ScottishPower letting lights up Lanarkshire offices market
Owners of a business park in Lanarkshire have secured one of the largest out-of-town office lettings of recent years.
Bellshill-based HFD Group have secured an 80,000 sq ft letting with ScottishPower at their Hamilton International Park (HIP – pictured). The energy giant will bring an additional 1,000 staff to the business park, increasing their on-site headcount to 1,800.
HIP is a 116-acre site situated at Hamilton, 13 miles south east of Glasgow. The fully-developed business park will offer 650,000 sq ft of Grade A office accommodation within a range of modern office blocks. Serviced office suites from 200 sq ft are available within two buildings. Over the last couple of years HFD has targeted energy companies as preferred tenants for HIP and for offices at their Strathclyde Business Park. Other tenants include oil services company Wood Group and Spanish renewable energy company Gamesa.
HFD are investing a further £50m at HIP with the speculative development of a 223,000 sq ft carbon neutral campus. The campus is scheduled for completion by the end of the year.
The letting is larger than the recent deal secured with The Scottish Environment Protection Agency (SEPA) for 60,000 sq ft of floor space at the troubled Maxim office park. Commenting on the ScottishPower transaction, a spokesman for HFD said: “We think it is the largest out-of-town letting in the West of Scotland in the last seven or eight years.”
HFD has also enjoyed success this year with one of its more recent office renovation projects. The award-winning, 130,000 sq ft central Glasgow office scheme G1 is currently running at an occupancy rate of over 90%. HFD only completed the development in May 2010.
Rental prices have not been disclosed for the ScottishPower letting.
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