The 122,000 sq ft Capital Square scheme will be developed by BAM Properties in partnership with Hermes Investment Management.
Located in the city's Exchange business district, the scheme includes an eight-floor purpose-built office development designed to a high specification.
Designed by architects Hurd Rolland, the project will feature a glazed curtain-walling facade, double-height reception with a statement atrium, and a courtyard entrance, set within a private south-facing landscaped garden. As well as rooftop terraces, the building will also feature an underground car park.
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Capital Square will also comply with environmental standards include a BREEAM 'Excellent' rating and an EPC 'A' rating. Additional features will include solar panels, LED lighting and a 24-hour staffed security system, as well as facilities for cyclists and runners.
Dougie Peters, Managing Director at BAM Properties, said: "BAM has a successful track record of identifying when the market is right for investment. We believe now is the time. We are confident in the Edinburgh office market and the Edinburgh economy generally.
"The city continues to suffer from a lack of Grade A supply with strong demand from occupiers for new space. We have a great partner and project team in place providing us with all the right ingredients to undertake a speculative development of this quality."
Chris Taylor, Head of Private Markets at Hermes Investment Management, added: "Strategically located in the heart of Edinburgh's premier business district, this Grade A development features the highest quality facilities and will create a prime working environment, whilst also complying with the highest environmental standards."
The building will be ready for occupancy in early 2020.
(LM)
