CBRE picks 177 Bothwell Street for new Glasgow office
HFD Property Group has signed CBRE as a tenant at its 177 Bothwell Street scheme in Glasgow, as the firm seeks to consolidate three West Scotland offices into one prime location.
The agent will relocate nearly 300 staff to the premises, taking up nearly 18,000 sq ft on the ground floor.
These include its advisory services business, based at Sutherland House on St Vincent Street; its property management accounting team, which operates from Pacific House on Wellington Street; and its global workplace solutions team, which is run from International House at Hamilton International Park.
HFD Property Group has signed CBRE as a tenant at its 177 Bothwell Street scheme in Glasgow, as the firm seeks to consolidate three West Scotland offices into one prime location.
The agent will relocate nearly 300 staff to the premises, taking up nearly 18,000 sq ft on the ground floor.
These include its advisory services business, based at Sutherland House on St Vincent Street; its property management accounting team, which operates from Pacific House on Wellington Street; and its global workplace solutions team, which is run from International House at Hamilton International Park.
HFD expects to complete works in Q4 this year, while CBRE is set to occupy the space from April 2022.
Other prelets at the scheme include Virgin Money for its new headquarters, BNP Paribas, and HFD Group’s serviced offices business.
A number of CBRE teams have been advising on the relocation and fit-out of the new office, including the office advisory and transactions team, its design hub function and the project management, quantity surveying, sustainability and engineering services teams.
Miller Mathieson, managing director of CBRE Scotland, said: “Collaboration among our teams to bring the full power of our platform and services to enhance client outcomes is at the heart of our culture.
“This move will bring almost 300 members of staff together into one of the best buildings in Glasgow. Its fantastic green credentials and wellness facilities underpin our commitment to the ESG agenda, and will enhance the workplace experience for our people and help us attract and retain the very best talent in the market.
“The building design, fit-out and tech credentials will help promote collaboration and agile working, supporting our adoption of hybrid working patterns aimed at improving productivity and efficiency.
“2021 is shaping up to be an exciting year as we partner with our clients across all sectors to take advantage of the projected recovery in our markets.”
Mathieson added that CBRE is actively recruiting “in all areas” across the business and will be announcing new hires in the coming weeks.
Michael McDowall, property director of HFD Property Group, said: “With our investment in technology, people-centric design, and decision to embed sustainability throughout the building’s life cycle, we are aiming to show what property can help businesses achieve in Glasgow, Scotland, and beyond, supporting them in the delivery of their own sustainability and wellbeing targets.”
177 Bothwell Street is set to be the city’s largest single office building. It is the first development in Scotland to commit to the independently-verified global SmartScore certification for smart buildings. It will also be the first to receive a ‘platinum’ WiredScore rating.
Alistair Urquhart from CBRE represented the agent in the transaction, while Knight Frank acted for HFD.
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