£200m Lloyds HQ to burnish Edinburgh's fintech status
January 27 2025
A landmark office complex in Edinburgh is to be reinvigorated under a £200m redesign to turbocharge the city's fintech sector.
Drum Property is working with Lloyds Banking Group and Michael Laird Architects to transform the Port Hamilton building on Morrison Street into the financial institution's Scottish HQ by 2027.
Previously home to Scottish Widows the 282,000sq/ft premises, readily identifiable by its distinctive curved roof, will become home to the larger group which includes Lloyds, Halifax and Bank of Scotland.
Graeme Bone, group managing director of Drum Property Group, said: “The £200m redevelopment of Port Hamilton presents an exceptional opportunity for Lloyds Banking Group to upgrade and enhance one of Edinburgh’s landmark buildings and deliver an exceptional working environment for Lloyds colleagues in an unrivalled city centre location.
"The level of investment, structure and net-zero objectives of the Port Hamilton redevelopment sends out a very strong message for the future of the city centre office market."
Chira Barua, CEO of Scottish Widows, added: “The fintech scene in Scotland is buzzing and we’re committed to staying right in the centre of it. We’ve made huge progress in connecting customers with their financial futures and we’re starting to see how powerful digital engagement and gamification will be in the future."
Under the terms of the agreement, Drum Property will assume control of the building and sub-let it to Lloyds Banking Group on a 21-year lease upon completion.
An open plan atrium will foster collaboration
The deal constitutes one of the largest office pre-lets seen in Edinburgh
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2 Comments
They should pay off their debts before building more shiny and ugly temples to mammon.
IIRC it was originally by BDP. The materials and detailing esp the cast concrete elements are as good as anywhere in the UK. I walked past a short while ago and it looked as if it had been built last week. I'm sure this investment will set it up for another 30 odd years.