Rettie & Co. Act for the University of Edinburgh in Acquisition of Quartermile’s Surgical Hospital Building
Rettie & Co. are pleased to announce the acquisition of the former Surgical Building at the Quartermile development, Edinburgh.
The Category A-listed 120,000 sq.ft Surgical Hospital building (known as Q1) has been acquired from Quartermile Developments Limited. The landmark building forms part of the 19 acre mixed-use development known as Quartermile, an investment that is managed by Moorfield Group.
The building will be sensitively restored and developed by the University to enable expansion of outstanding teaching facilities. The value of the deal is undisclosed.
The University’s acquisition of the building will provide the opportunity for a further phase of new build residential development at Quartermile along with a proposed new retail and public space on Middle Meadow Walk.
Commenting on the acquisition, University of Edinburgh Principal, Professor Sir Timothy O’Shea, said: “We are very excited about the acquisition of the old Surgical Hospital and its potential. It will enable us to expand our outstanding teaching facilities and help us consolidate our position as a world-class university that is accessible to the wider community.”
Quartermile Developments managing director, Paul Curran, said: “This is an excellent opportunity for Quartermile and the City of Edinburgh. The Surgical Hospital is a fundamental part of our development masterplan of 29 buildings. It is a magnificent building which has always been used for teaching, so it is apt that its primary use will be for learning.”
William Scarlett, Director of Rettie & Co. who acted on behalf of The University of Edinburgh commented: “this is a win-win for both parties and for the City; we are delighted to have played our part in the acquisition of the Surgical Hospital building on behalf of the University of Edinburgh”.