Council wins prestigious property award

The City of Edinburgh Council has been awarded Property Company of the Year by prestigious property magazine Estates Gazette for its work in funding and developing Atria Edinburgh.

Atria, the council’s landmark Grade A office development, marks the completion of The Exchange business district in Edinburgh and is split between two buildings (Atria One and Two), comprising nearly 200,000 sq ft of accommodation. Atria One provides 186,008 sq ft of highly efficient, flexible floorplates (up to 32,000 sq ft) over seven floors and the smaller Atria Two provides 12,922 sq ft split over two office levels. 

The Council was awarded the accolade, for which the winner is decided by the Estates Gazette editorial team based on a combination of development and investment activity, securing key lettings and planning permission, at an event in The Dome, Edinburgh on Friday (12 April).

Councillor Frank Ross , who is chair of the Economy Committee for the City of Edinburgh Council , said: “The Council is absolutely thrilled to be recognised for its work on Atria through this highly regarded award. It is a nod to the massive efforts of the project team throughout the past three years who have worked extremely hard to deliver the development, and to be given it by a publication like Estates Gazette is a huge accolade.

“With great projects happening all over the city, such as the SoCo and Advocates Close developments on site and Haymarket and Caltongate in the pipeline, Edinburgh is a very exciting place to be.”

Damian Wild, editor of Estates Gazette, explained why the Council was chosen: “The City of Edinburgh Council was our choice for Estates Gazette’s Scotland Property Company of the Year. Developing Atria speculatively was such a brave call in the dark days of the recession. It was a bold move that has been rewarded with lettings ahead of its official launch." 

The commercial office development has been undertaken alongside an extensive expansion of the adjacent Edinburgh International Conference Centre (EICC).

Atria Edinburgh is due to be launched officially in April 2013, and plans to welcome its first tenants in June.

Atria Edinburgh is being marketed for let by joint agents Jones Lang LaSalle and Montagu Evans.

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