Private investment firm Starwood Capital Group has moved quickly to appoint joint letting agents at the landmark St Vincent Plaza office development in the heart of Glasgow.
A Starwood Capital Group controlled affiliate acquired St Vincent Plaza from Abstract Securities in October and has appointed Lambert Smith Hampton and Ryden to let the remaining space at the striking 172,000 sq ft modern office building located in the city’s central business district.
Completed in late 2015, the St Vincent Street building offers economic running costs, energy efficiency and highly flexible floor space and has already proved a hit with a host of high-profile tenants including KPMG, Whyte & Mackay, and Wood Group.
The most recent addition to that mix has been Zurich Insurance, which has taken the entire 7th floor at St Vincent Plaza in a deal completed shortly after the investment transaction.
Aasia Mohammad, Director, Business Space, Glasgow, LSH commented: “St Vincent Plaza is already 84% let, but there is still around 27,000 sq ft of grade A accommodation available on the first and part ground floors.
“With the current dearth in prime office space in Glasgow, we believe St Vincent Plaza offers some of the last remaining and best grade A stock in the city. Given its landmark location, superb modern facilities and eye-catching array of existing tenants, we believe there will be strong demand for the remaining space.”
Ryden will be joint letting agents with Lambert Smith Hampton at St Vincent Plaza.