Latest tenant for new block
Law firm takes space at 1 West Regent St
Scottish law firm Shepherd and Wedderburn is the latest to take space in 1 West Regent Street, a Grade A block in Glasgow city centre.
It will occupy the entire third floor, comprising 13,700 sq ft on a ten year FRI lease. The firm is relocating the staff and partners from its office at 191 West George Street and plans to take occupation in May, followed by a three-month fit-out period.
Stephen Gibb, chief executive, said: “We have been pretty creative at finding ways to accommodate staff and partners in our West George Street office, but the extent to which the business is growing means that we are fast running out of space.
“The additional headcount from Tods Murray, which we acquired in October 2014, and other senior hires, including a recent three-partner insolvency team from HBJ, means that staying put isn’t an option for us.
“1 West Regent Street creates room for us to grow, right in the heart of Glasgow’s business district. We are looking forward to moving in and joining many other prestigious organisations in this superb office building.”
1 West Regent St is a development by M&G Real Estate and a fund managed by Clearbell. It comprises 143,000 sq ft of floor and retail space over eleven levels.
Manish Chande, senior partner at Clearbell, said: “It is fantastic to kick off 2016 by securing yet another high profile occupier for our building. “
Alison Taylor, director at Bilfinger GVA, one of the joint letting agents, said: “Grade A stock in the city is reducing rapidly and hence a number of occupiers are bringing forward their requirements well ahead of their lease events.”
Shepherd and Wedderburn joins global engineering firm Weir Group, professional services companies Arup, FDM Group, media organisation Global, and law firm CMS as tenants. Restaurant and café chain Giraffe, the first retail and leisure operator for the development, opened on the ground level in July 2015.
JLL and Bilfinger GVA represented Clearbell and M&G Real Estate whilst CBRE acted for Shepherd and Wedderburn.
Bilfinger GVA and JLL are letting agents for the office space with CBRE and Culverwell marketing the ground floor retail units.