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Ryden Advises in Glasgow's Largest Office Letting of The Year so Far

14th October 2020

Wescot Credit Services, represented by Ryden, has taken 28,000 sq ft of office space at 310 St Vincent Street in Glasgow, in what considered the largest letting of the year in the city's office market so far.

Managed by Praxis and located within the prime Central Business District of Glasgow, 310 St Vincent Street has been refurbished to offer Grade A office space. The letting of the second, third and fourth floors to Wescot follows the ones to fund manager MDP Capital and engineering firm Clancy Consulting earlier this year.

Richard Harrison, asset manager at Praxis, said: 

"We are delighted to welcome Wescot Services to 310 St Vincent Street. Given the challenges city centre offices have faced it is a testament to the building and quality of refurbishment that Wescot committed to 310 St Vincent Street as their new home within three months of their first inspection. With part first floor offices now in solicitors' hands and the building close to fully let we are delighted to continue to prove those writing off the office sector wrong."

Sarah Hagen, office agency associate at Knight Frank Glasgow, said: 

"Glasgow's office market is beginning to pick up again and as businesses consider their return to the workplace, they are looking for flexible, high-quality space at a competitive price point. 310 St Vincent Street is well placed to meet those needs and has a range of amenities on its doorstep, standing out among other city centre options."

Tim Jacobsen, Office Agency Partner at Ryden, also commented: 

"We are delighted to be involved in this high profile letting, the largest of the year so far. 310 St Vincent Street satisfied our client's requirement for a high quality centre space that they could occupy in a relatively quick timeframe."

Ryden acted on behalf of Wescot Credit Services in this transaction, whilst Knight Frank represented Praxis, alongside Ryden as joint letting agents.  

 

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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