One of Glasgow’s most sought after business addresses has welcomed a new tenant following a major refurbishment across its nine floors.
180 St Vincent Street welcomes accountants and business advisors Alexander Sloan, who chose to relocate its Glasgow office from Cadogan Street to the seventh floor of the building.
Alexander Sloan signed a 10-year lease for 5,082 sq ft of space, including a large balcony with views to the south of Glasgow City Centre.
Existing tenants at One80 include Xodus Group and EBV Electronic.
Building owners Northwood Regional UK oversaw a major refurbishment over five vacant floors together with transforming the main reception area.
JLL acted jointly with Ryden to let the space on behalf of its owners.
One80 St Vincent Street is located within Glasgow’s Central Business District and International Financial Services District, offering prime Grade A office space within walking distance of Queen Street and Central Station and Buchanan Subway Station. It is also only a few minutes’ drive from Junction 19 of the M8.
The 9th floor, which also has a balcony, is currently available to let alongside other suites in the building.
Claire Watson from JLL in Scotland said: “Glasgow’s office market has struggled to find supply to meet demand in recent times, thanks mainly to a lack of new developments in the city centre. The refurbishment of One80 St Vincent Street goes some way to redress this balance, providing high quality, centrally located business space where it is needed the most. Alexander Sloan, having signed up for a ten year lease can be confident that they’ve secured one of Glasgow’s most sought after business addresses which we expect will continue to draw significant interest from occupiers.”
Philip Morrice, Managing Partner at Alexander Sloan, said: “We’re excited to be the latest tenants at One80 St Vincent Street. The building has been impeccably finished and clearly designed with modern business tenants in mind. The core city centre location was also a major consideration, to be alongside liked minded professional companies, accessible to a wide array of city centre amenities and nearby transport connections. Repositioning our business on Glasgow’s prime business street made complete sense.”
Mark Evans from Northwood Regional UK, said: “We are delighted to be welcoming Alexander Sloan into the building and to be able to attract a respected professional occupier. The decision to undergo a four floor renovation at One80 was borne out of a desire to deliver the highest office accommodation specification on the market, which has been rewarded. When refurbishing the new space, we played on the strengths of the building with the excellent positioning in the core city centre and with city-wide views to the south north wherever possible. With further current interest we hope for more good news soon.”
Ryden also acted for new tenants Alexander Sloan.