Prime positioning: How Together supported Hurstwood Holdings’ plans for a prominent Edinburgh office building.

When the opportunity to purchase a prominent Grade A office building at Edinburgh Park, one of Scotland's leading business destinations, arose, experienced property investors Hurstwood Holdings knew they had to move quickly.

With plans to reposition the asset through a significant refurbishment programme and create modern, amenity-rich workspace, securing the right funding to acquire the property was essential.

Their first call? Their long-term finance partner, Together.

The ask

With a growing portfolio of commercial properties across the UK, Manchester-based Hurstwood Holdings was keen to strengthen its presence in Scotland.

Having identified an opportunity to acquire 7 Lochside View, a prominent Grade A office building at Edinburgh Park, Hurstwood needed a funding partner that could move quickly and provide the certainty required to secure the acquisition. The property occupied one of the most visible positions within the business park and offered significant potential for future value creation.

Following completion, Hurstwood planned to invest £1.5m in a comprehensive refurbishment programme, introducing enhanced occupier amenities including a gym, upgraded cycle facilities, breakout areas, conferencing rooms and flexible office spaces.

To seize the opportunity and deliver its long-term vision for the asset, Hurstwood turned to Together for funding that would put the business in a prime position to move forward with its plans.

The solution

Having worked together on numerous commercial projects over the last decade and having seen first-hand Hurstwood's success in growing its portfolio, our team had confidence in the group's plans for the building, including its strategy to attract new tenants following the refurbishment.

As a result, we were able to provide a multi-million-pound commercial mortgage, enabling Hurstwood to complete the acquisition of the 60,167 sq ft property.

Ritchie Watson, Corporate Sales Director – North West at Together, explained why the long-standing relationship between Hurstwood and Together has been instrumental in supporting the investment group's wider ambitions:

"We've had the privilege of working alongside Stephen (Ashworth, Executive Chairman at Hurstwood Holdings) and his incredible team on some monumental projects over the years. When we get a call from them, we already know it'll be a well-structured project with an achievable repayment strategy, backed by a successful portfolio.

"That gives us the confidence to make decisions quickly and gives Hurstwood the certainty it needs to move quickly too, which can make all the difference when opportunities like this come to market."

The result

The acquisition further strengthens Hurstwood's presence in Scotland, adding a prominent Grade A office building to its growing portfolio. It also creates an opportunity to unlock additional value through refurbishment and active asset management.

Stephen Ashworth, Executive Chairman at Hurstwood Holdings, said:

"This is a high profile acquisition for Hurstwood and an important addition to our growing Scottish portfolio, marking another significant investment in Scotland's commercial property market."

With the funding secured and the acquisition completed, Hurstwood can now progress its £1.5m refurbishment programme, transforming the building into a modern, amenity-rich workspace designed to meet the evolving needs of office occupiers.

The project also reflects a wider trend seen across the UK office market. Demand for high-quality, well-connected and amenity-rich workspace continues to drive a 'flight to quality', with investors increasingly targeting prime and Grade A assets while older office stock faces growing vacancy pressures.

It’s a trend Ritchie discussed in detail in an interview with long-standing Together client Ed Kershaw, founder of luxury office space provider ByColony, and one that is also reflected in Together's own £8m office transformation project.

Ready to put your business in a prime position?

From strategic acquisitions to ambitious redevelopment plans, having the right funding partner can make all the difference. Together works closely with experienced property investors and developers to help them seize opportunities, unlock value and achieve their long-term growth ambitions.

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