BAM Properties in partnership with Hermes Investment Management, the £30.1 billion manager, has announced that it is set to develop what is currently Edinburgh’s largest speculative office development.
Upon completion, Capital Square will be a premier 122,000 sq ft, eight-floor purpose-built office development designed to a high specification and featuring an underground car park. Centrally located in the city’s Exchange business district, between Morrison Street and Lothian Road, the scheme is in close proximity to Haymarket Station and other transport links, as well as a large variety of local amenities.
BAM Construction has been appointed to build this prime development, which will accommodate up to 1,400 people, with work due to commence on site this month and the development expected to be ready for occupancy in early 2020. Hermes Investment Management, in association with Parlison Properties Ltd, secured planning approval for the development in 2015 and Parlison Properties will continue as development consultant to the project.