Development Case Studies

SoCo, Edinburgh

Cyril Leonard advised LaSalle Investment Management on the purchase of a site in Edinburgh’s old town together with the funding of a 259 room hotel pre-let. The hotel was pre-let to Accor for their IBIS range on a long term lease subject to annual RPI linked rent reviews.

The development also includes retail and restaurant units which have been let to Sainsburys and Costa. The project was completed in 2013 and Accor have stated that the hotel is trading very well.  Cyril Leonard also advised on the approval of the design / specification / warranties and are supervising the development on behalf of LaSalle Investment Management.

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