Glasgow triple-floor office deal is largest letting since March's lockdown

Glasgow city centre has witnessed the biggest office property letting sealed since March’s lockdown.

Tuesday, 13th October 2020, 10:53 am
Updated Tuesday, 13th October 2020, 10:53 am
The lower section of the landmark office development at 310 St Vincent Street in Glasgow city centre. Picture: McAteer Photography
The lower section of the landmark office development at 310 St Vincent Street in Glasgow city centre. Picture: McAteer Photography

Wescot Credit Services has signed up to occupy three floors of 310 St Vincent Street, moving operations from its current base on the city’s Cadogan Street.

The debt collection agency is taking more than 28,000 square feet of office space across the building’s second, third and fourth floors.

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The move represents the largest single deal in Glasgow city centre since the initial lockdown commenced in March. It also means that 310 St Vincent Street is now almost fully occupied, with 8,800 sq ft on the first floor and 2,000 sq ft on the ground floor remaining.

The building is currently home to global IT and networking company Cisco, tech outfit OnScale and Lawrie IP, the patent and trademark firm.

Earlier this year, engineering firm Clancy Consultancy and fund manager MDP Capital also moved to the building, adding to the growing business community at the west end of the city centre.

Knight Frank represented Praxis Real Estate Management, while Ryden acted on behalf of Wescot Credit Services.

Richard Harrison, asset manager at Praxis, said: “Given the challenges city centre offices have faced it is a testament to the building and quality of refurbishment that Wescot committed to 310 St Vincent Street as their new home within three months of their first inspection.”

Sarah Hagen, office agency associate at Knight Frank Glasgow, added: “Glasgow’s office market is beginning to pick up again and as businesses consider their return to the workplace, they are looking for flexible, high-quality space at a competitive price point.”

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