The capital city of Scotland, Edinburgh is a UNESCO World Heritage Site, known for its stunning views and architecture, and renowned for the quality of life it provides for its residents. In fact, it was voted the 8th best city in Europe in which to live and work (European Cities Monitor, Cushman & Wakefield 2010).From the historic old town and the Royal Mile (spanning down from the castle) to the regal Georgian architecture of Edinburgh’s New Town, the city offers a picturesque centre, accommodating a diverse range of retail and industry sectors. It’s no surprise to us that The Financial Times fDi Magazine Awards gave Edinburgh ‘The Best Small City of the Future and Top Location for Economic Potential 2010/11’ accolade. We view Edinburgh as a place with the properties and infrastructure to ensure investments, if properly sourced, can reap significant rewards.
Edinburgh is the UK’s second financial centre and Europe’s fourth by equity assets. There are over 38,000 people employed in the city’s financial sector and more FTSE 100 company headquarters than any other UK city outside London. Over 62,000 students currently study in the city, which comprises 4 universities (Edinburgh, Napier, Heriot-Watt & Queen Margaret), as well as 3 FE colleges, currently being merged and will be known as Edinburgh College. Edinburgh plays host to 12 major festivals annually, including the International Festival and Fringe, The Film Festival, Book Festival, Science Festival and more. This means there are year-round opportunities for lucrative short-term and holiday lets. In 2010, the Festivals brought £261M in tourism revenue to Scotland, with Edinburgh’s directly benefitting by £245m. The Fringe alone contributed a staggering £142 million of this.