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Plans for a multi-million pound office development in Glasgow’s city centre have been approved by councillors.

Reportedly the largest construction project of its kind outside of Central London, Scottish newspaper the Evening Times reveals that the development will deliver 170,000 sq ft of space accommodating upto 1700 office workers.

Commercial property firm and developer Abstract Securities have been given the go ahead with founder and chief executive Mark Glatman welcoming the approval: "Glasgow City Council has recognised that in order to attract yet more big-name corporates to the city, it is imperative that Glasgow can offer high-quality Grade A office accommodation at an achievable cost."

Christopher McPherson, Abstract’s development director, added that the project would attract “high-profile occupiers to the city which, in turn, means more local employment and growth for Glasgow”.

Whilst Glasgow City Council leader, Gordon Matheson, also embraced the plans saying: “The creation of St Vincent Plaza is another sign that private investors and developers retain a lot of confidence in Glasgow, and it will be a welcome addition to our high-quality office accommodation.

Located between Anderston and Charing Cross train stations, the St Vincent Plaza venture is expected to be completed in 2013.

Related Articles:

• Glasgow Lacks Grade A Office Space
• Increase In Demand For Office Space In Edinburgh and Glasgow
• City Focus: Glasgow Report Q4 2011

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Published by AlecR on Monday, 13 February 2012 at 2:14 PM