The flagging office market in the west of Edinburgh has been boosted by news that Business Stream is to relocate to Edinburgh Park's flagship building, 7 Lochside View.
New Edinburgh Limited (NEL), Edinburgh Park's developer, has struck a 10-year deal with Business Stream to let the 20,692 sq ft first floor at 7 Lochside View at a reported rental of £18.50 per sq ft. Pamela Grant, development director at NEL, said: "This is an important deal for Edinburgh Park and we are pleased to welcome such a high profile tenant to 7 Lochside View."
 

Cameron Stott, director at Jones Lang LaSalle, who acted for NEL said: "Securing Business Stream is a significant coup for both Edinburgh Park and the west Edinburgh office market as a whole, particularly in the current climate. West Edinburgh continues to be a popular location for businesses looking to relocate, benefitting from comparatively lower rates to offices in the city centre."
 

Business Stream, Scotland's largest supplier of non-domestic water and wastewater services, joins current occupier, JP Morgan, which moved into 7 Lochside View in 2008. Jones Lang LaSalle and GVA Grimley are joint agents for NEL.
 

Back story:
New Edinburgh Limited (NEL) has been developing Edinburgh Park since 1990 and is a joint venture between The Miller Group, the UK's largest privately owned Housebuilding, Property Development and Construction business, and CEC Holdings Ltd, part of The City of Edinburgh Council.
The Park has established itself as one of the top business parks in the UK and has a development programme spanning a further 10 to 15 years.
Over the last year ore more, peripheral developments in West Edinburgh have struggled to find occupiers.
 

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