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Ryden secures new tenants at two refurbished townhouses in Edinburgh

Two townhouses in Edinburgh's city center are now fully let. Acting on behalf of City and Pacific Ltd, Ryden has let the two complete buildings to single tenants, following a comprehensive refurbishment of both properties. 45 Charlotte Square has been let to BennBridge, while Gilson Gray LLP has taken over 6 Rutland Square.

45 Charlotte Square comprises a refurbished Category A listed townhouse part of the Charlotte Square design by Robert Adam in 1791 and completed in 1820. Multi-boutique investment firm BennBridge has taken the 4,716 sq ft premises on FRI terms with a 10 year lease at a rental of £150,000 (c. €162,000) per annum.

The 3,641 sq ft townhouse at 6 Rutland Square has been let to award-winning law firm Gilson Gray LLP at a rent of £90,000 (c. €87,000) per annum on a 15 year lease with five yearly breaks. The property is a traditional Category A listed sandstone tenement building arranged over five storeys which was also extensively refurbished. This move has dramatically increased the law firm’s total office space in Edinburgh to over 13 storeys, and its overall office footprint to 21,000 sq ft, following substantial expansion and continued growth ambitions.

BennBridge takes the 4,716 sq ft at 45 Charlotte Square.
Demand for office space continues to outstrip supply in Edinburgh city centre dramatically. With a limited choice in Grade A office space, comprehensive refurbishments present great options for occupiers.”

Ryden represented City and Pacific Ltd in these deals, while Alastair Stang at JLL acted on behalf of BennBridge and Gilson Gray represented themselves.