Background

In 2023, the Company completed a £0.2m refurbishment of Lochside Way, a multi-let office building situated in Edinburgh’s premier business park. The building spans three floors extending to a total area of 23,500 sq ft and was acquired as part of the acquisition of DRUM Property Income REIT plc in November 2021.

The building was circa 50% occupied on acquisition.

Aim/specification

The aim was to enhance the quality of vacant offices and common areas to improve overall occupancy and retain existing tenants within the building.

The refurbishment works comprised:

  • Installation of new suspended ceilings to accommodate LED lighting;
  • Upgrades to the efficient air conditioning heat recovery system;
  • Zoning of mechanical and electrical systems to separate heating and cooling for each suite;
  • Addition of 12 electric vehicle charging points;
  • Draught-proofing to windows and doors to minimise heat loss; and
  • Installation of programmable thermostats to enable tenants to optimise their energy usage effectively.

Outcome

The occupancy rate has improved to circa 74%. The recent ground floor suite letting has established a new headline rent for the building at £24 per sq ft.

Total cost of works

£0.2m

Impact on EPC

‘C’ to ‘A’

Photos