Origo Services, the ecommerce standards and services body for the UK financial services industry, has taken on new premises in West Edinburgh, following the company’s continued success.
Leasing 10,606 sq ft of ground floor office space, 7 Lochside View, Edinburgh Park has provided Origo Services with a new Scottish office, following the firm’s relocation from space at nearby Heriot-Watt Research Park North.
JLL acted for Landlord Redefine International P.L.C. to secure a 15 year lease and BNP Paribas Real Estate acted for Origo Services.
The deal means that 7 Lochside View is now 100% occupied, leaving no vacant accommodation available within the building which was recently refurbished. Origo Services follow Business Stream, WSP, and JDSU in acquiring space within the building.
Based in South Gyle, Edinburgh Park is Scotland’s largest business park – a 58 hectare development that is home to a range of different occupiers. Located to the west of Edinburgh city centre, Edinburgh Park is easily accessible by road and public transport, and is just a short drive away from Edinburgh airport.
One of the UK’s leading financial services groups, Origo Services are owned by their shareholders. Established in 1989 to support the adviser market and operating across the whole of the UK, Origo Services works with product providers, wrap platforms, asset managers, financial advisers, portals and software companies to collaborate on identifying and addressing cost and efficiency issues that they cannot tackle in isolation.
Marcus Weurman, Associate Director at BNP Paribas Real Estate, commented: “BNP Paribas Real Estate were appointed by Origo Services to source new office accommodation for their expansion within West Edinburgh and had exacting standards, which were met with the acquisition of 7 Lochside View. Origo Services are delighted to secure modern Grade A open plan office accommodation to facilitate their expansion plans for the next phase of their business growth plan. We were well aware of the diminishing supply of good quality office accommodation in Edinburgh Park, as the demand for Grade A accommodation continues to grow with one of the factors being the lack of supply in the city centre.”
Geoff Scott, associate director at JLL in Edinburgh, commented: “The demand for space at Edinburgh Park is being driven by a combination of factors – lower costs compared to city centre office space, the quality of the business environment, and its accessibility with first class private and public transport links, including the tram network. Considered together, these factors are clearly having a significant impact on occupier decisions resulting in a significant increase in the level of activity in West Edinburgh already this year.”
Sarah Jones, Senior Asset Manager for Redefine International commented: “We are delighted to have achieved 100% occupancy so promptly following the acquisition of this asset. This is a testament to the quality of the property and to the team involved.”