of the larger office lettings in Perth in recent years and our client is delighted that we have signed up a tenant of the calibre of Punter Southall.” CBRE advised Punter Southall.
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comprises three separate Grade A multi- let office buildings, totalling close to 215,000 sq ft in the heart of the Exchange District, Edinburgh’s thriving financial and commercial hub.
CREATIVE REGIONS
eading property consultant CBRE has today published ‘Creative Regions’, a
first of its kind report, showcasing the top 25 regional creative locations in the UK, outside of London. These locations are identified as having
the key ingredients required by this sector to progress and develop as future destinations for the creative industries (including publishing, film, TV, media, digital, computer programming and information services). Common characteristics of successful creative locations include large concentrations of creative businesses and professionals, deep talent pools of highly educated graduate populations, large and growing millennial populations, good transport connections, quality of life and proximity to world class universities with strong research and computer science ratings. Scotland, home to many of the UK’s
leading video gaming companies, is notably well represented in the top 25. Edinburgh and Glasgow feature very highly, in third and fifth position respectively. Both cities score highly for concentrations of creative businesses, creative professionals and millennial populations. They also benefit from highly educated populations, proximity to world class universities with
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strong research and computer degree rankings. In particular, access to graduates from the University of Edinburgh’s School of Informatics is a big draw for tech companies who want to ensure they are close to the best recruitment pools. Edinburgh has stood out as a city
experiencing rapid growth in the creative industries. In 2016 it beat London, Cambridge and Manchester to the title of Entrepreneurial City of the Year which was judged on attributes including its quality of life, access to capital and talent, entrepreneurial culture and access to support networks. Its home-grown businesses are now attracting global attention, notably the acquisition of Skyscanner. Stewart Taylor, senior director in
CBRE’s Edinburgh office, said: “The tech phenomena looks set to continue in Scotland as the technology and creative industries in general are not affected by regulatory restrictions or fears over single market access. “Contrary to common perception, large
numbers of these companies are choosing to base themselves outside of London in some of the UK’s core regional cities where they can stand out from the crowd in order to gain higher profile and attract skilled employees.”
COMMERCIAL PROPERTY MONTHLY 2017
xchange Place 1, part of a trio of Grade A city centre offices in
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