Landmark offices to be revamped and put on sale – Daily Business

Exchange Tower reimagined

One of Edinburgh’s modern office buildings has been brought to market ahead of a major refurbishment that will ease the shortage of Grade A workspace in the city.

The 60,000 sq ft Aspect building, formerly known as Exchange Tower, will undergo redevelopment this month by architect dMFK, with completion expected by the end of next year.

Owned by Cervidae, there is 26,307 sq ft of available office accommodation towring over the historic Atholl Crescent.

Plans include enlarged dual entrances from Canning Street and Torphichen Street, landscaped courtyard gardens, a striking new steel-clad stair tower and refurbished communal areas throughout. Wellness facilities and secure cycle storage will further enhance the experience for occupiers.

At the heart of the amenity offering will be The Canopy, a sixth-floor rooftop terrace and pavilion available to all occupiers. With 1,292 sq ft of outdoor space and panoramic views across Edinburgh, it will provide a setting for informal meetings, events and time away from the desk.

Maurice Roberts, senior investment and asset manager, at Cervidae, said: “The Aspect Building presents an opportunity to give a prominent Edinburgh landmark a new future and bring something distinctive to the city’s office market.

“Our plans go beyond upgrading the office space. We want to create a building that businesses are proud to call home and that people enjoy working in, with welcoming arrival spaces, landscaped gardens and a rooftop terrace that makes the most of its exceptional views.”

Angela Lowe, head of office leasing for Scotland at CBRE, said: “The Aspect Building will bring a compelling new option to Edinburgh’s office market. Businesses are looking closely at what their workplace offers, from the quality and sustainability of the space to its ability to bring teams together and help attract and retain talent.

“This redevelopment responds directly to those priorities. The combination of Grade A accommodation, shared rooftop amenities and excellent connectivity will give occupiers a strong reason to consider the building as their next home.

“Its launch is an opportunity for businesses to look ahead and secure space within what promises to be a distinctive addition to the West End office market.”

Craig Watson, director at JLL, said: “The rooftop terrace and pavilion will be a real point of difference for The Aspect Building, giving every occupier access to outdoor space with outstanding views across the city.

“Alongside the landscaped gardens, wellness facilities and upgraded communal areas, it will offer businesses much more from their working day. With Haymarket and the West End’s restaurants, cafés and hotels close by, The Aspect Building is set to combine the advantages of a central location with an impressive range of amenities.”

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