Edinburgh identified as potential commercial property hotspot | 18 June 2013
Edinburgh could become a bona fide commercial property hotspot if developer Ediston has its way, news168.co.uk reports.
Company owner and senior director Danny O’Neill has outlined his hope of doing more in Edinburgh and creating a number of new schemes that will not only prove profitable for the business but also boost Edinburgh’s economy as a whole.
O’Neill’s proposals follow Ediston officially launched its new £10 million speculative office development in the Scottish capital.
He claimed that the time was right for developers to boost their portfolios, with investor confidence largely returning to the commercial property market.
Ediston typically buys “unfashionable” buildings which are in prime locations but need work to be brought to a level that will attract investors. It has not solely focused efforts on Edinburgh, however, but has also undertaken operations in Aberdeen and Ayr, bringing its portfolio to over £100 million.
This experience with the regional sector was what suggested to O’Neill that the regional market was improving and that not all deals were looking to be done within the M25.
Speaking to scotsman.com of his future direction, O’Neill explained: “We’d like to do more in the city [Edinburgh]. We are working hard to carry on with more schemes. The regional market is improving.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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