Buccleuch Property has welcomed the first tenant at its newly refurbished offices at North Street in Glasgow. Geason, the insulation and construction focussed training company, has taken occupation of the 4,000 sq ft top floor in 145 North Street, Glasgow, on a five year lease.
This deal marks the successful completion of the first stage of refurbishment of the North Street office suites with a further 8,000 sq ft over two remaining floors to be completed. It is expected that these will be ready in November.
David Peck, managing director of Buccleuch Property commented: “We are starting to see real momentum in the office market, and this is reflected in the completion of the deal at North Street so quickly after the refurbishment was completed. The strong level of interest in the property reflects the excellent value for money it offers occupiers who are seeking modern open plan premises with excellent car parking and close to Glasgow’s city centre. We are already anticipating good demand for the remaining floors.”
Ian Kilpatrick, managing director of Geason said: “This is an excellent space for our company in an ideal city centre location, which will allow us to continue our expansion plans and develop our business in the future. The refurbishment is first class and has created a modern and flexible work space which allows us to manage our operational and sales departments effectively, as well as providing space for our training and development functions. The effective use of space and location is critically important to Geason for both for our employees and our clients. We have now moved in and are delighted with our new environment.”
Agents Jones Lang LaSalle and FG Burnett acted on behalf of Buccleuch Property in this deal.
Notes to editors
About Buccleuch Property
Buccleuch Property (www.buccleuchproperty.co.uk) represents the commercial property interests of Buccleuch Group with the core of its business within investment, development, strategic land and residential.
With offices in Edinburgh and London, Buccleuch Property has a market exposure of £350m through a UK wide investment portfolio and a range of development sites with a pipeline in excess of two million sq ft.
Buccleuch Property has four strategic joint ventures with Native Land, Queensberry, Longrose Buccleuch and Audley Retirement covering the residential, leisure and retirement sectors across the UK.
The business also has a portfolio of strategic land opportunities together with joint ventures in the US and Germany.