Latest commercial property news from Lambert Smith Hampton

G1, Glasgow

Record rent for letting at G1 in Glasgow

09/02/2009

David Smith

Working on behalf of developers HFD, we have secured the first tenant for Glasgow’s most prestigious new business address, at a record rental level for the city of £29.50 per sq ft.

Leading construction consultancy, Gardiner & Theobold (G&T) will occupy 12,314 sq ft on the first floor of the building, and expect to move in by October this year.

Exceptional office development in Glasgow

David Smith, Head of our office in Scotland, said: “Without doubt, this is one of the best office developments ever undertaken in Glasgow. We are confident the sheer quality of its overall proposition will ensure a very healthy flow of interest from prospective occupiers.”

Garrie Renucci, partner at G&T, commented: “Despite the current economic climate, G&T’s commitment to G1 represents our confidence in both the outstanding quality of the building, superb location and our position in the Scottish market.”

£70m development providing 130,997 sq ft of office accommodation

G1 Glasgow is a £70m re-development of what used to be Glasgow’s main Post Office building on George Square. The work involved the demolition of all but three external grade A listed walls, with a new building behind the facade and a striking four storey glass roof extension.

On completion later this year, the building will provide 130,997 sq ft of office accommodation.

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