CKD Galbraith Secures Capital Letting For Sustainable Bank

CKD Galbraith has secured new rented premises for Triodos Bank's new Edinburgh branch at 24 Hanover Street.

The ethical and sustainable bank has sub-let 989 sq ft of office space over ground floor and basement next to The Merchants' Hall in the capital's city centre.

The sub-lease from head tenant Kelly Services and landlord Edinburgh Merchant Company, who own The Merchants' Hall, is for a three-year term at a rent of 40,500 per annum.

Relocating from offices at 32 Annandale Street Lane in Edinburgh, the Dutch bank's new premises at Hanover Street are situated at the heart of the city and benefit from a main door and street frontage on Hanover Street with frontage over the adjacent Rose Street.

Local occupiers include Lloyds TSB, The Clydesdale Bank, Santander and Pizza Hut.

With branches in The Netherlands, Belgium, Spain, Germany and UK offices in Bristol, London and Edinburgh, Triodos Bank only lends to and invests in organisations that benefit people and the environment. The new office will not provide counter services but will support Triodos Bank's expanded business banking team to continue to support social and environmental organisations in Scotland. Business clients include urbanangel cafe, Henderson's and Out of the Blue arts and education trust.

CKD Galbraith provided a full property service to the client, including building surveying work on the deal and project co-ordination on their office refurbishment.

Pam Over of CKD Galbraith, project manager of the fit-out, said: "It's been exciting to deliver this fast-paced project and a rare opportunity to use only sustainable products in accordance with the client's ethos."

Ian Forbes of CKD Galbraith, said: We were tasked with a unique search criteria to find a property that suited the client's specific needs and, importantly, had to be in-keeping with their business principles. So we're delighted to have secured such a prestigious location right in the very heart of Edinburgh's city centre, which affords high footfall and great brand exposure."

Dr Bevis Watts, Head of Business Banking at Triodos, said: "The new office in central Edinburgh is our first high street presence in the UK, and we're excited by the prospect of increasing our profile in the city and across Scotland. CKD Galbraith's support in this move has been crucial and enabled us to complete an eco-refurbishment of an office within one of Edinburgh's best known buildings."