The 40 Princes Street development in Edinburgh's city centre is now half full, as Davis Langdon has agreed to a 10-year deal to lease 490 m[sup]2[/sup] of space on the fifth floor of the development. Redevco's £12 mln (EUR 15.6 mln) development already houses an H&M and a Mexx story and provides five levels of Grade A open plan office over the upper floors over a total of 47,500 sq ft.
The 40 Princes Street development in Edinburgh's city centre is now half full, as Davis Langdon has agreed to a 10-year deal to lease 490 m2 of space on the fifth floor of the development. Redevco's £12 mln (EUR 15.6 mln) development already houses an H&M and a Mexx story and provides five levels of Grade A open plan office over the upper floors over a total of 47,500 sq ft.
Before Davis Langdon, CMC Markets also recently agreed to let 3,664 sq ft in the building and Aberdeen Asset Management has let 17,791 sq ft. Craig Watson, associated director at Jones Lang LaSalle Edinburgh, said in a statement the deal showed there was demand for Grade A office space in the city in the face of a forecast shortage.
Jones Lang LaSalle and King Sturge acted for Redevco while James Barr acted for Davis Langdon.
