Redevco signs European energy company for its first UK office

March 15, 2010

Redevco has signed EDP Renewables (EDPR), one of Europe’s leading energy companies in the renewables sector, to open its first UK office at Princes Street, Edinburgh.

EDPR has taken a 5,360 sq ft fourth floor office suite at 40, Princes Street at a stepped rent reaching £25 per sq ft. The lease period is 10 years, with 12 months’ rent free. REDEVCO’s Grade A building at Princes Street has a total of five floors offering high quality office and retail accommodation in a prime location. EDPR will be joining other occupiers like Thomson Reuters, Davis Langdon, Brewin Dolphin and Aberdeen Asset Managers.

Adam Starr, Director of REDEVCO said: “This is a great boost for Edinburgh’s office market and we are delighted to welcome another high calibre occupier to 40 Princes Street. This building is one of Edinburgh’s most dynamic developments, boasting spectacular views plus providing the quality of accommodation that EDPR wanted.”

Jones Lang La Salle and King Sturge advised REDEVCO on this deal. EDPR was self-represented.

Latest News

MOORGARTH LAUNCHES PM+U – A NEW KIND OF PROPERTY MANAGEMENT COMPANY

February 19, 2021 - 16:07

The highly successful team behind Moorgarth Property Management has launched a new property management company – PM+U – specialising in retail, office and leisure assets across the UK. Under the l[...]

+ Read More

ARLINGTON TO DEVELOP ONE OF LONDON’S FIRST DEDICATED LIFE SCIENCE DEVELOPMENTS

February 16, 2021 - 11:08

Arlington has received full planning consent for a building that is set to become one of London’s first fully lab-enabled buildings to be delivered by a commercial property investor. Known as Refine[...]

+ Read More

WILFORD LANE DEVELOPMENTS SELLS OFF WEST BRIDGFORD SCHEME IN NOTTINGHAM

February 9, 2021 - 12:36

Wilford Lane Developments Limited (WLDL) – a joint venture between Kuwaiti developer/investor Salhia Real Estate Co KSC and Simons Developments Ltd – has sold the commercial element of its Wes[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR