Significant deal at Edinburgh Park for Knight Property Group

September 12th, 2023

Category: general

Lumacron Technology move into the whole ground floor office suite at 4-5 Lochside Avenue

Knight Property Group has secured a significant deal at its £20m landmark green office building in Edinburgh Park, with Lumacron Technology having moved its headquarters to 4-5 Lochside Avenue, in Edinburgh Park.

Lumacron has leased 12,814 sq ft on the ground floor on a 10-year deal and has relocated its staff from Dunfermline into the Grade A office space.

With a global customer base, Lumacron delivers world-class hardware and software solutions for optical communications networks and is a trusted partner in complex optical infrastructure projects. Founded in 2014, with an industry pedigree stretching back 20 years, the company also has a North American base in Tysons, Virginia.

Lumacron is now located in one of Edinburgh Park’s most sustainable and modern office buildings, providing more space for the company’s future growth and development.

The building was originally purchased by Knight in January 2020 and sits on a three-acre site in the heart of Edinburgh Park. Rather than demolish the pavilion-style building, Knight comprehensively redeveloped and refurbished it to provide open-plan Grade A office accommodation, ranging from 4,700 to 43,000 sq ft over three floors.

Alan McDade, President, Lumacron Technology said:

“As we enter a period of high growth, with global demand increasing for our optical solutions, we are incredibly excited to have secured 4-5 Lochside Avenue as our new European headquarters. The building will provide quality workspace for our expanding team and clients.

“The standout design and sustainability credentials are a perfect fit and will enable us to have a greater focus on employee health and well-being, with natural light and plentiful outdoor space, as well as being in close proximity to a range of public transport options and park amenities.”

Howard Crawshaw, Managing Director of Knight Property Group added:

“We have been able to satisfy Lumacron’s expansion and relocation needs. “We are extremely proud of the building and it is particularly pleasing to have secured an occupier who shares our passion for office buildings that offer superior sustainability and wellness. Further space has been leased and there are other discussions ongoing with potentially interested occupiers to fill the space which is testament to the specification of the building that the team has delivered.”

4-5 Lochside Avenue is an all-electric building, with an EPC ‘B+’ rating. It offers occupiers a net zero in operation office, aligned to Net Zero targets and Scottish Government ‘New Build Heat Standards’. It has also achieved UK Green Building Council 2025-2030 interim targets for operational energy use.

Angela Lowe, Senior Director of CBRE said:

“This is a significant letting in one of the strongest buildings in Edinburgh Park and this deal demonstrates the draw of the Edinburgh office market. 4-5 Lochside Avenue is an attractive prospect for many occupiers due to the high specification, strong environmental credentials and excellent connectivity.”

Edinburgh Park is home to 7,000 employees with surrounding occupiers including JP Morgan, Marsh, HSBC and Lloyds. Edinburgh Park benefits from good local amenities, including the Gyle Shopping Centre and Hermiston Gait Retail Park.

JLL and CBRE are letting agents for Knight Property Group, whilst CuthbertWhite advised Lumacron.

Further information on can be found at: 4-5 Lochside Avenue

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