Cushman & Wakefield win pitch with a little help from Dojo
April 01, 2008
Cushman & Wakefield has been appointed as joint agent with Jones Lang LaSalle on the new £100m Exchange Place in Edinburgh, the largest speculative office development in the capital currently under construction.
The commercial development by Scottish Widows Investment Partnership (SWIP) will extend to 18,580 sq m (200,000 sq ft) and is one of the final components of the Exchange District and interest from tenants is expected to be high.
Angela Lowe, Associate at Cushman & Wakefield said: “The decision by SWIP to develop three large office buildings at the same time will result in a new, prime office address being created in the city. The supply of offices is reducing and vacancy rates have fallen significantly this year. This, along with the fact that no city centre developments will be completed in 2008, will put an upward pressure on rents. Therefore the decision to build Exchange Place is extremely well-timed.”
Chris Cuthbert, Partner – Head of Office Agency & Development, said: “We are delighted to be involved in the Exchange Place scheme, alongside Cameron Stott at Jones Lang LaSalle. Our two firms are highly complementary to each other and we very much look forward to marketing jointly this hugely prestigious development on behalf of Scottish Widows.
Dojo Design Studio were commissioned to put together a 'Flash' introduction sequence for a significant pitch we were undertaking. The brief was well understood by Dojo and, with the tight timescales we set, they put together an ideal animation, all within budget. I look forward to using their services again.
Chris Cuthbert, Partner, Cushman & Wakefield (Head of Office Agency, Scotland)
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