A landmark Edinburgh office building is now fully occupied after being given a stripped back new look to attract tech firms.
Brand protection consultancy arc-net has taken 1,300 sq ft at 2 Lochrin Square in Fountainbridge in a deal brokered by joint agents Knight Frank and JLL.
Software company Perivan Technology has expanded its presence there by relocating to a larger suite of 1,800 sq. ft, completing the occupancy of 1 and 2 Lochrin Square.
In march 2017, UBS Asset Management relaunched 1 Lochrin Square with an extensive “defurbishment”. Its new stripped-back attic-style was designd to appeal to Edinburgh’s growing tech community. Less than 12 months ago, 2 Lochrin Square had a similar revamp.
Simon Capaldi, office agency partner at Knight Frank , said: “2 Lochrin Square has filled up quickly on the back of the work conducted on the building. The entire Lochrin Square scheme has proved very popular with tenants – particularly tech occupiers – which is testament to the success of the investment that has gone into the buildings over the past few years.
“Lochrin Square has been pivotal to the dramatic changes Fountainbridge has undergone. There is a real buzz about the area, with a vast improvement in levels of activity. Local shops and restaurants are seeing the benefits of increased footfall from new tenants and growing businesses nearby, as well as the higher volume of students.
“There are a good number of schemes underway and in the pipeline, which will enhance Fountainbridge’s status as a tech corridor.”
Craig Watson, office agency director at JLL , added: “There is a real focus for tenants on fully refurbished office suites due to the lack of choice and shortage of stock across central Edinburgh. Fully refurbished options are now proven to let quickest in our market so there are significant opportunities and shorter voids for landlords who speculate and invest in their office buildings.”