HSBC to make 55,000 sq ft move to Scotland’s Maxim Park

Global bank HSBC has finalised a deal to take nearly 55,000 sqft at Maxim Park, the 760,000 sqft office park located between Glasgow and Edinburgh.

Representing one of the largest and most significant office lettings to be transacted in Scotland in recent years, HSBC will take occupation of 54,797 sqft over 3 floors in Maxim 4 next year.

Landlord Shelborn Asset Management is currently upgrading the building as part of the 10-year deal, to provide HSBC with an all-electric EPC A-rated office.

As is the case with several buildings on the park, Maxim 4 was originally constructed to a shell finish, so Shelborn is overseeing a CAT A fit-out programme in addition to a number of additional enhancements, including bespoke ground floor nursery provision.

Earlier this year, Barratt Developments announced plans to relocate its West Scotland team to Maxim Park after 17 years at Buchanan Gate in Stepps on the outskirts of Glasgow. The housebuilder, which incorporates Barratt Homes and David Wilson Homes, signed a 10-year lease on 9,000 sq.ft of space within the third floor of Maxim 7.

Colin Mackenzie of MC2, joint letting agent at Maxim Park alongside CBRE, said: “The park’s accessibility, prominence from the M8 Motorway and overall amenity offer were all key attributes we were able to offer to HSBC. Shelborn’s ability to deliver a full turn-key package is a rare commodity and very attractive for occupiers searching for highly efficient office space.”

Maxim Park was acquired by Shelborn Asset Management in 2018 and over the past five and a half years the office park has welcomed a raft of new tenants including LumiraDX, Aureum Diagnostics, TClarke, Linear Group and Sartorius.

Caroline Baillie, Maxim’s director of park services, said: “2024 is proving to be a very positive year for us and we are thrilled to be able to welcome more organisations to our workplace community.

“We’re looking forward to helping HSBC and their people settle into their new surroundings with the help of our packed and varied events schedule, which includes professional development workshops, charity initiatives, drive-in cinema listings and a range of health and wellness activities.”

CBRE acted for HSBC in this transaction.