Ryden secures Nucleus Financial’s new HQ Image

Ryden secures Nucleus Financial’s new HQ

10 July 2017

Ryden secures Nucleus Financial’s new HQ

10 July 2017

Nucleus Financial is relocating to new larger HQ premises at Greenside, Blenheim Place, Edinburgh.

Ryden advised the financial services provider in the deal, which sees the firm take 18,750 sq ft across the entire second floor and part of the 3rd floor on a 10-year lease.

Nucleus will relocate all 180 staff from its existing HQ at Thistle Street Lane in the city centre in November 2017.

The Chris Stewart Group is in the process of redeveloping the Greenside building, which was built in 1988 as a computer centre for Scottish Equitable and is now being replaced with a ‘de-furbished’ and modern Grade A, energy efficient office.

Nucleus founder and CEO, David Ferguson, said: “We’ve always tried to create the right sort of environment for our people to do great work, albeit always within the financial limitations of the time. Our continued growth has enabled us to substantially grow profitability and we now have the opportunity to create a pretty stunning environment, which I hope will be energising for our people and ultimately allow them to take us to far greater heights. Greenside looks like being a world-class facility and is certainly in the happening end of town – we’ll be sorry to leave Thistle Street Lane but this move should encourage us to up the pace and accelerate us in the direction of £40bn or £50bn of assets under management.”

Iain Taylor, associate at Ryden who advised Nucleus, commented: "Nucleus is one of the leading lights of Edinburgh's thriving Fintech sector and a real example of a homegrown success story.  Once ready for occupation, Greenside will provide Nucleus with high quality office space from which to further grow their business."

Ryden advised Nucleus, whilst Cuthbert White and JLL advised Chris Stewart Group in the deal.