Edinburgh offices to be redeveloped as urban warehouse space
Chancerygate and Bridges Fund Management have submitted plans to speculatively develop 146,745ft2 of Grade A urban logistics scheme in Edinburgh, Scotland in the place of Grayfield House, a 90,000ft2 office building that is currently being demolished.
The 7.5-acre site on Bankhead Avenue in Sighthill, will be known as Capital Park and will comprise 18 units from 4,295ft2 to 17,000ft2. It will have a gross development value in excess of £30m.
Neighbouring occupiers to the proposed development, which is one-and-a-half miles from the A720/M8, include Evans Halshaw, Tool Station, Edinburgh College, Edinburgh Napier University and Burton Biscuit Company.
Chancerygate development director, Mike Walker, said: “Once delivered, we believe Capital Park will be a best-in-class trade counter and multi-unit urban logistics development perfectly placed for Edinburgh’s increasingly active and dynamic SME sector.”
Guy Bowden, partner at Bridges, commented: “The rise in ecommerce is driving strong demand for urban and last-mile logistics sites.”
Agents for Capital Park are Galbraith & Co and Ryden.