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| scotland


132 PRINCES STREET LAUNCHES W A


four storey building on Edinburgh’s most popular retail street has recently been transformed into modern cutting edge offices with exposed finishes and services that will appeal to a wide variety of occupiers. 132 Princes Street offers prospective tenants a ‘de-furbished’ office look including exposed services, brick, concrete and steel offering a breath of fresh air from traditional office stock in the capital.


Spanning over the three upper floors, the 11,147 sq.ft development is located on one of Scotland’s most iconic shopping streets with spectacular views over Edinburgh Castle from every level. The location offers occupiers an abundance of restaurants, coffee shops, bars and retail / leisure amenity together with superb transport infrastructure on its doorstep. Owners Hazledene House Ltd have undertaken a substantial transformation of the Category B Listed building which has seen the addition of new feature stairwell, lift and glass box extension to the rear. They have breathed new life into the building stripping it back and reinventing it as modern offices. Considerable effort has been put into exposing and retaining some of the character of its former uses which includes HMV record shop, a theatre, cinema and tea room. This provides a unique character and appeal to the property. JLL Scotland who are promoting the property expect the space to generate a great deal of interest from prospective occupiers. Geoff Scott, Associate Director at JLL, said: “In line with


Edinburgh’s emergence as one of the fastest growing tech hubs outside of London, 132 Princes Street offers a de-furbished finish to meet modern demand for engaging, thought provoking places to work.


SENIOR APPOINTMENT


roperty consultancy firm, Lambert Smith Hampton (LSH), has made a new senior appointment within its Edinburgh office. Director, Ann Kay, has been promoted


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to head of lease advisory and will head up the division across Scotland overseeing rent reviews, lease renewals and re-gears representing both tenants and landlords. Ann has over 20-years experience in


the commercial property market and previously worked at BNP Paribas and Rapleys.


She will be supported by recently qualified Chartered Surveyor, Kirsty Henderson who will now join the company’s lease advisory division and LSH’s Scottish valuation team. LSH’s Head of Edinburgh Office, Ian


Davidson commented: “We are looking to significantly grow the Edinburgh office over the next 12 months and attract the very best talent to our business. “Ann has a vast amount of experience in lease advisory, having worked with a number of high-profile clients including Boots, Wolseley and Nationwide, and will be the perfect person to grow our already substantial client base and our team of lease advisory specialists.”


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ames Gibb Residential Factors has appointed Euan Haggerty to its Board as Finance and Acquisitions Director as the firm looks to expand its foothold in the Edinburgh, Glasgow and Aberdeen markets. Chartered Accountant and associate member of the Association of Corporate Treasurers, Euan comes with a wealth of experience having previously held the role of Finance Director at Miller Developments, a commercial property development business, and worked within corporate and operational finance roles at The Royal Bank of Scotland. Douglas Weir, Chief Executive of James Gibb and Director of James Gibb’s parent Company, Strathspey Capital, said: "Euan is a fantastic addition to our board and I am delighted to welcome him to the team. He brings significant experience in terms of operational finance and will play a key role as we continue to seek merger and acquisition opportunities. I look forward to working together as we grow the business and continue to provide a first class service to customers.” “This is an exciting time for our industry where consolidation of existing factoring businesses will lead to improved resources and enhanced technological ability.”


J 75 NEW AFFORDABLE HOMES


ork has begun on 75 much needed new affordable homes at Greendykes in Craigmillar. This follows yesterday’s budget meeting of the City of Edinburgh Council where councillors agreed to a £700m capital investment plan over the next five years to build new homes on sites across the city as well as modernising existing Council homes. Greendykes is expected to be fully complete by spring 2019


adding to the over 250 affordable homes already being built as part of the wider regeneration of the area. In addition, the Council will begin construction of 194 homes, in the Spring, in a separate development in Craigmillar off Niddrie Mains Road. Cllr Gavin Barrie, Housing and Economy Convener said:


“Yesterday’s budget approval reinforced our commitment to our ambitious house building programme to deliver 20,000 new affordable and low-cost homes over the next 10 years along with our housing association partners, making this one of the largest council-led housebuilding programmes in the UK. “The project is an important part of the ongoing regeneration of the wider Craigmillar area and represents over £9m of investment. The new homes will be a mix of one, two and three bedroom flats, which will be available for mid-market and social rent from autumn 2018.” Glasgow-based CCG (Scotland) Ltd is leading the build and


have recently successfully completed a 94-home affordable housing project at Leith Fort, which was delivered for the Council and Port of Leith Housing Association. Since the end of last year site preparations have been taking


place and work has commenced on laying the foundations and connections to the existing utility network with the first homes set to be begin construction in March 2018. The Scottish Government has also contributed £1m of Scottish Government grant funding.


NEW ACQUISITIONS DIRECTOR


CONTRACT AWARD FOR ALMONDVALE WEST RETAIL PARK


refurbishment works at Almondvale West Retail Park in Livingston. The project is for the reconfiguration and alteration of Unit 1A, over-cladding existing facades of Units 2-5, internal subdivision of Unit 3 and associated external works, within the live retail park. Works include: • demolition/strip-out • structural alterations and repairs • brickwork walls • structural steelwork • metal cladding including feature anodised cladding


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• shop fronts including signage, door systems and curtain walling systems


• decoration • external works including drainage and hard landscaping The project team includes MacKinnon


& Co as Contract Administrator, Doig + Smith as Principal Designer & Quantity Surveyor, 3DReid as Architect, Stuart McTaggart as Structural Engineer and blyth + blyth as Building Services Engineers.


COMMERCIAL PROPERTY MONTHLY 2018


axi Construction has been awarded a £3.5m contract for alteration and


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