The demolition of Glasgow's Princes House to
develop Magnet, a £75M Grade A office development in the IFSD,
is the subject of a planning application by
Mosaic Architecture + Design, on behalf of Garroch
Investments.
Occupying a prominent corner plot on Waterloo and West Campbell
Street, Princes House was constructed in the mid-1960s. It was
formerly home to Lloyds Banking Group and more recently,
Barclays.
The development of Magnet is expected to create around 1,200 new
jobs in the city and create an end value in the order of
£75million.
Neil Haining, Director of Mosaic, said: "The location of the
site offers the opportunity for Magnet to be a highly visible
landmark within the city through the generation of a taller
building than that existing on a gateway site to the city
centre".
"As Glasgow needs more mixed-use developments in this part of
the city, Magnet will offer a new build mixed-use commercial
development with ground floor retail use with commercial office
space above."
A wide range of staff facilities will be provided to enhance
wellbeing and welfare within the building, including staff gym,
informal breakout spaces, cycle storage and charging facilities,
and staff changing and clothes drying rooms.