Exchange Plaza, one of Edinburgh’s most prestigious office buildings, has secured an important new tenant. Brewdog, one of Scotland fastest growing companies, has taken 4,000 sqft of space in the old Clydesdale bank branch on the corner of Lothian Road and Festival Square.
Brewdog was started in 2007 by James Watt and Martin Dickie in Fraserburgh to make craft beers as they were fed up with the current market offering. BrewDog produces bottled and canned beers in a variety of styles such as ale, stout, India pale ale (IPA) and lager, some of which are also available in keg containers.
This will be their second bar in Edinburgh after their first bar opened in the Cowgate area in 2011. It will incorporate a bar, restaurant, bottleshop and retail outlet. This follows Lothian Road’s increased popularity as an improved leisure destination.
Brewdog have signed a 20 year lease and hope to be in operation in November 2017. Also most recently US Private equity firm, TSG Consumer Partners acquired a 22% stake in the company for approximately £213 million in April 2017, which valued the company at around £1billion.