The Chris Stewart Group (CSG) has agreed terms with Nucleus Financial for its Greenside office development in Edinburgh’s Blenheim Place. The deal will see the award-winning fintech firm take occupancy of the 2nd floor and partial occupancy of the 3rd floor office space in November, relocating 180 staff from its current HQ in the city centre.
Greenside, which backs onto Calton Hill, provides 38,000 sq ft of office accommodation arranged over five floors, with Nucleus – a ‘wrap provider’ in the investment and pensions market set up in 2006 – taking just under half. CSG is in the process of redeveloping the building; having originally been built in 1988 as a computer centre for Scottish Equitable, it is set to be replaced with a new ‘de-furbished’ and modern Grade A, energy efficient office space.
The fit out, by GHI Contracts, has seen back-up generators and chiller plant rooms being stripped out. High ceilings have been created by removing suspended ceilings, said CSG, giving Nucleus an impressive amphitheatre stair linking the two floors for staff presentations and events. GHI is also undertaking shell and core works to the rest of the building to ‘de-furbish’ and create a state-of-the-art space with the introduction of an enlarged reception area and creation of a staff break out terrace.
“By re-imagining a tired looking 30 year old block overlooking Calton Hill in the heart of the city, we have taken design inspiration from the local surroundings to create a contemporary working environment,” said CSG chief executive Chris Stewart. “We are delighted to have agreed terms with Nucleus for the lease at Greenside. Having shared our vision for the building, we look forward to welcoming them later this year.”
Nucleus founder and chief executive David Ferguson added: “Greenside looks like being a world-class facility. We’ll be sorry to leave Thistle Street Lane, but this move should accelerate us in the direction of £40bn or £50bn of assets under management.”