Shelborn Asset Management, acting on behalf of Shelborn (Edinburgh) Limited has exchanged contracts to acquire Drummond House and The Younger Building, Edinburgh from NatWest Group. This agreement also enables the NHS vaccination centre at Younger Building to extend their occupation until October.
The Freehold interest comprises a site of 18 Acres with 332,256 sq. ft of office space along with extensive parking provision, and further development opportunities. Drummond House and The Younger Building are situated in the heart of West Edinburgh’s growing mixed use quarter with outstanding connectivity to Edinburgh Airport and the city centre via Tram, Trains and Bus. Both buildings, which will be acquired with vacant possession, offer active asset management opportunities to redevelop and market the space offering flexibility and affordable high-quality accommodation.
Drummond House and The Younger Building have the potential to provide high specification accommodation in a mature landscaped setting with good connectivity and excellent parking provision in excess of a ratio of 1:300.
Brian Rabinowitz, Director at Shelborn “Drummond and Younger are an outstanding opportunity with huge potential. The supply line within the Edinburgh conurbation is low and the demand for space is growing. We believe that current market conditions will provide for strong occupier demand and great letting potential.”
Shelborn was represented by Ryden’s Edinburgh Office, the NatWest Group were represented by James Thomson and Ollie Barron of Cushman and Wakefield.