Teesland Group plc - Offices Sale - Edinburgh, 2-8 Melville Street, Lorimer House

Date: 03 Apr 2001

Teesland Group plc ("Teesland"), the private property company, has acquired Lorimer House, an 1,954 sq m (21,025 sq ft) commercial property, situated at Nos. 2-8 Melville Street, within the City Centre of Edinburgh.

Lorimer House comprises four prestigious interconnected townhouses of traditional Georgian construction. The interiors of these townhouses are to
be comprehensively refurbished to provide high quality office accommodation, which successfully blends the traditional with the modern. Lrimer House is scheduled to be ready for occupation in September 2001.

Planning permission has been granted for the opening up of the internal areas over basement ground and two upper floors with No.2 and No.4a having the benefit of a third floor. An attractive combination of room sizes, from individual offices to larger open plan office space will be on offer to prospective tenants.

Lorimer House will prove invaluable to the modern occupier offering a prime West End office location. Easy access to Charlotte Square, the new Exchange
District and Princes Street as well as the restaurant, shopping and banking facilities will also add to the propertys list of assets.

Mandy Somerville of Teesland comments: "Edinburghs continued growth in financial and business services in recent years has resulted in significant demand for high quality offices within the city centre.

Teeslands comprehensive refurbishment of Lorimer House will provide the best quality office accommodation, in response to this. We also feel that the timing on this refurbishment coincides with the shortage of office space in the city centre."

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