Scottish developer Knight Property Group has completed the purchase of Atholl Exchange, a prominent multi-let office asset in the centre of Edinburgh's Exchange District.

Situated on Canning Street, the modern steel-framed corner building spans basement, ground and four upper floors, totalling 9,934 sq ft. It offers open-plan floorplates and a full-height atrium that brings strong natural light into the reception.

The specification includes LED lighting, lift access, secure cycle storage, secure entry systems and dedicated car parking. The property is fully electric.

Knight Property Group will embark on an extensive upgrade and repositioning programme to elevate the building's quality and tenant experience. The scope covers full refurbishment of vacant floors, enhancements to the atrium and common areas, and improvements to the external frontage.

James Barrack Jnr, Director of Knight Property Group, said: "We are pleased to have completed the acquisition of the building and are excited about the opportunity to reposition it within the Edinburgh office market. Our plans include a comprehensive programme of refurbishment and upgrading works designed to enhance the quality, efficiency and overall occupier experience within the property.

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"There continues to be strong demand for well-located, high-quality office accommodation in the sector under 5,000 sq ft in Edinburgh, particularly space that meets modern expectations around sustainability, flexibility and staff well-being. We look forward to delivering a refreshed building that will appeal to a broad range of occupiers while securing the long-term future of the asset."

Angela Lowe, Director of CBRE added: "There remains strong occupier demand in Edinburgh for high-quality office accommodation that combines a central location with modern specification and strong sustainability credentials.

"The proposed upgrades will significantly enhance the space and create an attractive offering for a wide range of businesses seeking premium office accommodation in the city. We expect the refurbished floor to generate strong interest from occupiers looking for high-quality, ready-to-occupy space in a competitive market."

Close to Edinburgh's West End, Atholl Exchange sits within one of the city's leading financial and professional hubs. It benefits from strong public transport links, with Haymarket Station and the West End tram stop a short walk away, and is near the Edinburgh International Conference Centre, the Sheraton Grand Hotel and the Waldorf Astoria Edinburgh, as well as extensive West End amenities.

Existing occupiers include EYCO, Westerwood Development Company and Land Use Consultants (LUC). The first and second floors are currently available to let.