US medical research firm Dexcom has secured a letting at Rockspring’s 1 Tanfield in Edinburgh for its first European headquarters.
The company has taken 9,105 sq ft at the 190,846 sq ft office, which was refurbished following Rockspring’s acquisition of the asset on behalf of its UK 2 Value LP fund in April 2015.
Dexcom signed a 10-year lease at an initial rent of £19.50 per sq ft.
The asset is now 85% let to 11 tenants, which also include Avaloq, Zonal, FNZ, Craneware and Dell Secureworks.
John Lister, general manager of commercial operations at Dexcom said: “With its strong history of medical innovation, the incredible talent pool in the city, Edinburgh and Tanfield really stood out for Dexcom as a location.”
Eric Young & Co and Burness Paull acted for Dexcom; Ryden acted for Rockspring.
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