Page 46 - KPG Activity Portfolio 2024 V2
P. 46

NO. 2 CASTLE


        TERRACE


        E D I N B U R G H

        PROPERTY ACQUISITION, INVESTMENT,
        SPECULATIVE REFURBISHMENT, LETTING
        AND INVESTMENT SALE


        The property lies between Edinburgh’s Exchange District
        and the ‘Golden Rectangle’ and within close proximity to the
        amenities of Princes Street and George Street.

        The property underwent a major refurbishment including
        remodelling of the entrance and reception, new M&E
        throughout, new toilets and a dedicated cycle store, with
        associated shower and locker facilities.
        The first floor was pre-let to Knight Frank before the
        refurbishment commenced, with the other tenants being
        Michael Page, Broadridge Financial and ERG UK Holdings.
        The property was sold in 2021 to an overseas investor.

        Client Knight Property Group

        Value £8m      |     Contract 16 weeks      |     Size 10,986 sqft
        Tenants  Wagamama / Knight Frank / Michael Page  /
        ERG UK Holdings / Broadridge Financial
















































        44 INVESTMENT FOR SALE
            CASE STUDIES
           2  CASTLE TERRACE     EDINBURGH  EH1 2DP
   41   42   43   44   45   46   47   48   49   50   51