New pre-let at Picton’s 180 West George Street reinforces post-covid office space demand in Glasgow
Following the successful refurbishment and letting of the 1st floor at 180 West George Street in Glasgow, Picton has now pre-let the 5th floor to Frazer-Nash Consultancy, which will occupy the 7,500 sq. ft. space on a 10-year lease.
Picton is currently undertaking a full refurbishment of the 5th and 6th floors to create market-leading Grade A office suites, which will both benefit from dedicated, newly created south west facing roof terraces. The work is expected to complete in March 2022.
Tim Hamlin, Director of Asset Management at Picton, commented on this transaction:
“Our aim is to provide quality office and amenity space which delivers on modern occupier requirements. We are thrilled to welcome Frazer-Nash to 180 West George Street.”
Gillian Giles, Offices Agency Associate at Ryden, also added:
“This new letting reinforces our beliefs that excellent office accommodation in the right location will continue to attract high quality occupiers.
“We even moved into legals with the new occupier before work had begun, highlighting how businesses are continuing to seek quality office accommodation for their employees who wish to be office based.”
Refurbishment of the upper floors will complete in March 2022 with the 6th floor (5,800 sq. ft.), currently available.
Ryden acted on behalf of Picton in this transaction, whilst Lambert Smith Hampton represented Frazer-Nash Consultancy.
John Devlin, Director at Frazer-Nash, added:
“It’s an exciting time for Frazer-Nash and we’re delighted to be moving to such a well-resourced office in a great location.”
Emily McVicar, Office Agency at Lambert Smith Hampton, concluded:
“LSH are delighted to have acted on behalf of Frazer-Nash Consultancy in acquiring their new office space at 180 West George Street, Glasgow.
“We hope that with more staff returning to offices as restrictions are eased, this will increase demand for offices throughout 2022.”