First major let of year for Edinburgh
Published Date:
29 February 2008
EDINBURGH'S commercial property market has received a boost with the announcement of the first major office pre-let of the year.
Cosmopolitan Investments said it had pre-let the whole of Sighthill's Birch House, which provides 10,000sq ft of office space, to oilfield imaging company M-TEM.
A subsidiary of Oslo-based Petroleum Geo Services, M-TEM was spun out of Edinburgh University in 2004 and was acquired last year for £138 million.
Iain Mercer, group managing director, Cosmopolitan Investments, which is also based in Edinburgh, said: "This deal has two major plus points – the extent of the space taken and the fact that we achieved a pre-let in what is a difficult office market."
The full article contains 124 words and appears in The Scotsman newspaper.
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Last Updated:
28 February 2008 9:23 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Commercial property
