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HQ site purchase rumour
Refurbishment underway
Contractor appointed
Spring 2012 start mooted
Consent for 11-storey scheme
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Market summary
20-04-2010
A new report from King Sturge comments that in Glasgow no office space under construction, despite there being significant sites with planning permissions. City centre take up in 2009, at 418,000 sq ft, was 14.5 per cent higher than the previous year. Availability has risen to 2.1 million sq ft by the end of 2009, a vacancy rate of around 8.2 per cent, the highest since the early 2000s. Eleven new buildings offering 895,000 sq ft were underway at the start of last year, of which 650,000 sq ft is still available.
New £10m offices planned
15-12-2009
Clyde Gateway Developments is inviting tenders for the design, funding and building of a new £10m office building of 6,000 sq m (65,000 sq ft) with car parking at Corner of London Road & 151-159 Brook Street, Glasgow, G40. Turner & Townsend Project Management is handling the tenders, which close in mid January 2010. A contract award is expected in March 2010.
Green light for Atlantic Square
28-10-2009
Capella Group has been given the green light to proceed with its £100m 21,089 sq m (227,000 sq ft) mixed use scheme at Glasgow waterfront, known as Atlantic Square. Capella is keen to begin work asap and is in discussions with "potential partners".
Corner site nears completion
26-11-2008
The three storey building on the 'Corner Site' at 82 Wellington Street and 27-31 Waterloo Street, Glasgow, G2, burnt down in 2005. The insurance money is paying for the rebuild by the Consortium of Co Proprietors. Keppie Design gained the planning permission for a four storey £4.5m building of about 2,090 sq m (22,000 sq ft) gross, with retail on the ground floor. The development started on site in late 2007 and is due for completion in January 2009.
Large chunk of Optima is let
28-05-2005
About 8,082 sq m (87,000 sq ft) of office space at Crown Dilmun's Optima development on Robertson Street has been let. Two local education authorities have signed up for space at the 10,683 sq m (114,991 sq ft) building and are expected to move in before the end of 2005. The letting agents are CBRE and Ryden
Short list for Elphinstone Place
26-05-2005
Elphinstone, the developer, has short listed five contractors for its £100m Elphinstone Place scheme on St Vincent Street, in Glasgow. The 39-storey skyscraper will provide 20,950 sq m (225,500 sq ft) of office space, 202 apartments and retail and leisure space. The skyscraper is expected to be completed in 2008.
Start date for 110 St Vincent Street
27-04-2005
Next month, Scarborough Developments will appoint a main contractor for its planned redevelopment of 110 St Vincent Street, Glasgow G2. The contract winner will begin work one month later and is expected to complete by April 2007. The speculative development will provide up to 9,290 sq m (100,000 sq ft) of offices which are being marketed by CBRE and was designed by the Holmes Partnership.
Aurora to complete this November.
22-04-2005
Commercial Estates Management’s (CEM) redevelopment of the Aurora building on Bothwell Street, Glasgow, will complete during November 2005. 'Aurora', is a 10-storey £55m 16,257 sq m (175,000 sq ft) office scheme on the site of the former Scottish Enterprise headquarters at 120 Bothwell Street. The scheme will be the city's largest speculative scheme for 20 years. Jones Lang LaSalle and Ryden are the letting agents.
Glasgow makes new plans
22-02-2005
Glasgow City Council is to revise its City Plan just two years after being adopted. The council has issued new consultation documents to local residents in order to keep its regeneration plans up to date. A new draft plan for consultation will be issued by the end of the the year and possibly a finalised plan produced by the end of 2006.
Dell takes City Park space
18-02-2005
Dell, the computer retailer, has confirmed that it has taken about 6,038 sq m (65,000 sq ft) in Glasgow for a new call centre to employ around 400 staff, rising to 850 staff by 2008. The company may have an option on a further 3,065 sq m (33,000 sq ft) to meet expansion plans. Dell is to receive a regional assistance grant of £7.5m and the capital expenditure on the new centre will be £4.2m. The company has taken space on the first and second floors at City Park in Alexandra Parade, Glasgow, developed by Elphinstone and Earthquake Properties and funded by Irish Nationwide Building Society.
2005 start for Central Quay 3?
13-01-2005
Following on from the announcement that the remaining space at Akeler's 2 Central Quay development has been let; attention should now be paid to the remaining development site at the scheme. Given that the first two buildings on the site cover over 130,000 sq ft, it not unreasonable to assume that the next site could be in the region of 6,000 sq m (64,583 sq ft). Akeler was reluctant to comment but said that it may have more news on the final phase of the scheme in approximately four months time – watch this space. The letting agents are the Glasgow offices of DTZ and Montagu Evans.
2006 start for the Cuprum?
02-12-2004
Taylor Woodrow is considering a 2006 start of its Cuprum scheme in Glasgow. The Cuprum building will be located near Cadogan Square and will provide 9,568 sq m (102,989 sq ft) of office space over nine floors. The scheme has detailed consent and work may begin earlier if a pre-let is obtained or if the market improves sufficiently to risk a speculative build, although as Glasgow has at present a surplus of vacant Grade A office space a start may be unlikely. The letting agents are Jones Lang LaSalle and DTZ.
PPG wins planning permission
01-07-2004
Premier Property Group has been granted planning consent for a 10-storey 16,908 sq m (182,000 sq ft) office development on the site of Franborough House at 123-157, Bothwell Street, Glasgow. The £60m scheme, designed by the Hugh Martin Partnership, is thought to require a pre-let before a construction start will be made.
Elphinstone Place plans submitted
14-04-2004
Elphinstone, the property company, has submitted a planning application for Elphinstone Place, a 39-storey 134m high skyscraper to be built on a site in St Vincent Street, Glasgow. The 45,429 sq m (489,000 sq ft) building, designed by architect Cooper Cromar, would be on the Glasgow City Council owned 0.6ha (1.4-acre) site of the former Strathclyde Regonal Council headquarters. The scheme includes 17,094 sq m (184,000 sq ft) of offices, 202 apartments and 1,050 sq m (11,300 sq ft) of retail and leisure uses. If planning approval is given demolition could start in late 2004 with a start on-site in spring 2005 and completion in late 2007.
Kenmore has 'Sentinal' underway
22-11-2003
Kenmore Investments is underway with its 10-storey £12m office building on the corner of Waterloo Street and Douglas Street in Glasgow. Miller Construction is the main contractor for the 7,710 sq m (83,000 sq ft) ‘Sentinel’ office development. The building has been designed by Murray Dunlop. Construction of the building started in August 2003 and could be completed in late 2004. Ryden and James Barr are the letting agents.
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