Cazenove Capital, the wealth management division of Schroders, have agreed terms for office space at 18 Charlotte Square, part of the Charlotte Square Collection.
Taking a 10 year lease for the first floor (2,636 sq ft), the tenancy completes the letting of the refurbished Georgian townhouse and follows recent announcements that agreements have also been reached with the Institute of Directors and Lomond Capital for offices within The Collection’s managed estate of 21 premium properties in Edinburgh’s historic square.
More than 75 percent of space is now let within The Charlotte Square Collection and redevelopment of further phases will be proceeding during 2016.
Nick Ball of Corran Properties, which manages The Charlotte Square Collection, said:
“We are delighted to welcome Cazenove Capital, to the business community within The Charlotte Square Collection. It has always been our vision to restore Charlotte Square as a prestigious business address and the quality of our occupiers reflects that ambition.
“Going forward, there continues to be very positive interest in the estate and we will continue to refurbish and upgrade the properties to ensure that the architectural heritage is respected within a modern and sustainable context. We understand that the value lies in the quality and the character of the buildings and the Square itself.”
Peter Hillier, Head of Edinburgh, Cazenove Capital, said “this exciting move will allow us to accelerate our growth in Scotland. It is a welcome return home to Charlotte Square for our business and we are looking forward to joining the business community within the Collection”.
The Charlotte Square Collection is represented by CBRE and CuthbertWhite. Schroders was represented by Cushman & Wakefield.