The LEADING CITIES INVEST fund has purchased the fully let office building Quartermile 3 in the Scottish capital Edinburgh. The asset, which offers more than 6,800m² of space is located at 10 Nightingale Way and was completed as recently as 2018. Its environmental performance was rated “Very Good” in the New Construction category of BREEAM. The property was sold by Prudential Assurance Company Limited. The main tenant of the building is State Street. It has been agreed to keep the sales price confidential.
The Quartermile development project, which Quartermile 3 is part of, is located in the southern part of Old Town in immediate proximity to the University of Edinburgh. The Quartermile project, planned by renowned international architectural practice Foster + Partners, includes four office buildings (Quartermile 1-4), 1,050 premium apartments, a Marriott Hotel with 107 rooms, several retail spaces, an extra Campus for the University of Edinburgh and a car parking concept offering more than 900 spaces. The new University of Edinburgh Campus is called Edinburgh Futures Institute and is planning to welcome its first students in the autumn semester of 2021.
