NatWest puts former RBS Edinburgh office on the market
The former RBS office building in South Gyle, Edinburgh, has been placed on the market by NatWest, it was announced today.
Covering 243,000 sq ft, Drummond House is situated on a 13.41-acre site which lies at the heart of Edinburgh’s main mixed-use regeneration zone. The area is undergoing a rapid transformation from a high quality HQ office location to a ‘24/7’ mixed-use quarter with major development proposals from Edinburgh Park, the Garden District, Crosswinds, and the International Business Gateway creating the city’s key growth area for the future.
The sale follows the bank’s decision in December to relocate upwards of 2,000 staff from the building to its Gogarburn headquarters.
The building currently offers high quality open plan offices, two independent receptions, a staff restaurant and kitchen, underground car park, landscaped recreational area and sport facilities.
NatWest believes that Drummond House presents the ideal opportunity for an office occupier to create a new campus, re-imagining the building to meet their own specific requirements and budget. It can also be re-purposed for alternative uses, such as multi-let offices or to serve other sectors including coworking, education, healthcare, and data centres.
The low-density site can support increased development, or complete redevelopment for residential and commercial uses as part of this exciting new mixed-use quarter.
Neil Miller of NatWest said: “Drummond House has been a very efficient and flexible asset for us, and I believe it offers a great opportunity for another business to reshape it to their specific needs, and to create a facility for tomorrow.”
James Thomson of marketing agents Cushman & Wakefield said: “A site of this scale at the heart of this rapidly evolving quarter is a fantastic opportunity for a creative development solution to offer cost effective space across a range of sectors, or to develop a new mixed-use proposal.”