Eversheds letting at Capital Square in Edinburgh leaves only 9,241 sq ft unlet
Edinburgh, 27 February 2023 - Law firm Eversheds LLP is taking almost 6,000 sq ft of space on the ground floor of BAM Properties’ and Federated Hermes’s Capital Square development in Edinburgh.
Eversheds becomes the sixth occupier to commit to the building following law firms Anderson Strathern, Pinsent Mason and Brodies, audit and tax advisers Mazars, and civil engineers Stantec. Only one suite remains of 9,241 sq ft on the 2nd floor and the development is 95% let.
Capital Square, which last year was awarded the Best Commercial Workplace in Scotland in 2022 by the British Council for Offices, is also delivering awards for its tenants with Brodies obtaining a WELL Platinum standard (the first in Scotland) for their fit-out and Pinsent Mason achieving a WELL Gold standard.
Mark Broderick from BAM Properties commented: ‘The awards that Capital Square is generating, and the quality of the occupiers it has attracted to make it their home, sends a clear signal that only highly sustainable new buildings will continue to attract the best businesses in their fields. The lure of green credentials, wellness facilities, and our central location in the sought-after Exchange District, provides this development with an unrivalled offering.’
Capital Square is one of Scotland’s most sustainable office buildings, designed to BREEAM Excellent and EPC ‘A’. It is equipped with intelligent LED lighting systems, electric car charging points and solar panels, and secured an International Green Apple Environmental Award 2022 for work towards biodiversity including the provision of bee hives, bird nesting boxes and wild flower planting in the building’s private gardens.
Christina Holland from Federated Hermes commented: ‘Capital Square is pleased to welcome Eversheds as its newest tenant, bringing the development to 95% occupancy. Capital Square has prioritised sustainability through the use of modern technologies and design concepts, resulting in a BREAM excellence rating. Eversheds joins five other professional occupants, highlighting the appeal of the high-quality facilities and environmentally conscious approach.’
Letting agents Jones Lang LaSalle (JLL) and CBRE acted for the landlords and Cushman & Wakefield acted for the tenant.
Craig Watson, Director at JLL commented: ‘This latest deal to Eversheds at Capital Square reflects the continued flight to quality we are seeing in Edinburgh. Occupiers are increasingly demanding buildings which are not only sustainable but provide a high level of service for employees and visitors. Capital Square continues to set a new standard for building amenity and user experience which is evident in the recent letting activity.’
About BAM Properties
BAM Properties is the development business for BAM in the UK and Ireland. It focuses on prime real estate developments in commercial, retail and leisure and residential sectors. Since its launch in 1989, it has delivered over three and a half million square feet of high-quality, highly sustainable, award-winning accommodation. BAM Properties manages the whole development process – end to end – identifying and assembling sites, developing the building design and securing planning permission, through to financing, construction delivery, letting and sales. We are highly experienced in shaping sophisticated developments through the funding, legal, design and construction stages. BAM’s development offer is supported by an integrated ability to design, build and manage all the facilities, and offer specialist energy management consultancy providing for all the real estate needs of any occupier across and beyond a building’s lifecycle. Tenants of BAM’s buildings include HMRC, Atkins, Nike, Armani, Grant Thornton, Deloitte, Pinsent Masons, ACCA, NFU, and Sky among others. BAM Properties’ developments include the Latitude buildings in Leeds, London’s Chiswick Green and Ealing Gateway, The Shield in Newcastle plus Atlantic Square, Clarion and 110 Queen Street in Glasgow and Capital Square in Edinburgh.
About Federated Hermes
Federated Hermes, Inc. is a leading global investment manager with $668.9 billion of assets under management as of Dec, 31, 2022. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes’ nearly 2,000 employees include those in London, New York, Boston and offices worldwide. www.hermes-investment.com
Further information: Mark Slattery, Press and Media Manager, BAM Construct UK Ltd, mslattery@bam.com.