Share:

NatWest Puts Former Edinburgh Building on the Market

15/10/2020

NatWest has put the former RBS office building in South Gyle, Edinburgh on the market.  

Covering 243,000 sq ft, Drummond House is situated on a 13.41 acre site which lies at the heart of Edinburgh’s main mixed-use regeneration zone. The area is undergoing a rapid transformation from a high quality HQ office location to a ‘24/7’ mixed-use quarter with major development proposals from Edinburgh Park, the Garden District, Crosswinds, and the International Business Gateway creating  the city’s key growth area for the future. 

The sale follows the bank’s decision in December to relocate upwards of 2000 staff from the building to its Gogarburn headquarters.

The building currently offers high quality open plan offices, two independent receptions, a staff restaurant and kitchen, underground car park, landscaped recreational area and sport facilities. NatWest believe that Drummond House presents the ideal opportunity for an office occupier to create a new campus, re-imagining the building to meet their own specific requirements and budget. 

It can also be re-purposed for alternative uses, such as multi-let offices or to serve other sectors including coworking, education, healthcare, and data centres. 

The low-density site can support increased development, or complete redevelopment for residential and commercial uses as part of this exciting new mixed-use quarter.   

Drummond House, Edinburgh

Neil Miller of NatWest said: “Drummond House has been a very efficient and flexible asset for us, and I believe it offers a great opportunity for another business to reshape it to their specific needs, and to create a facility for tomorrow.”

Cushman & Wakefield is marketing the property. 

James Thomson of Cushman & Wakefield said: “A site of this scale at the heart of this rapidly evolving quarter is a fantastic opportunity for a creative development solution to offer cost effective space across a range of sectors, or to develop a new mixed-use proposal.”  

Drummond House takes advantage of diverse public transport with nearby access to mainline train, tram and bus networks, instant motorway access, and immediate access to Edinburgh Airport. This connectivity allows businesses to attract talent and to access markets, whilst residents can reach the city centre and across Scotland quickly and sustainably. Companies coming to Edinburgh benefit from access to talent, innovation, culture and lifestyle for which the city is renowned.

Drummond House is being offered for sale, or to let with the benefit of a refurbishment package. All enquiries should be directed to sole agents Cushman & Wakefield.

Contact James Thomson on 0131 222 4545 or 07768 472130.

Full information is available via the website www.drummondhouse.co.uk External Link

MEDIA CONTACT

Seetle Dool Cushman & Wakefield

RECENT NEWS

Housing construction
C&W Reappointed by Homes England

Cushman & Wakefield has been reappointed to the national Homes England Economics Framework.

07/01/2021

What's in Store for 2021
Regional Predictions for 2021

Cushman & Wakefield predicts what lies ahead for the UK Regions in 2021.

04/01/2021

PBSA scheme in Bristol city centre
C&W Advises on Bristol PBSA Scheme

Cushman & Wakefield has advised on the forward purchase of a purpose built student accommodation scheme in Bristol city centre.

17/12/2020