Lochrin Square is a new business development at the heart of Edinburgh’s Exchange District, and is a joint venture project between Gladedale Capital and Scotmid, the Scottish Co-operative. The development comprises two distinctive modern office buildings, one of which retains the original stone façade of a Grade B listed building. Gladedale secured £40 million of speculative forward funding for the project from Credit Suisse, a funding package that minimised risk for both JV partners while providing the necessary resources to maximise site value and development profit. Reflecting its location, Lochrin Square is believed to be the first traditional forward-funded office development in central Edinburgh since the early 1990s.