Guide supports the city-region’s ambitious drive to be carbon neutral by 2038 Greater Manchester Combined Authority has partnered with CBRE’s ESG Consultancy team to create a new commercial Occupier Retrofit Guide to support the city-region’s ambitious drive to be carbon neutral by 2038. The collaborative guide aims to help commercial
Commercial real estate firm CBRE is in talks to acquire leading asset management firm Sovereign Centros, according to reports. Sovereign Centros says it has 12.5 million sq ft of assets under its management, with an additional 4 million sq ft in the pipeline. Its current portfolio includes a number of
CBRE’s Liverpool Office Agency team has been instructed as sole letting agents by Wirral Borough Council to market 2 Grade A new build offices totalling 147,767 sq ft in Birkenhead. Currently on site, the scheme is earmarked for completion in Autumn 2023, the only new build offices completing in the
Leading flexible workspace prepares to launch its 4th Manchester flex space Orega, the flexible workspace provider, has completed a 10-year Management Agreement to create a high spec flexible workspace at 1 Balloon Street, Manchester. The new space will open in August 2022. The 26,000 sq. ft. flexible workspace has been
Work already underway for first major residential scheme of affordable homes in central Bletchley UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley,
New 68,374 sq ft distribution facility set to practically complete this month Harbert Management Corporation (Europe) LLC has announced that it has secured a pre-letting at Guinness Point, a brand new 68,374 sq ft industrial unit in Trafford Park. The new distribution facility will be practically completed this month. Sainsburys
CBRE Seeking Proposals For Unique Development Opportunity One of Sheffield City Centre’s most prominent development opportunities has been launched to market by CBRE’s UK Development Advisory team, acting on behalf of Sheffield City Council (SCC). The Barker’s Pool Building, a c.200,000 sq ft former department store, forms a significant element
CBRE Investment Management has completed a transaction to provide forward funding investment to RJR Securities for the development of a new 188-bedroom Maldron Hotel on Chapel Street in Manchester City Centre. Dalata Hotel Group plc, the largest hotel operator in Ireland with 45 hotels across the UK and Ireland, has
LEADING commercial property agency Innes England has announced an exciting expansion to its business following the appointment of highly experienced investment advisor Ben Robinson who is relocating from London. Ben has spent the past six years as a senior investment advisor at Matthews & Goodman where he was involved in
Knight Property Group has just completed the comprehensive £20 million redevelopment and refurbishment of 4-5 Lochside Avenue in Edinburgh Park. The 43,000 sq ft pavilion-style building achieved practical completion this week and sets the standard for sustainable office redevelopment in Edinburgh Park, offering open-plan Grade A office accommodation, ranging from
Guide supports the city-region’s ambitious drive to be carbon neutral by 2038 Greater Manchester Combined Authority has partnered with CBRE’s ESG Consultancy team to create a new commercial Occupier Retrofit Guide to support the city-region’s ambitious drive to be carbon neutral by 2038. The collaborative guide aims to help commercial occupiers understand the actions they can take to play their part in delivering the Greater Manchester’s carbon neutral ambitions and wider sustainability strategy. To achieve this target, Greater Manchester has taken steps to tackle emissions across multiple sectors, especially in buildings and transport, where emissions are the highest. The scale of mitigation activities is increasing year on year, however there is much more to do. Commercial buildings account for 6% of Greater Manchester’s total carbon footprint. Councillor Tom Ross, Greater Manchester Lead for Green City-region, said: “To achieve our ambitious environmental aims, we must not only build better, greener buildings, but must also improve the quality of our many existing buildings across the city-region. Local Authorities are already leading by example, with 240 public buildings having been fitted with energy efficiency measures and low carbon heating systems over the last four years. “But improving public sector buildings will only get us so far – we need to encourage commercial building owners and occupiers to do the same. This new guide will provide examples of good practice to help them do just that, all whilst supporting our wider sustainability strategy, which includes increasing the energy efficiency of fuel poor homes, installing more local renewable energy generation and improving public and active transport.” The purpose of the guide is not only intended to steer occupiers towards what to look for, but to help them understand the associated benefits linked with effective retrofit. It focuses on two areas including best practice certification, giving an overview of current market certifications and the benefits related with each; as well as guidance on landlord engagement and green leases, with advice on how to maximise the impact during the term of a contract, and energy provision and management. Part two of the guide expands on circular economy solutions, covering design principles for the future based on the dynamic of reduce, reuse and recycle. It helps to crystalise the direct benefits to organisations, such as direct cash impacts through lower energy bills and reduced operating costs; enhanced strategic and corporate alignment through ESG strategy compliance and ESG messaging to stakeholders; and ultimately improved wellbeing and talent retention through a healthier work environment, and better employee facilities. Lucinda Lay, Associate Director, ESG Consultancy, CBRE, said: “Greater Manchester has one of the most ambitious targets in relation to the climate emergency. By collaborating with the team on this project we can play an important role in helping them realise the city region’s ambitious plans to reach carbon neutrality by 2038, with the role of retrofit playing a significant part in its push. “Sustainability and real estate trends are accelerating. We have investor demands expanding, increasing sustainability and climate change regulation and we have tenant demands evolving. It’s all coming together to actually need greater consideration of ESG and sustainability in the built environment. That’s why guides such as this commissioned by the Council are crucial to get ahead of the climate curve.”
Commercial real estate firm CBRE is in talks to acquire leading asset management firm Sovereign Centros, according to reports. Sovereign Centros says it has 12.5 million sq ft of assets under its management, with an additional 4 million sq ft in the pipeline. Its current portfolio includes a number of shopping centre and retail park assets, including Gateshead’s Metrocentre, Merry Hill Shopping Centre in Dudley, and Basingstoke’s Festival Place. The firm also works with a number of global institutions, pension funds, and public bodies on various town centre projects with partners such as Blackstone, Morgan Stanley, Wells Fargo, and BNP Paribas. It also works with Tesco and Frasers Group. CBRE operates from over 500 offices in more than 100 countries, working across multiple facets of real estate, including investment, planning, design, and portfolio management. The firm was recently appointed as investment advisor for the Greater Manchester Property Venture Fund. Building, Design & Construction Magazine | The Choice of Industry Professionals
CBRE’s Liverpool Office Agency team has been instructed as sole letting agents by Wirral Borough Council to market 2 Grade A new build offices totalling 147,767 sq ft in Birkenhead. Currently on site, the scheme is earmarked for completion in Autumn 2023, the only new build offices completing in the Liverpool City region this year with some of the highest ESG and EPC credentials. The scheme, being developed through the Wirral Growth Company, a 50:50 partnership between Wirral Borough Council and Muse will deliver 2 Grade A, BREEAM Excellent office buildings extending to a total of 147,767 sq ft. Wirral Borough Council will be occupying 65,447 sq ft of Building One, leaving part ground and whole of the 1st floor available extending to 24,144 sq ft. Building Two, comprising 58,176 sq ft of office space is also available. The assets are being built to the highest specification and will provide column free floorplates from 12,500-19,400 sq ft and include VRF air conditioning, metal tiled suspended ceiling, LED lighting, full access raised floor, floor to ceiling glazed elevations, 2.8m floor to ceiling heights, feature reception, showers and cycle hub facilities and will also achieve an EPC ‘A’ rating. Neil Kirkham, Senior Director at CBRE commented “CBRE is delighted to market this truly high quality asset on behalf of Wirral Borough Council. The scheme will be the only new build office completing in the Liverpool City region this year and will provide the quality of product that is missing and in high demand in the market currently. “These are exciting times for Birkenhead, following developments at Wirral Waters, together with the numerous projects Wirral Borough Council is delivering within its Birkenhead 2040 vision including Dock Branch Park, Hind Street Urban Garden Village and further commercial district development such as a new ‘repositioned’ Birkenhead Market. “Not only will the new offices benefit from the highest quality finishes and amenities, they will also achieve some of the highest ESG credentials including BREEAM Excellent, EPC A, Well Gold and Wired Score Gold. From an occupier perspective, this development offers all the key attributes employers and employees are currently seeking, with high quality national retailers and F&B offerings in the adjacent Grange Shopping Precinct and Pyramids Shopping Centre, together with unrivalled transport connectivity, The adjacent bus terminus, Conway Park and Birkenhead Central train stations also provide a two stop service to Liverpool with direct access to the wider Borough and Chester, together with 3 multi-storey car parks within 200m. “Birkenhead has not seen a speculative office scheme in the town centre for 20 years and we are therefore fully anticipating these buildings are going to satisfy a lot of pent up demand for space in the market.” David Hughes, Director or Regeneration and Place for Wirral Council said: “This scheme represents an exciting opportunity for businesses looking for modern, sustainable, first-rate office space in the Liverpool City Region. “These buildings will make a positive contribution to the regeneration of Birkenhead, which is currently undergoing significant transformation through a range of other projects. This development is a testament to our commitment to delivering high-quality assets that meet the needs of businesses and the wider community. “I look forward to working closely with CBRE to bring these buildings to market and to welcoming new tenants to this vibrant and dynamic area of Wirral.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Leading flexible workspace prepares to launch its 4th Manchester flex space Orega, the flexible workspace provider, has completed a 10-year Management Agreement to create a high spec flexible workspace at 1 Balloon Street, Manchester. The new space will open in August 2022. The 26,000 sq. ft. flexible workspace has been newly refurbished and will provide over 450 workstations. The workspaces are designed to appeal to teams of all sizes – from 5 people to 100 plus – and are over three floors of the building, (ground, first and second). In addition, there will be substantial collaboration, meeting and event spaces. 1 Balloon Street is in the centre of Manchester, just minutes from Manchester Victoria station and the Arndale centre, the biggest shopping centre in the city. The workspace is designed to be a modern, flexible base for Manchester’s booming tech, finance and creative businesses, offering brand new: Design-led space that focuses on hospitality A wide choice of different working zones Outdoor space Large meeting room suite More space person than the industry norm On-site shower and changing facilities Unlimited barista-quality coffee Secure bike storage facilities It is the fourth flexible workspace that Orega has launched in Manchester. The company offers flex space from 18 locations across the UK and is the UK’s leading provider of flexible workspace under Management Agreements (as opposed to leases). Ben Hutchen, Real Estate Director at Orega, commented: “We have enhanced our exceptionally strong Manchester portfolio with Balloon Street, where our landlord partner has intelligently invested to provide a first-class example of how the future of work will look. At Orega, we offer our landlord partners and occupiers a solution that monetizes their space with a high-end office product and building amenity- whilst allowing them to retain control of their asset and brand. This is what our truly bespoke ground-breaking new partnership model is all about.” Jonathan Cook, Director at CBRE, who advised the landlord, said: “We are delighted to secure Orega at One Balloon Street. They will make a fantastic addition to the building, satisfying the continuing demand from corporates seeking high quality flex space.”
Work already underway for first major residential scheme of affordable homes in central Bletchley UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley, Milton Keynes. The four-acre scheme, named Bletchley View, will provide a mix of affordable and shared ownership properties, a combination of one and two bed flats as well as 12 three-bedroom houses. CBRE UK Affordable Housing Fund (AHF) invests in affordable housing with the aim to have a significant social impact across the United Kingdom. Bletchley View will cater to the growing demand for affordable homes in the area, especially from young people and families, seeking quality housing within commuting distance to employment opportunities. It will consist of two six and five-storey buildings, a row of townhouses as well as commercial spaces for the benefit of residents and the neighboring communities. Aligning with the sustainability ambitions of AHF and Godwin, air source heat pumps for hot water and a mechanical ventilated heat recovery system will be installed. The scheme is also located close to a train and bus station to help promote the use of public transport. Stuart Pratt, Founder and Director at Godwin Developments said: “With its proximity to Milton Keynes, the UK’s newest and fastest growing city, Bletchley has significant potential to become a modern thriving urban destination as outlined in the plans for its regeneration. “We are therefore thrilled to have partnered with CBRE IM in delivering the first major new residential scheme in the area which will ensure local and new residents have access to a range of quality affordable homes. This scheme aligns perfectly with our strategy for developing a range of residential opportunities across key growth locations nationwide.” Andrew Davey, Head of Liability Aware Strategies at CBRE Investment Management commented: “We are particularly proud of our partnership with Godwin as it demonstrates the commitment we have to providing affordable homes where they are needed most. Our business plan proactively manages the scheme by setting rent levels and shared ownership prices to meet the specific affordability requirements of the local population. “We look forward to working with all our partners on this development and are excited to be delivering affordable, sustainable homes to the community of Bletchley.” Part of the multi-million-pound redevelopment plans for the Buckinghamshire town, famous for its role in World War II code breaking, Bletchley View will also support ambitious local plans for delivering more homes, wider infrastructure upgrades and amenities to the area. Located adjacent to Bletchley station, with connections to London and across Oxfordshire and Cambridgeshire as a part of East West Rail, the scheme will be close to a range of existing amenities, with more to be delivered soon as a part of the metropolitan hub. When completed and fully occupied, it will sustain a diverse range of local shops, bars, cafes, restaurants, niche retail and SMEs which are expected to make Central Bletchley a destination in its own right. National business Winvic Construction has been appointed as the main contractor on the scheme with work on site already underway and expected to complete in Q2 2024. Godwin was advised by agents CBRE and lawyers Hamlins. Simply Planning were the planning consultant. Advisors to CBRE Investment Management were Penningtons and CS2. Godwin Developments has a fast-growing nationwide portfolio, including nearly 3,000 residential units nationwide some of which are set to begin construction in the second half of 2022. The business operates across the BTR sector covering both multifamily and single-family housing as well as affordable homes with a number of residential developments covering Nottingham, Doncaster, Cambridgeshire, Milton Keynes and Derby, and many more in the pipeline. The company’s commercial and industrial divisions work includes recent developments in Northamptonshire, Staffordshire, Dorset and Cambridgeshire, alongside a strong UK-wide pipeline.
New 68,374 sq ft distribution facility set to practically complete this month Harbert Management Corporation (Europe) LLC has announced that it has secured a pre-letting at Guinness Point, a brand new 68,374 sq ft industrial unit in Trafford Park. The new distribution facility will be practically completed this month. Sainsburys Supermarkets Ltd has signed a 15 year lease on the facility which will provide the retailer with a prominent, high-quality, new build development within the heart the North West’s prime industrial/logistics location. Having identified a lack of supply within Trafford Park and the wider Greater Manchester region, Harbert Management Corporation committed to speculatively develop the unit with strong occupational demand received immediately. Steve Capper, Director, CBRE’s Industrial & Logistics team, comments; “Given the lack of development within Trafford Park, coupled with the prominent location and specification of the unit, it is no surprise that an excellent company such as Sainsburys has committed to the property.” Howard Hill of Harbert Management Corporation (Europe) LLC further comments; “We are excited to welcome Sainsburys Supermarkets Ltd to the Trafford Park portfolio. It has been a pleasure to work in partnership with Sainsburys on the scheme and we look forward to seeing them operating from the unit very soon. We have seen record levels of take-up and rental growth across the Trafford Park holding and occupancy levels remain at an all-time high.” CBRE and B8RE acted for Harbert Management Corporation (Europe) LLC and Avison Young acted for Sainsburys Supermarkets Ltd.
CBRE Seeking Proposals For Unique Development Opportunity One of Sheffield City Centre’s most prominent development opportunities has been launched to market by CBRE’s UK Development Advisory team, acting on behalf of Sheffield City Council (SCC). The Barker’s Pool Building, a c.200,000 sq ft former department store, forms a significant element of the council’s £470M Heart of the City regeneration scheme and proposals are being sought by June 2022 for the redevelopment of the strategically located property. Originally opened in 1962 as a department store with integrated car park, the property freehold is now owned by SCC who acquired the lease from John Lewis in January 2022. Sitting across 1.25 acres, the five-storey building can be sustainably redeveloped or repurposed for a wide range of uses, subject to planning approval. Holding a prime position alongside the core central streets of Fargate, The Moor and Division Street, the building offers a pivotal location benefitting from nearby landmarks including Sheffield City’s Town Hall and the award-winning Peace Gardens, as well as many food, retail and entertainment destinations. The property is also at the heart of one of the UK’s largest urban regeneration schemes, the 1.5m sq ft Heart of the City which represents a multi-million pound investment into Sheffield City Centre and which will provide active cultural, leisure, retail, residential and office uses to three sides of the property. Since acquiring The Barker’s Pool Building in January 2022, SCC has been busy with securing the building and commissioning various surveys. Works to remove asbestos and strip out redundant plant and machinery are currently out to tender and will commence in the next few months, with anticipated completion in Spring 2023. CBRE is openly marketing the property in a two-stage process, seeking expressions of interest by the end of June, with the second stage starting at the end of the summer once initial expressions of interest have been assessed and discussed with bidders. SCC is seeking proposals that add to the vibrancy and attraction of the widest possible number of visitors and local people into the city centre. Proposals must be of very high quality to enhance what SCC is achieving across the rest of the Heart of the City project and wider city centre. Proposals will be judged on economic, social and environmental benefits rather than purely financial, but will need to be commercially deliverable. Alex Andrews, CBRE’s UK Development Advisory Team, commented: “The Barker’s Pool Building presents an exceptional opportunity for a developer to bring forward a creative solution for this prominent building, delivering a sustainable, environmentally friendly scheme, which in turn will capitalise on the growth and development already being delivered across Sheffield City Centre. The building’s location at the core of the Heart of the City scheme will ensure its long-term prominence and we are looking forward to receiving proposals and discussing with prospective developers”. Kate Martin, Executive Director at Sheffield City Council, said: “We know how important this property is to the people of Sheffield and this is a once-in-a-generation opportunity to reshape a key city centre location. The decision on how the property and location is reimagined and its future use will be carefully considered. “Although removing the existing building is an option, we are keen to ensure we examine all the options on the table, so we can make a fully informed decision. We plan to make the most of this rare opportunity and develop something truly special for Sheffield. “As part of this process, we are inviting imaginative and deliverable proposals for either refurbishment or redevelopment of the property and are open to ideas around its future use. We look forward to receiving submissions of outstanding quality that will genuinely add to the vibrancy of the city centre and attract the widest possible number of Sheffield residents and visitors to the city.” Building Design and Construction Magazine | The Home of Construction & Property News
CBRE Investment Management has completed a transaction to provide forward funding investment to RJR Securities for the development of a new 188-bedroom Maldron Hotel on Chapel Street in Manchester City Centre. Dalata Hotel Group plc, the largest hotel operator in Ireland with 45 hotels across the UK and Ireland, has agreed a 35-year lease on the new property to trade under the group’s Maldron Hotel brand. The land was sold by Telereal Trillium, with JLL acting for their team. CBRE acted as funding advisor for RJR Securities, with Gleeds as Development Manager and Squire Patten Boggs as their legal advisors. Avison Young represented CBRE Investment Management. McAleer & Rushe has been appointed as contractor to deliver the new Dalata Maldron Hotel, which will be situated in the Chapel Street/ Embankment Quarter. Currently used as a surface overspill car park by BT, the site will be regenerated into a 17-storey hotel with 188 bedrooms, coffee lounge, bar, restaurant and gym facilities. Richard Peskin, Chairman and majority shareholder of RJR Securities, commented: “I was associated with many interesting development projects during my career at GPE and this one, due to my personal involvement, has certainly been among the most exciting. Over two years ago we identified this site, being close to Manchester’s luxury and prime leisure core, as an ideal location for a hotel. Now, with the secure forward funding provided by CBRE Investment Management, we are able to fulfil our ambitions. My thanks go to them, along with the various teams who, in the most trying and complex of circumstances, demonstrated their commitment in getting us over the line with the land acquisition, planning, pre-letting and building contract for this top-class project, which will commence next month”. Shane Casserly, Corporate Development Director at Dalata Hotel Group plc, said; “We are delighted with the confirmation of the funding for our Maldron Hotel on Chapel Street in Manchester City Centre and look forward to construction commencing in the coming weeks. With Clayton Manchester City Centre just opened and a Maldron under development on Charles Street, Manchester is a market that we know well, and view our new hotel on Chapel Street as an ideal addition to our portfolio in the city.” Will Kennon, Executive Director for CBRE, said: “Despite the obvious challenges that the hospitality sector has faced due to Covid, we are witnessing a selected return of investor appetite for the sector, and this project attracted strong fund interest owing to the combination of; undoubted location, indexed lease to the strong financial covenant of Dalata and the first-class project delivery team.” Murray Burdis, Senior Strategy & Disposals Manager for Telereal Trillium, said: “We are delighted to conclude the sale of this surplus car parking site to RJR Securities and their development partners. This ambitious scheme will maximise the site’s potential and continue the regeneration of Chapel St and the wider Deansgate area with renowned hospitality provider Dalata and a new Maldron Hotel. We look forward to seeing the project commence in the coming weeks.” Peter Devlin, Contracts Director at McAleer & Rushe, comments: “We look forward to commencing construction next month and thank the teams at RJR Securities, CBRE Investment Management, Dalata Hotel Group, and all stakeholders involved for entrusting us with the safe delivery of the scheme. This is a credit to our team’s renowned expertise and reliability in delivering quality turnkey hotel developments and adds to our growing portfolio across major cities in the UK.”
LEADING commercial property agency Innes England has announced an exciting expansion to its business following the appointment of highly experienced investment advisor Ben Robinson who is relocating from London. Ben has spent the past six years as a senior investment advisor at Matthews & Goodman where he was involved in over £250m of real estate transactions across the office, industrial and alternatives sectors. Prior to this he spent time at CBRE undertaking international real estate transactions, and eight years at Mapeley where he was an asset manager overseeing a £600 million UK fund. Returning to his hometown of Nottingham after 15 years with some of the capital’s top firms, Ben is looking to bring his wealth of experience and client contacts to the East Midlands and will be heading up a new investment department with Innes England. Ben, a Nottingham Trent University alumnus, said: “I’m delighted to be moving back to the city I grew up in and where I studied for my MA. “Innes England is one of the biggest consultancy firms in the region so it was an easy choice. I’m very excited to be joining the team and look forward to adding to its already impressive reputation in the market as the go-to agent in the East Midlands. “I intend to utilise the wealth of experience I have gained during my time in London to provide a high quality and joined-up investment service across the East Midlands through Innes England’s Nottingham, Derby and Leicester offices. I’m looking forward to helping clients navigate and prosper from the trends that have been accelerated by the pandemic, which continue to play out across the ‘sheds, beds and meds’ sectors. I’m looking forward to working with managing director Matt Hannah as well as the rest of the team to provide a full cycle service to existing clients and new investors to the region”. Following successful recognition for its investment services, including at the EG Awards in 2020 where it scooped ‘Most Active Agent 2019 for Investment’, the firm is looking to solidify its achievement with a dedicated department. Matthew Hannah, managing director at Innes England, said: “We are building on our activity in the investment market to launch a dedicated new department. Having Ben on board to head this up will be invaluable to its growth and success. “Ben has an impressive resume of experience working with some of London’s top firms, including major accounts, so I have no doubt he will be a tremendous asset to the team. I’m excited to see where he takes the new department and look forward to working alongside him. “With the firm’s market knowledge on rental levels, tenant demand, and data from our Market Insite reviews we are in a strong position to bolster our investment services with Ben as a dedicated source. Together with our building surveying and asset management teams we can now offer pre-acquisition advice on properties and service charges with agency input to ensure the asset performs to its maximum potential.” Find out more at http://www.innes-england.com or join the conversation at @InnesEngland.
Knight Property Group has just completed the comprehensive £20 million redevelopment and refurbishment of 4-5 Lochside Avenue in Edinburgh Park. The 43,000 sq ft pavilion-style building achieved practical completion this week and sets the standard for sustainable office redevelopment in Edinburgh Park, offering open-plan Grade A office accommodation, ranging from 14,000 to 43,000 sq ft, configured over three floors. Knight took the decision to comprehensively remodel, redevelop and refurbish the building rather than demolish it, thus supporting a ‘RetroFirst’ approach to provide fossil fuel free, zero direct emissions office accommodation, aligned to Net Zero targets and Scottish Government ‘New Build Heat Standards’. It has also achieved UK Green Building Council 2025-2030 interim targets for operational energy use. The building is the only all electric newly completed development in Edinburgh at present and features a host of sustainability and well-being enhancements, including EPC ‘B+’ rating, all electric air-conditioning delivered via air source head pump technology, 100% ventilated fresh air delivered to the working environment, solar PV panels mounted on the roof, electric car charging points and intelligent LED lighting on all floors. With workforce health and wellness firmly in mind, it has achieved best practice in terms of ‘Wellness’, offering a safe and secure, Covid-friendly, green and sustainable environment that also features 60 bike spaces with maintenance facilities. James Barrack, Founder and Chairman of Knight Property Group said: “Our original vision was to redevelop the building to an extremely high standard, offering occupiers a contemporary and modern working environment, but crucially all set within a highly sustainable and net carbon neutral office. “We are totally committed to take action on climate change and sustainability and this is embedded in the core culture of our business and at the heart of all our developments. “4-5 Lochside Avenue is one of the strongest buildings in Edinburgh Park and achieving completion and delivering it during the pandemic is a significant milestone and we are very proud of the sustainable standards it has achieved.” Cameron Stott, Director of JLL added: “Sustainability and wellness are quite rightly now pre-requisite requirements for occupiers and Knight really grasped and embraced this agenda throughout the development of 4-5 Lochside Avenue. “It is now one of the strongest and most sustainable properties in Edinburgh Park and we anticipate strong occupier demand for the space.” Angela Lowe, Senior Director of CBRE agrees: “We anticipate that 4-5 Lochside Avenue will be an attractive prospect for many occupiers due to the high specification, strong environmental credentials and excellent connectivity. “With immediate access to ‘The Lawn’, an attractive landscaped space and plentiful fresh air, there is ample opportunity for staff to prioritise their health and well-being.” 4-5 Lochside Avenue was originally purchased in January 2020 from LaSalle Investment Management and sits on a three-acre site in the heart of Edinburgh Park. It offers excellent access to various means of public transport, with multiple bus routes and Edinburgh Park Central tram stop being less than three minutes walk away, linking to the city centre and Edinburgh International Airport. With 11 dedicated electric car charging points and 234 dedicated car parking spaces, it provides excellent connectivity, with immediate access to the City bypass (A720), which in turn connects with Scotland’s motorway network. Edinburgh Park is home to 7,000 employees with surrounding occupiers including JP Morgan, Regus, HSBC and Royal Bank of Scotland. Edinburgh Park benefits from good local amenities, including the Gyle Shopping Centre and Hermiston Gait Retail Park. JLL and CBRE are letting agents for Knight Property Group at 4-5 Lochside Avenue. Further information on can be found at: https://knightpropertygroup.co.uk/development/4-5-lochside-avenue/ The main contractor on this project was Clark Contracts and the architect was Space Solutions. M&E design was provided by Troup Bywaters & Anders, QS and contract administrator services were provided by Axiom and the structural engineer was Christie Gillespie.
