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HFD secures BNP Paribas for Glasgow office prelet

BNP Paribas has struck a deal to move its Glasgow operations to HFD Group’s 177 Bothwell Street office scheme. 

The firm will relocate more than 200 staff based across the city into the first floor of the 20,624 sq ft building. The development is expected to complete in Q4 this year.

The latest deal means that three floors remain vacant at the 313,000 sq ft scheme. Virgin Money has prelet 50% of the building for its new headquarters, while HFD Group’s serviced offices business will operate from another two floors.

The building was the first Scottish property to commit to achieving the new SmartScore accreditation for smart buildings. It is also the first development in Scotland to achieve a ‘Platinum’ WiredScore certification.

HFD intends for the building to produce zero carbon emissions by going fully electric with 100% renewable power, while targeting an EPC rating of ‘A’ and BREEAM ‘Excellent’ standard. It will also feature a rooftop terrace and running track, 318 cycle spaces, electric vehicle charging points and “touch-free” technology.

Stephen Lewis, managing director of HFD Property Group, said: “Securing another tenant of BNP Paribas’s quality is further demonstration of how 177 Bothwell Street has been designed to exceed occupier requirements.

“We have worked hard to ensure that occupiers are at the heart of what the building is about, through a wide variety of initiatives – whether it is minimising 177 Bothwell Street’s carbon footprint or maximising natural day light for the people working there.”

Gary Cameron, head of Scotland at BNP Paribas Real Estate, said: “As we exit the pandemic and return to the office, we must embrace new ways of working.”

He added: “The move reaffirms the group’s commitment to Glasgow, and this best-in-class asset is aligned with our plans for the next chapter of BNP Paribas in Scotland.”

Knight Frank and CBRE represented HFD Property Group, as its joint letting agents on the development. BNP Paribas Real Estate represented BNP Paribas.

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Images courtesy of PR

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