The Institute of Directors and Lomond Capital have signed leases for office accommodation in Edinburgh’s prestigious Charlotte Square.

Both organisations will move into converted townhouses which form part of a collection of 21 Georgian properties owned by Fordell Estates.

The IoD Scotland has signed a lease on 2,951 sq ft of office accommodation at 10 Charlotte Square and will move from its current offices in Abercromby Place in the spring.

Lomond Capital has pre-let the entire five floors (4,500 sq ft) of 32 Charlotte Square, which will be renovated prior to the property group moving in in September.

IoD Scotland executive director David Watt said: “This move represents the creation of a new focal point for IoD members in Scotland, with state-of-the-art facilities in a prestigious central location, which sits right at the heart of the business and political community.”