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Praxis secures double letting at 310 St Vincent Street in Glasgow

12th March 2020

Praxis Real Estate Management have secured two new tenants at Glasgow’s 310 St Vincent Street with Clancy Consulting and MDP Capital LLP now occupying the building’s top two floors.

Engineering firm Clancy Consulting have leased the entire ninth floor - 3,800 sq. ft - relocating from the park district, while fund managers MDP Capital LLP have acquired the eighth floor – Also 3,800 sq. ft.

These two deals now bring the building to 50% occupancy with only 4 lower floors now available, reflecting the popularity of office space in this rapidly evolving location at the west end of Glasgow city centre. Cisco, the global IT and networking company; International engineering company COWI; Lawrie IP, the independent patent and trademark firm; and tech company OnScale are amongst 310 St Vincent Street’s bustling tenant line up.

Knight Frank and joint agents Ryden LLP represented Praxis on both deals. Redpath Bruce acted on behalf of MDP Capital LLP whilst Clancy Consulting were unrepresented.

Sarah Hagen, Office Agency Associate at Knight Frank Glasgow, said:

“310 St Vincent Street continues to attract first class occupiers, testament to the high quality refurbishment that our clients Praxis have delivered.  The immediate area has a real buzz of activity with the addition of Coffee Republic on the ground floor alongside Café Nero and various gyms, offering occupiers additional doorstep amenities. Clancy Consultancy & MDP Capital are excellent additions to the occupier line-up and with a good level of interest in the remaining space we are hopeful of continued success over the coming months.”

Richard Harrison, Asset Manager at Praxis, added:

310 St Vincent Street is situated in a prime position for Glasgow’s business community and we’ve invested substantially to create a top-of-class, Grade A office building which suits the needs of both current and future occupiers; The addition of spa-style changing facilities, electric car-charging points and extensive cycle provisions to encourage active commuting. We are thoroughly delighted in welcoming Clancy Consultancy and MDP Capital LLP to the building. There is various interest in the remaining vacant space and we look forward to welcoming other tenants that recognise 310SVS as the perfect place to conduct business.”

Gillian Giles, Office Agency Associate at Ryden, also commented:

"I am delighted by the continued success at the building with two deals on the upper floors recently completed. In addition, we are expecting to be able to make further announcements in due course. While we have large floors of 9,000 sq ft remaining we are also responding to the take-up of the smaller suites and are now splitting the first floor to provide suites from 3,200 sq ft upwards. We have a proactive landlord, Praxis, who is quickly responding to the market and enquiries."

Knight Frank & Ryden are jointly marketing the remaining 37,000 sq. ft. at 310 St Vincent Street.

Gillian Giles

Gillian has worked in the Real Estate market since 2005. Her experience provides much sought after expertise in leasing, occupier consultancy and tenant representation. Gillian’s impressive portfolio of transactions includes advising tenants on their occupational strategy and change management, acquiring premises to realise their goals. Key achievements include acquiring a new Glasgow HQ for ACCA of 55,000 sq ft and acquiring the largest Grade A office for several years of 36,000 sq ft on behalf of ATOS.

Gillian also has extensive experience in landlord disposal and development transactions. Her significant client list includes CBRE Global Investors, BMO Real Estate Partners, Credit Suisse, AEW, HFD Property Group, Clydesdale Bank Plc, London & Scottish Investments and The Walker Group. Gillian worked as part of the advisory team for BAM on the construction and letting of 110 Queen Street, Glasgow. 

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