A planning application for the development of high-quality office accommodation by property developer Summix Capital has been granted by Edinburgh City Council’s Development Management Sub-Committee.
Located at 179 Canongate, Edinburgh, the proposals will introduce a characterful office development and offer much-needed workspace within the heart of the capital’s Old Town.
Edinburgh’s growing popularity as a tourist destination has created a shortfall of office space in the city in recent years. Reinforcing this, research from Savills Estate Agents has shown that in the capital a shortage of quality office stock contributed to city centre take-up falling to 380,000 sq ft in 2019, lower than the preceding two years.1
The approved plans will provide easy to access office space and support the growth of office space in the capital.
The building also boasts strong sustainability credentials, including dedicated on-site cycling provision and facilities for greener commuting. Additionally, the site has the potential for a publicly accessible café to animate the existing courtyard to Old Tolbooth Wynd, enhancing occupants and visitors experience of the building.
There will be four floors designed for small and medium businesses with the provision for coworking. Each floor will have 5,000 sq. ft with accessible break out spaces on the top two floors. Coworking spaces provide a more flexible, accessible and affordable option for SME businesses and freelancers with an open environment which cultivates a positive and collaborative working environment.
Incorporating the wider UNESCO World Heritage Site and the A-listed structures of the Canongate Kirk and Canongate Tolbooth, the proposals will retain boundary walls, existing workshop structures and remaining historical artefacts on site.
Architects 3DReid worked on the scheme, and the planning consultants were Turley.
Stuart Black, Development Director at Summix Capital, said:
“We’re thrilled our application has been approved. These proposals will redevelop a vital location in the heart of the capital and help to tackle Edinburgh’s shortage of available office space provision.
“As a coworking space, our development will offer an innovative and competitive solution while ensuring its green credentials are in line with the City of Edinburgh Council standards.
“The plans represent the conclusion of a collaborative discussion about how best to make this site work. Summix Capital consulted widely with stakeholders and the community to ensure this site represented the kind of forwarded momentum the city-centre needs.
“We welcome today’s vote, and Summix Capital is thrilled to offer a new lease of life to the Canongate.”
About Summix Capital
Summix Capital is a property company specialising in development projects across the UK and Ireland. Working with its partners, it has successfully delivered thousands of homes in the UK and Ireland since its foundation in 2006.
It works closely with sector specialists across the property space, unlocking the sites it needs, including those that are harder to develop, and helping speed up what can often be a long process from conception to delivery. This ensures that housing, student accommodation and mixed-use schemes are delivered where they are most needed.
Its vision for regeneration involves taking on the most challenging sites, ranging from vacant possession to dormant, dilapidated structures and developing a viable plan for their redevelopment and repurposing. At a time when the demand for housing far outstrips supply, a steady flow of land is essential.
In 2017, the Summix Capital Partners I LP fund was launched to further enhance its ability to deliver larger and more complex projects.
For further information, please contact: Stuart Black, Development Director, Summix –firstname.lastname@example.org