Caledonian Exchange has become Edinburgh’s first office building to land a top industry certification for its digital connectivity
An Edinburgh office building has become the first in the city – and one of the few in Scotland – to land a top industry certification for its digital infrastructure and technology-focused design.
Caledonian Exchange, which is being marketed jointly by independent property consultancy Knight Frank and Eric Young & Co, has been awarded a Wired Certified Silver rating, which recognises buildings excelling in the implementation of digital technology.
The office accommodation, which is located by the Western Approach to the city centre, recently underwent an extensive £120,000 refurbishment project and its current tenants include property and planning consultancy Rapleys; recruitment firm Hudson; engineering consultancy Mott MacDonald; law firm Lindsays, and telecommunications company AT&T.
In its most recent letting, Macmillan Cancer Support expanded its operations in Edinburgh by taking 4,533 sq. ft. at Caledonian Exchange.
Since coming onto the market, the building has enjoyed significant occupier demand, with only 10,863 sq. ft. of space remaining on a single floor plate.
Simon Capaldi, Office Agency Partner at Knight Frank, said: “The demand for high-quality office space is at an all-time high in Edinburgh; especially as the city looks to accommodate the requirements of more tech start-ups and a rise in activity within the fintech sector.
“Caledonian Exchange’s recent Wired Certification highlights digital connectivity is increasingly a priority for landlords in both new build office accommodation, and refurbishment projects like this one. The certification is a well-deserved accolade for the office building, which has attracted a great deal of interest since the completion of its refurbishment.”
William Newton, President and EMEA MD at WiredScore, said: “Caledonian Exchange is a strong example of a building which has been refurbished with technology and connectivity front of mind. Commercial property continues to play a vital role in the development of smart cities, and Caledonian Exchange is a perfect example of this trend. It’s the first in Edinburgh to receive WiredScore accreditation – a huge congratulations to all involved.”
Neil McConachie, Partner at Eric Young & Co, said: “As well as Caledonian Exchange having one of the best car parking ratios in the city centre (one per 639 sq. ft.), and being very accessible by train, bus and tram, it’s great that we are now also recognised as having great IT connectivity.”