Glasgow City Council has granted planning permission to BAM
Properties and Taylor Clark Properties to develop
Atlantic Square, one of the city's largest Grade-A office
developments, in Glasgow's Broomielaw.
The new development will comprise three separate buildings
including the retained façade of an A-listed warehouse building.
Building 1 will span ten storeys, providing 180,000 sq ft of
offices, Building 2 will comprise 95,000 sq ft across six floors
and Building 3 will have 15,000 sq ft of retail and residential
accommodation.
The development is expected to have an end value of more than
£100 million and support up to 2,750 jobs. Mark Broderick,
Development Director Scotland, BAM Properties, said: "There is no
doubt that there is an appetite in the city for Grade A office
development and despite significant investment recently, demand is
still greater than supply so we're confident Atlantic Square will
be an attractive offering for potential occupiers".
Letting agents for the development are Cushman and
Wakefield. Its recent
report on the Glasgow office market predicted a healthy office
market in the city for the second half of 2015 after a first half
which saw letting volumes of 228,500 sq ft, 13% above the 5 year
average.