Latest letting for Abstract
Registers ready to move to St Vincent Plaza
Property developer Abstract as secured another high profile tenant for St Vincent Plaza in Glasgow. The recently-completed building will be the new base in the city for Registers of Scotland (RoS), a non-ministerial government department.
It follows recent lettings to whisky firm Whyte and Mackay and the big four accountancy firm KPMG.
RoS will relocate from Hanover House in Douglas Street and will take the entire third floor of the development comprising 17,294 sq. ft. on a new 15 year lease which began last month.
It is envisaged that fit out work will begin shortly, with RoS moving in during the second half of the year.
St Vincent Plaza is a speculative Grade A development of 172,280 sq. ft. over 11 floors, that was completed last year.
Sheenagh Adams, Keeper of the Registers of Scotland, said: “This is a fantastic office space that will bring us significant improvements – the space is more flexible, and will reduce our carbon footprint by more than 50 per cent. This new space will support our digital transformation, helping us to deliver the products and services that Scotland needs from RoS.”
Christopher McPherson (right), development director of Abstract Securities, said, “The letting to Registers is a further positive endorsement of this development. We have let almost 75,000 sq ft in the last few weeks and interest levels remain strong.
“There is a lot of talk about new schemes in Glasgow but no-one is actually building.”
Joint agents for St Vincent Plaza are CBRE and Ryden. Cushman & Wakefield represented Registers of Scotland.