en.Wedoany.com Reported - Scottish property company Knight Property Group has acquired Atholl Exchange, a core office building in Edinburgh's Exchange District, and plans to initiate a comprehensive refurbishment and repositioning.

Located on Canning Street, the building is a modern steel-framed corner office property with a total gross floor area of 9,934 square feet, comprising a basement, ground floor, and four upper floors. The building features an all-electric open-plan layout with a full-height atrium, and is equipped with LED lighting, an elevator, secure bicycle storage, an access control system, and dedicated parking. Knight Property Group plans to fully refurbish the vacant floors while upgrading the atrium, common areas, and external street frontage to enhance overall quality and tenant experience.

James Barrack Jnr, Director of Knight Property Group, stated that the group is pleased to complete this acquisition and looks forward to repositioning the property in the Edinburgh office market. He noted that demand remains strong in Edinburgh for high-quality office spaces under 5,000 square feet, with prime locations and modern sustainability, flexibility, and employee wellbeing requirements. The group will deliver a revitalized building to attract a wide range of tenants and secure the asset's long-term value.

Angela Lowe, Director at CBRE, added that Edinburgh has strong demand for high-quality office spaces combining city-center locations, modern specifications, and sustainability credentials. She believes the proposed upgrades will significantly enhance the space quality, offering an attractive option for various businesses, and expects the refurbished floors to generate strong interest from tenants seeking high-quality, immediately available space.

Atholl Exchange is situated in a well-established financial and professional office area near Edinburgh's West End, with convenient access to Haymarket Station and the West End tram stop. The surrounding area offers comprehensive amenities, close to the Edinburgh International Conference Centre, Sheraton Grand Hotel, and Waldorf Astoria Hotel. Current tenants in the building include EYCO, Westerwood Development Company, and Land Use Consultants (LUC), with the second and third floors available for lease.

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