Edinburgh-based fund management giant Baillie Gifford is set to take all 60,000 sq ft of a new office space development at 20 West Register Street on St Andrew Square in Edinburgh — known as “The Mint Building” — that will be capable of accommodating 700 staff.

Baillie Gifford, headquartered at nearby Greenside Row, has signed a pre-let agreement with the Chris Stewart Group.

The building was recently acquired by real estate firm Hines on behalf of its European Core Fund.

Alan Paterson, Partner at Baillie Gifford, added: “This high-quality office is well located in Edinburgh city centre’s flourishing east end, in close proximity to our headquarters at Calton Square.

“It offers us flexible space as we plan for the long-term expansion of our client base, and will be an attractive working location for our staff.”

Chris Stewart said: “The agreement with Baillie Gifford is very positive news for Edinburgh and for the continued transformation of St Andrew Square and the east end of the city centre.

“20 West Register Street will be a stunning focal point on the south east corner of St Andrew Square and alongside The Edinburgh Grand will draw people through to the new Edinburgh St James.

“The elegance of the Hoskins design cleverly reflects the surrounding historic buildings, bringing these into view as you walk through The Registers.

“It is tremendous to see the development take shape.”