More Progress on Property

30 Nov 2015

In more good news on the property front, a striking new 15 storey office development in the heart of the IFSD is being proposed.

Developers behind the 8,000m² project are PATRIZIA UK and the architects are Keppie Design. Subject to approval, the new scheme will replace the vacant

Douglas House, in a prominent position between Waterloo and Douglas Streets.

Complementing proposed plans for the adjacent Bothwell Plaza, Keppie's design features flexible column-free floor plates ranging from 460-615 m2, together with a penthouse office of 285 m2.

A few hundred metres away, global law firm CMS has become the latest occupier at 1 West Regent Street, taking the entire fifth floor and part of the fourth floor, comprising 22,000 sq ft of high quality office space, on a ten year FRI lease.  

In May 2016, CMS will join Weir Group, Global Radio, Arup and FDM Group, with restaurant chain Giraffe on the ground level. Only three and a half floors remain available at 1 West regent Street..

And, global IT firm Syntel has taken up a ten year lease on 4,239 sq ft at 145 St Vincent Street after tying up a major deal with Clydesdale Bank.

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