Odysseus Capital Management announced it has secured planning permission for the redevelopment of Edinburgh One at 60 Morrison Street — the former headquarters of Scottish Widows Investment Partnership.

The Edinburgh-based developers and asset managers will deliver the 88,000 sqft Grade A offices over seven floors at the block.

Odysseus said the building, due for completion by the third quarter of 2023, is anticipated to be the first “targeted net zero carbon office scheme in Edinburgh city centre.”

JLL and Dobson Scotland are the joint letting agents on the redevelopment of Edinburgh One, while Montagu Evans advised Odysseus on planning.

Odysseus Capital Management MD Richard Edlmann said: “We are excited to be delivering this exemplar development, which will be one of the first post-COP 26 designed office buildings in Edinburgh city centre.

“Architect CDA’s design creates a new generous double height reception, while adding two further floors and a unique roof terrace with stunning views of the Castle.

“Edinburgh One is targeted to be net zero carbon, incorporating significant carbon embodiment along with core principles of Circular Development.”

Cameron Stott, lead director at JLL in Edinburgh, said: “Edinburgh One will be delivered at a time when there’s a predicted critical shortage of grade A offices in the city centre.

“The design and specification of the redevelopment has been future proofed to attract corporate and public sector organisations that have ambitious targets to become net zero by 2030.

“We believe Edinburgh One will attract financial, corporate and technology companies who value sustainability as part of their agenda.”

Dobson Scotland MD Keith Dobson said: “Odysseus is targeting the highest ESG credentials including BREEAM Excellent and EPC A whilst achieving a net zero carbon building in operation through utilising fully electric power.”