NEWS

Latest tenant brings Glasgow’s St Vincent Plaza to 75% let

10th March 2017

Following the letting of 34,515 sq ft to Mott MacDonald less than a month ago, a further letting of 17,249 sq ft has been secured to Wood Group at St Vincent Plaza, Glasgow. This takes the total floorspace let in the building to over 50,000 sq ft within a three week period.

Wood Group will occupy the second floor from March 2017 with its clean energy business SgurrEnergy, leaving only three floors of the 172,280 sq ft 12-storey building still available.

The property was speculatively developed by Abstract Securities to combine economic running costs and highly efficient energy performance with flexible workspace. It has an Excellent BREEAM environmental rating.

Ewan Cameron, Ryden’s Regional Managing Partner in Glasgow said:

“This deal shows that demand for good quality Grade A space in Glasgow is thriving, especially as it comes so quickly after Mott MacDonald took the 5th and 6th floors. Abstract had a clear vision of the type of property they wanted to create, with a focus on environmental impact, and this is paying off by attracting occupiers with excellent credentials.

It is a real boost to the city to see large employers invest in brand new space. Glasgow has a limited development pipeline which is frustrating as there are a number of city centre sites which offer excellent opportunities for development and there is occupier demand.”

St Vincent Plaza completed in late 2015. Tenants are KPMG, Whyte and Mackay, Mott MacDonald, Registers of Scotland and Wood Group.

Categories Deals

Ewan Cameron

Ewan was appointed to the partnership of Ryden in May 1992 and specialises in office agency and development. He has extensive experience in other areas, particularly in relation to industrial agency and management of property portfolios gained prior to specialisation in the offices sector.

He specialises in providing a broad client base with advice on all aspects of property marketing, letting, acquisition and disposal in the offices sector. 

 

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