Over 20,000 sq. ft. of new Grade A office space will be available in the heart of Glasgow by the end of the year.
Works are underway at 241-243 West George Street to renovate the 22,085 sq ft. property and create a number of open plan offices ranging from roughly 3,700 sq. ft. to 5,200 sq. ft. in size.
The works are being carried out by developer City Site, which acquired the building in late 2016, and are scheduled for completion in December 2017 and will be ready for occupation by tenants in the new year. The entirety of the property was formerly let to URS.
Leading real estate advisory GVA, who are acting as sole letting agents, anticipate that the new space will be welcome as an undersupply of Grade A stock remains an issue in Glasgow.
Paul Broad, Director at GVA said: “We think this property, with its high-level specification and location in Glasgow’s Central Business District, will attract attention from a range of occupiers and this has been reflected in positive levels of initial interest. The current shortage of Grade A supply in the market in the city has no doubt heightened this interest as occupiers search for high-quality space.”
Jim McCain of City Site said: “This is an exciting project to mark our return to the Glasgow office market with and I’m confident that, with the building finished to the highest specification, occupiers will respond positively.”