The Galbraith Commercial Asset Management Team, acting for Buccleuch Property, has secured a new 15-year lease to Vets Now at 123 / 145 North Street, Glasgow, for the expansion of the company’s veterinary hospital.
Vets Now, represented by Andrew Reilly Associates, agreed a simultaneous surrender of their existing lease over the ground floor and entered into a new 15-year lease over the ground, first and second floors, of the four-storey building.
Pamela Gray, partner with Galbraith, said: “This is a good example of a landlord and tenant working together to find an occupational and leasing solution which works for both parties. Our client has secured a straight 15-year lease to an excellent tenant whilst Vets Now have the platform to create a state-of-the-art 24/7 emergency and speciality hospital. The deal takes the Vets Now overall occupation to around 17,300 sq ft with 26 car parking spaces and the building is now fully let.”
Andrew Reilly of Andrew Reilly Associates, who represented Vets Now, said: “This is a tremendous outcome. My clients like the prominent location and were keen to secure additional floor space to facilitate the creation of a world-leading emergency centre of excellence. This will be a superb facility offering the opportunity for further growth of the business.”