PLANNING permission has been secured for a Grade A office building in Glasgow city centre that developers say will play a key role in the economic recovery from Covid-19.
Broadway Central will provide 110,000 square feet of prime office space at the top of Renfield Street, next to the headquarters of Tesco Bank.
It is the final phase of a £110 million masterplan, led by property developer MRP, which also includes a four-star Maldron Hotel, to receive planning consent. Construction of the 300-bedroom hotel is already well under way.
The approval from Glasgow City Council comes hard on the heels of a report by property firm Savills, which found the city’s historic shortage of Grade A office space has not eased through the pandemic.
READ MORE: Working from home fails to stem ‘critical’ need for new offices in Glasgow
Angus Monteith, development director at MRP, said: “It is great news for Glasgow that the Council has supported our plans and we look forward to progressing this ‘best in class’ development. This investment is just another step in our commitment to the city which will support its economic recovery.
“The office building completes the development and will sit alongside our four-star Maldron Hotel which is currently under construction and due for completion summer 2021. At a combined £110m the two sites represent a significant and important investment in Glasgow.”
The new office block, which will sit between Tesco Bank and the Maldron Hotel, is designed by Cooper Cromar, the Glasgow-based architecture practice. The developer says it will comprise 10 floors with panoramic views of the city; a rooftop terrace, and landscaped public realm garden, for use by occupiers and the general public, are part of the plans.
Andy Cunningham, senior director at property agent CBRE, said: “Whilst clearly the Covid-19 pandemic has delayed a number of developments across the city, we are very optimistic that businesses will thrive again and continue to look for top-class space in one of the UK’s most vibrant cities.
"With Glasgow’s development pipeline tightly constrained, the need for Grade A office space, particularly those offering the highest low carbon credentials, will be paramount in the drive to bring new investment and occupiers to Glasgow.”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article