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Bellpenny chooses Glasgow for Scots base

Wealth manager Bellpenny is opening an office in Glasgow, its sixth  in the UK, after acquiring a number of business in the city’s financial services sector.

It will move 20 staff into 180 West George Street which will become its Scottish base. A five-year lease has been agreed for the 6,771 sq ft ground floor suite at £17 per sq ft.

Bellpenny achieved £1 billion in funds under management (FUM) just a year after opening for business and currently has passed £2.5bn.

The Glasgow office has been acquired by commercial property consultancy Lambert Smith Hampton whose associate director for business space, Aasia Mohammad, said: “The Central Business District location, suitable suite size and high quality specification on offer of the ground floor made it an attractive option.”

Dawn Pearce-Herzberg, operations director of Bellpenny, said: “The space is absolutely ideal for us as it also has suitable areas to accommodate visiting clients. And, crucially given our ambitious expansion plans in Scotland, it gives us plenty of flexibility and room for future growth.”

The landlord was represented by Cushman & Wakefield and Ryden.

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