The Medical and Dental Defence Union of Scotland (MDDUS) has leased new office space at 206 St Vincent Street in Glasgow, taking a significant amount of space across the building’s ground and first floors.
The organisation will relocate from premises at Mackintosh House on Blythswood Street, in one of the first city centre office deals of this year. MDDUS has secured 11,329 sq. ft. of Grade A office space following a comprehensive refurbishment of the building.
Ryden represented MDDUS, while Knight Frank and CBRE acted on behalf of BMO Real Estate Partners.
206 St Vincent Street is currently home to investment services firm, Smith and Williamson, with 1,950 sq. ft. still available to let. The building was recently refurbished with a focus on employee wellbeing to include outdoor breakout spaces, modern shower facilities and cycle racks.
READ MORE: North Sea oil and gas industry veterans eye acquisitions
The building’s prominent corner location offers extensive natural daylight, and it was recently awarded a "very good" BREEAM rating for sustainability.
Colin Mackenzie, office agency partner at Knight Frank Glasgow, said: “206 St Vincent Street’s prime city centre position, combined with the refurbished modern space and focus on flexible and collaborative workspaces, make it a great location for MDDUS’s new Glasgow base.
“The city has, in recent years, faced a shortage of high-quality Grade A space, and while most businesses have been working remotely throughout the pandemic, demand remains robust. More so than ever, occupiers are focused on securing the best possible offices, with differentiators like sustainability and employee wellbeing at the forefront of decision-making.”
Simon McIntosh, of BMO Real Estate Partners, said: “It’s pleasing to see that following a significant investment programme, and amid the Covid-19 pandemic, our client RSA has been able to secure MDDUS as a new tenant at 206 St Vincent Street, adding to a great tenant line up. The building benefits from a strong location and the final remaining suites have been fitted-out to a category A+ ready-to-work standard, allowing future occupiers to hit the ground running from day one.”
Gillian Giles, office agency associate at Ryden, said: “After conducting an exhaustive market search, and taking into account the impact of the pandemic, 206 St Vincent Street was selected for its location, excellent facilities. Despite the pandemic, the process from beginning to end to secure the premises was quick and effective.”
Housing plans out for consultation
Plans for an affordable housing development in Dundee are the subject of a public consultation.
Vending machine company to switch to contactless payments
A Scottish vending machine company is adding contactless payment systems across its entire business after securing a £52,000 loan.
Sign up
You can now have the bulletin and the top business news stories sent direct to your email inbox twice-daily, and Business Week for the weekly round-up on Sunday:
https://www.heraldscotland.com/my/account/register/
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 hereLast Updated:
Report this comment Cancel