Baillie Gifford to move Edinburgh HQ in massive boost for £350m Haymarket development

Investment firm Baillie Gifford is to relocate its Edinburgh headquarters to a vast new development in Haymarket in one of the city’s biggest office lettings in recent years.

An artist impression of the new offices at the Haymarket Edinburgh development.

The firm, currently based on Greenside Row near the Omni centre, has agreed to take 280,000 square feet on a 20-year lease in a major pre-let deal at the £350 million Haymarket Edinburgh development. It plans to relocate to its new head office in the latter half of 2023.

Baillie Gifford’s joint senior partner, Andrew Telfer, said: “This new office is a significant long-term investment for Baillie Gifford, demonstrating our confidence in the future.

“It will bring all our Edinburgh colleagues under one roof again, in a more flexible and dynamic working environment. This will help to support our staff and clients around the world, whilst providing space for further growth.”

Designed by world renowned architectural practice Foster + Partners, Haymarket Edinburgh will provide more than 380,000 sq ft of Grade A office space with Baillie Gifford’s accommodation located within a seven-storey building.

Martin Towns, head of UK commercial at M&G Real Estate, said: “As one of the world’s largest commercial property investors with significant capital at our disposal, we are ideally placed to acquire and regenerate a project of this scale.”

Paul Curran, chief executive of Edinburgh-based Qmile Group, added: “Securing Baillie Gifford as Haymarket Edinburgh’s first office occupier shows the continued confidence in Edinburgh’s commercial property market, and in high quality, well-designed workplaces.

“Haymarket Edinburgh is without doubt a high profile development and represents the total regeneration of a site which has been derelict for more than 52 years.”

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