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News - 04/02/2018

LSH appointed for St Vincent Plaza

Private investment firm Starwood Capital Group has appointed LSH at the landmark St Vincent Plaza office development in the heart of Glasgow.

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 A Starwood Capital Group controlled affiliate acquired St Vincent Plaza from Abstract Securities in October and  has appointed LSH alongside 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 has 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, a director in Glasgow, 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.”

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