L’Arche sign up for Sugar Bond HQ
06 September 2010
Highcross Strategic Advisors has secured international charity, L’Arche as the latest tenant within its 17,663 sq ft Sugar Bond development in Leith, Edinburgh.
The move to Sugar Bond provides L’Arche with 2,500 sq ft of modern office accommodation and will serve as the charity’s new Edinburgh headquarters. A 10-year FRI lease with a break at year five was agreed.
L’Arche operates in 30 countries and is dedicated to creating communities which welcome people with a learning disability and those who live with or support them.
Iain Taylor of joint letting agent Ryden noted that the firm received interest from L’Arche following Highcross’s decision to reduce the quoting rental to only £7.50 per sq ft. He added: “It’s an excellent move for L’Arche. The charity was able to take advantage of unprecedented market conditions to secure modern, DDA compliant premises which previously would have been considered too expensive. Highcross’s flexible approach in providing a lease package that worked for L’Arche, as well as undertaking their fit-out and effectively delivering a bespoke suite tailored to their needs, were all key to securing this deal.”
Julia Deans of Highcross Strategic Advisors commented: “We’re delighted to welcome L’Arche to Sugar Bond which is a fabulous building for occupiers looking for smaller sized suites in Leith.”
John Redwood of L’Arche adds: “ We are delighted to be moving our office to the Sugar Bond. We are pleased to have found new office space that could be tailored to our needs and is fully wheelchair accessible. Next year will be the 20th anniversary of L’Arche working in the historic Leith area of Edinburgh and we have plans to expand the work we do with adults with learning disabilities. It is fitting that we will do so from a new office that retains our strong roots with Leith.”
The Sugar Bond is one of two redeveloped former bonded warehouse buildings owned by Highcross. The second, also located in Leith, is Bonnigton Bond. Both buildings have been fully converted to provide high-quality, modern open-plan office accommodation set within stylish and attractive landscaped surroundings. Office space from 950 sq ft to 24,685 sq ft is available to lease. Further information is available at www.the-names-bond.com.
Ryden, Montagu Evans and CWPC acted as joint letting agents on behalf of Highcross. L’Arche was self-represented.
