Deramore embarked on the redevelopment of
three grade B listed buildings on Edinburgh’s
Princes Street,the prime retail pitch in the city.
Amalgamating three small units which provided
one large unique 30,000 sq ft retail outlet to
deliver a store for the fashion retailer New Look
over the basement, ground and 1st floors.
Deramore marketed the further five upper floors
of the building, which comprised some 40,000 sq ft
of accommodation, and secured a long term
investment of a 97 bed hotel to Premier Inn.
The building was much sought after as it had
spectacular views of Edinburgh Castle.
The 20 year unbroken leases to New Look and
Premier Inn created a secure long term investment
which was forward sold before completion to
Lasalle Investment Management.