Former FP office let by Atisreal

DEALS

ATISREAL, acting on its own behalf, has completed a letting at Hanover buildings, 66 Rose Street, Edinburgh, to VF Services UK, a subsidiary of Kuoni Travel.

The travel company has taken the newly-refurbished office space on the first floor which was previously occupied by Fuller Pesier before its merger with Atisreal in 2006.

VF Services has taken 1,896 sq ft at £43,500 a year, with Atisreal assigning the two-year lease which expires in 2010. Tenants in the building are NHS Education for Scotland, the Financial Times and Telelogic.

Douglas Gardiner, Edinburgh office agency director at Atisreal, said: “Hanover Buildings occupies a central location within Edinburgh’s core business district and the building is now fully occupied which demonstrates that there is still demand for good quality, well-located space.”

CB Richard Ellis acted for VF Services.

TRUST TREASURE

THERE was no shortage of interest in the property at 15 and 15B Rubislaw Tarrace, Aberdeen, when it was put on the market by the National Trust for Scotland.

Ten offers were received by the closing date and it went for £925,000 to SCF Property which plans to renovate the place to provide new office space.

The 4,223 sq ft property is a traditional three story and basement granite building with a pitched and slated roof. The ground and upper floors are in residential use - but the self-contained lower ground floor is used as an office.

Katherine Monro, partner, Knight Frank, who represented the National Trust, said: “We’ve had a great response to this property which highlights that demand for West End office is still as strong as ever. There is a lack of available office accommodation in the west end and city centre, and this represented a rare opportunity to acquire a freehold property in such a sought after location. While there are several speculative out of town business parks under development the West End will always represent an attractive option for many businesses.”

Other occupiers in the property include Adam & Co, Carmichael and Partners and Scottish National Heritage.

ESTATES' NEW CITY SITE

CITY Site Estates is on the move in Glasgow – from 53 Bothwell Street to 145 St Vincent Street, where it has taken a second floor, 4,239 sq ft suite.

Ian Gladwinfield of City Site Estates said: “145 St Vincent Street has been another

successful development for us and the move for City Site Estates will allow us to further grow our business.”

Meanwhile, in an off-market deal the Health and Safety Executive (HSE) has let 10,000 sq ft on the first floor at 53 Bothwell Street being vacated by City Site Estates, on a 15-year lease. HSE is moving from its current Glasgow base at 375 West George Street.

Stephen McKenna, of joint letting agents DTZ, said: “The latest lettings to City Site and HSE are another example of off-market deals that are being agreed in the city as the shortage of suitable office accommodation continues.”

In a further deal at 145 St Vincent Street, the financial organistion, Think Money, has taken a fifth floor, 4,283 sq ft suite on a 10-year deal.

King Sturge advised Think Money while DTZ and GVA Grimley acted for City Site Estates.

NEW PRINTING TENANT

Three weeks after revealing that the third phase of its New Houstoun Business Park in Livingston was under offer, SCOT Sheridan has announced the letting of 10,000 sq ft of light industrial space in Phase 2 of the development.

Commercial printers OCE will move into its first Scottish production facility at New Houstoun later this summer on a 10-year lease.

SCOT Sheridan also revealed that it is in advanced negotiations about another unit on the site and that considerable interest is being shown in the remainder of the 35,000 sq ft development.

SCOT Sheridan director David MacLachlan says he is looking forward to making further announcements about New Houstoun in the coming weeks.

Other occupiers at New Houstoun Business Park include Cupa Natural Slate, HSS and Tile it All. A two-acre

City Site Estates' new Glasgow home

section of the 13 acre site was sold to Business Homes last year and will shortly be occupied. As announced earlier this month, SCOT Sheridan hopes to be on-site shortly to construct a bespoke industrial building for a facilities management company in Phase 3 of the New Houstoun development.

TAKING THE BISCUIT

THE biscuit crushing business, Mmmumms Limited ,has moved to M8 Interlink, Coatbridge.

On behalf of Royal London Mutual Insurance Society, c/o MWM Property Investment Consultants, Jones Lang LaSalle has let 13,000 sq ft to the biscuit crushing business, which has taken a warehouse on a five-year lease at £72,000 a year and will be re-locating from its current site at Chapelhall Industrial Estate, Airdire.

Finlay Hunter from JLL said: “This is a significant and prominent site which will allow Mmmumms to expand its operations fully at M8 Interlink. There is currently 17,000 sq ft of space remaining at the park, with units ranging from 5,000 to 12,000 sq ft at rentals of £5 per sq ft.”

EXPRESS ASSIGNMENT

ON behalf of Librance, Culverwell has assigned the existing lease over 93 Rose Street, Edinburgh to Baguette Express, which provides occupancy until November 2013 on the 1,058 sq ft of space. The passing rent is £35,500 a year with a final rent review due 28 November, 2008.

ELEMENTS SPARKLES

BEAVERBROOKS, the Jewellers, is the latest retailer to sign up to The Elements, the £130 million shopping centre under construction in Livingston - a 1,779 sq ft unit at an annual rent of £141,259.

Kenney Moore acted for Beaverbrooks and Lunson Mitchenall and Culverwell acted for Land Securities.