Pinsent Masons takes long term lease in Edinburgh business district
Pinsent Masons has signed a lease for 25,000 sq ft of prime office space in Edinburgh’s Capital Square development.
The project being developed by BAM Properties, in partnership with Hermes Investment Management, is under construction in the Exchange business district.
It is scheduled to be completed in May 2020 with Pinsent Masons expected to take occupancy after a period of fitting out.
Partner and head of Pinsent Masons’ Edinburgh office, Ewan Alexander, said: “Scotland is a critical market for us and we required premises that reflect our ongoing commitment to the capital and market-leading position. There has been a dearth of suitable Grade A office accommodation in Edinburgh, so we are delighted to have agreed a lease for premises at the heart of the city’s business district.
“As a major provider of legal services to Scottish industry and commerce, and with a widespread global network which supports those businesses trading internationally, it is important that our staff are located in a prime position, which is accessible to key decision makers and national and local government agencies.”
The design and fit-out process, which will be heavily influenced by the opinions of the Pinsent Masons team, will focus on promoting well-being in the workplace and will follow the firm-wide policy of encouraging an agile working environment.
Mr Alexander added: “This is a significant capital investment which underlines our commitment to maintaining our market-leading position as an international law firm, with a very strong focus on delivering tailored solutions to major Scottish businesses and global corporates doing business in Scotland.”
The firm’s 200-plus Edinburgh lawyers and support staff currently work between offices in Princes Exchange and nearby Edinburgh Quay. They will come together under the one roof following the signing of a lease on 25,256 sq ft of space on two floors of the eight-floor Capital Square scheme.