York development firm complete fourth deal in Edinburgh

S Harrison, the York-based development company, has expanded its presence in Edinburgh with the acquisition of an office building on Osborne Terrace.

This deal is the fourth project that S Harrison has become involved with in the city recently.

The company has purchased Osborne House from Osborne Terrace Limited for an undisclosed sum.

The four-storey building is currently let to a number of tenants including the care, education and employment disabilities services provider, Capability Scotland.

Located in a corner position, Osborne House sits within close proximity to the Haymarket tram stop, railway station and numerous bus routes.

S Harrison previously completed work on a site on Leith Walk, that was formerly part of Edinburgh’s original Botanic Gardens, into a £23m, 240 bedroom, retail and student accommodation scheme, known as Haddington Place.

The company has also secured planning permission to convert Buchan House, a Grade A listed building on St Andrew Square, into a new 72-bedroom hotel. In addition, S Harrison purchased a site on the waterfront in Leith.

Ann Scott, S Harrison’s managing director, said: “We have a proven track-record for successfully delivering schemes for the office, retail, hotel, student and housing markets.

“Well-known in Yorkshire, the North-East and Midlands in particular, but with a growing presence in both the South of England and Scotland, we have become the development partner of choice on a wide range of notable schemes.

“We are anticipating a sound set of financial results for 2017, and are extremely confident in our future performance, due to an excellent development pipeline which our experienced team has worked hard to build over the last 12 months.

“Acquiring Osborne House is the latest in a number of Edinburgh-based projects for us. We are delighted to be playing a part in the growth of one of the UK’s main business centres and most popular tourist destinations. It’s an extremely important market for us and one that we’re keen to expand our presence in further during 2018.”