Serviced offices company takes Glasgow floor space

Posted on by John Cronin

A serviced offices company has signed up for two floors of a premium office building in the centre of Glasgow.

Serviced offices provider i2 Office, a relatively new company to the market, has agreed to let floors 1 and 2 in the 2 West Regent Street office scheme in Glasgow. The company has signed a 15 year lease for just under 16,000 sq ft of floor space. Market reports suggest that the agreed rental price comes in at £24.30 / sq ft.

This deal marks the first letting within the £17m speculative build that was completed in 2009 and officially opened by former Secretary of State for Scotland, Rt. Hon Jim Murphy. Indicative rental prices published by the developers in December were in the range £23.50 – £25 / sq ft depending upon length of lease.

2 West Regent Street2 West Regent Street (pictured) offers total floor space of 77,850 sq ft over 10 floors within the scheme. The largest, available floor plates are 8,450 sq ft on the 3rd, 4th and 5th floors. The building offers Grade A rated, flexible floor space within a building that has a BREEAM rating of ‘Very Good’.

The new office block replaces the former Standard Life House, a well-known Glasgow landmark building that was demolished in 2008 to make way for the current scheme.

The developers behind the scheme are City Estates plc who also have other office schemes in Glasgow at Bothwell Street and St Vincent Street. The company also has office and retail space in Kirkcaldy and London.

Agents for the scheme are DTZ and GVA Grimley.

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