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Waverley Gate Office Building in Edinburgh For Sale

Waverley Gate Office Building in Edinburgh For Sale

The 217,000 sq ft office building “Waverley Gate”, located in Edinburgh City Centre, has entered the market and is expected to sell for around £30m.

The building, which was the old general post office, underwent refurbishment in 2005 but will be put up for sale following the collapse of Castlemore which went into administration in February 2009.

It is understood that the building currently has leasing interests from retailer H&M and Creative Scotland ΓÇô potentially taking over 35,000 sq ft of office space should their interest come to fruition. Should this series of deals move forward they would add to the 40,000 sq ft taken by the NHS last month.

The Waverley Gate office building had previously set the record for office space rent in Edinburgh City Centre Edinburgh in 2008 when Microsoft leased 13,000 sq ft at a rate £31 sq ft.

Author: | March 29, 2010 | 0 Comments

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