┬ú100m Glasgow Development to Create 2000 New Jobs
ScotlandΓÇÖs Evening Times has reported on a ┬ú100m redevelopment scheme for GlasgowΓÇÖs waterfront, delivering offices, shops and residential property whilst creating up to 2000 new jobs.
The site, part of GlasgowΓÇÖs Financial Service District will provide 250,000sqft of premium office space with the hope that the plans will stimulate further investment and development in the area.
Patsy Hyslop, Marketing director for Marlebone, the investors behind the plan, told the Evening Times that:
ΓÇ£Approval by the planning committee means we can now get to work on developing the next stage of our proposals and together with Scottish Enterprise and Glasgow City Council we believe we can secure major PLC companies and hotels willing to invest in the city.
We are already in negotiations with some major employers who are very interested in this site and we look forward to starting work to deliver this project for the people of Glasgow.
As well as providing much needed Grade-A office space, we aim to bring more life to the area out of office hours and have made provision for exciting retail and upmarket residential apartments as part of the scheme.ΓÇ¥
Alastair Wood from real estate service provider Savills, added:
ΓÇ£Despite the economic downturn, in the medium term there is likely to be a shortfall in Grade-A office accommodation in Glasgow city centre. This development is highly accessible in terms of public transport and its proximity to motorway connections.
Along with other planned developments in the vicinity, it will provide much-needed high quality office space for companies looking to locate or expand their businesses in the city.ΓÇ¥
Only last month the ┬ú145m Central Quay, another development, in Glasgow was revealed with these two large investments perhaps an encouraging sign of market confidence in ScotlandΓÇÖs second city.
Look out for the Glasgow City Focus report released next week.
The Glasgow City Focus is part of the Serviced Office Review Series published on a quarterly basis by officebroker.com