Sainsbury's Bank set for Parabola's award-winning 1 New Park Square

Sainsbury's Bank set for Parabola's award-winning 1 New Park Square

Parabola are delighted to confirm that Sainsbury’s Bank has agreed terms for the whole of the fourth floor of 1 New Park Square (1NPS), Edinburgh Park.

Sainsbury’s Bank will relocate from its current office at Edinburgh Park’s Lochside Avenue.

Sainsbury’s Bank will join firms Marsh McLennan, Element and GE Vernova in 1 New Park Square.

1 New Park Square was completed in 2022 and has already won two national awards.

Designed by architects Allford Hall Monaghan Morris, 1 New Park Square is also home to Patina bakery, café/bar-restaurant and live music venue.

Parabola MD Tony Hordon said: “Parabola is delighted to confirm Sainsbury’s Bank will relocate to 1NPS. Parabola is committed to delivering something special to tenants and creating a new community that offers exceptional office space in a new quarter of the city, with wellbeing at its core and sports and leisure facilities included as a vital component.

“Much more than an attractive workspace, the excellent facilities combined with unrivalled transport links in a genuine community will be hugely beneficial to Sainsbury’s Bank colleagues, as it is to our existing tenants.”

A Sainsbury’s Bank spokesperson said: “We’re pleased to have signed an agreement with Parabola for a space at New Park Square that will allow us to create a vibrant new home for our office-based Sainsbury’s Bank colleagues in Edinburgh.

“Just a short walk from our current location in Edinburgh Park, this will allow us to engineer a more modern, flexible, sustainable and efficient workspace that is better suited to our ways of working in 2024.”

Landlord acting agents: JLL / Cushman & Wakefield

Tenant acting agents: BNP Paribas Real Estate

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