HM Revenue and Customs (HMRC) has announced its latest addition to a network of 13 state-of-the-art regional centres, by signing an agreement to lease an estimated 187,205 sq. ft. of office space in a 10-storey new build at Atlantic Square, Argyle Street in Glasgow for 25 years.
Following a comprehensive search across the city by JLL, the Atlantic Square development – being developed by BAM Properties Limited and TCP Developments Limited – was found to be by far the ideal location, as well as being cost effective.
The development is easy-to-reach with excellent transport links, in addition to providing HMRC with the digital infrastructure required by a modern tax authority.
The building will eventually accommodate about 2,700 full-time equivalent employees from across the department by 2021.
Steven Boyd, HMRC Estates Director, said:
“I’m delighted to confirm Atlantic Square as our 10th regional centre. HMRC has a significant presence in Scotland and we are pleased to grow upon this in Glasgow. The development will help continue HMRC’s transformation into a modern, digitally-advanced tax authority thanks to the site’s high specification office space, central and accessible location and digital infrastructure.”
Leader of Glasgow City Council, Councillor Susan Aitken, said:
“This is a significant and long-term investment in Glasgow that reinforces the city’s status as a world-class business location and a major hub for jobs in the financial services sector.”