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Property management firm Speirs Gumley becomes Red Tree Magenta’s first tenant

10th May 2018

Award-winning property management company Speirs Gumley is moving its Glasgow headquarters from Bath Street in the City Centre to the brand new Red Tree Magenta building at Clyde Gateway, in the east end. The company has agreed on a pre-let on the third floor of the four-storey building, which is set to complete this summer.

The move comes as the company, with 70 staff in Glasgow and a second office in Edinburgh, plans to expand its team further and improve its productivity in modern, well-connected premises with easy access to the city centre and transport network.

Red Tree Magenta will become the first building at the new 27-acre Magenta urban office park, developed by Highbridge Properties in partnership with the Clyde Gateway regeneration programme, a partnership between Glasgow City Council, South Lanarkshire Council and Scottish Enterprise. The completed project is expected to bring at least 12,000 full-time jobs to the area.

“I am delighted to give a very warm welcome to Speirs Gumley as the first pre-let tenant at Red Tree Magenta," said Clyde Gateway chair Lord Smith of Kelvin. "With a number of other units at Red Tree Magenta now under offer, other businesses are quickly realising the enormous benefits, including excellent transport links, a skilled labour force and quality local amenities.”

Tim Jacobsen of Ryden added: “Red Tree Magenta has been specifically designed to enhance working experience. Its highly flexible spaces range in size from 113 sq ft upwards, allowing all type of businesses to enjoy their own office space available on flexible licence terms, and create the best work environment for them.”  

The building also includes a communal garden terrace, collaborative working and breakout spaces, small and medium events spaces and meeting rooms, free parking and cycle lock facilities, as well as onsite showers and changing rooms. A corporate grade fibre connection is standard and, once fully occupied, it will have the capacity to support 340 new jobs.

Ryden represented Clyde Gateway in the transaction.

Tim Jacobsen

Tim joined Ryden in 2002 and is based in the Glasgow office agency team.  Throughout his time at Ryden he has gained experience in other departments, in particular the industrial and development agency sector and the valuation department.

Tim specialises in providing property advice in all aspects of the office sector and in particular has carried out a number of acquisitions on behalf of a variety of retained clients. He has been Involved in a number of major office and business park developments from initial feasibility through to marketing, letting and selling on behalf of clients. 

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