ARTISAN Real Estate Investors, the partnership behind Edinburgh’s award-winning £200 million
New Waverley development, has completed the sale of the scheme’s 190,000 sq ft office component to Legal & General.
The financial services firm has secured the development on behalf of Legal & General Retirement, which invests in high-quality, long-term UK assets.
The deal follows a pre-let agreement announced in July with the UK Government to create a new office hub at New Waverley, moving some 2900 civil service jobs into the 7.5-acre mixed-use development in the heart of the Old Town
The Grade A office development is expected to be completed in June 2019. HMRC will run one of its 13 regional centres from New Waverley, under the terms of a 25-year lease.
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