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Kanam purchases the Quartermile 3 office building in Edinburgh

The Leading Cities Invest fund has purchased the fully let office building Quartermile 3 in the Scottish capital Edinburgh. The property was sold by Prudential Assurance Company Limited. It has been agreed to keep the sales price confidential.

Quartermile 3, which offers more than 6,800 square meters of space is located at 10 Nightingale Way and was completed as recently as 2018. The main tenant of the building is State Street, a daughter company of the State Street Corporation, an international company with headquarters in Boston, USA. Founded in 1792, it is a financial services provider and a custodian bank. The second tenant, occupying the entire ground floor of Quartermile 3, is Cirrus Logic International Semiconductor Limited. The company is the leading provider of audio and voice chips for smart phones, wearables, tablets and headsets. Its environmental performance was rated “Very Good” in the New Construction category of BREEAM.

The Quartermile 3 is part of a development project by the international architectural practice Foster + Partner © KanAm Grund Group
The Quartermile development project, which Quartermile 3 is part of, is located in the southern part of Old Town in immediate proximity to the University of Edinburgh. The Quartermile project, planned by renowned international architectural practice Foster + Partners, includes four office buildings (Quartermile 1-4), 1,050 premium apartments, a Marriott Hotel with 107 rooms, several retail spaces, an extra Campus for the University of Edinburgh and a car parking concept offering more than 900 spaces. The new University of Edinburgh Campus is called Edinburgh Futures Institute and is planning to welcome it´s first students in the autumn semester of 2021.
Photos: KanAm Grund Group
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