New tenant signed up
Software firm moves to Finnieston block
Gold Standard Simulations, which was acquired by Californian software giant Synopsys in May, is taking 3,000 sq ft on the second floor, on a 10 year lease at a rental of £16 per sq ft.
The company was set up in 2010 by Professor Assen Asenov as a spin off from Glasgow University, with £720,000 seed funding and support to commercialise more than 20 years of research.
It has developed software that enables the semiconductor industry to improve the speed and power of the transistors that fuel consumer devices like mobile phones and computers.
Letting agent Fergus Maclennan of Cushman & Wakefield, which is jointly marketing the building with Lambert Smith Hampton said: “It is great news for Glasgow that such a large global software firm is investing heavily in the top talent and capabilities which Scotland can offer the global semiconductor industry.”
Synopsys is the fifth company to lease space in the building– owned by Squarestone Growth –since the beginning of the year and follows the arrival of Spencer British Engineering, Handelsbanken, Phonesmart and Castlight Financial.
Paul Coulter of Squarestone Growth added: “We are delighted to welcome a prestigious international company like Synopsis to our building. Since acquiring the building late last year we have worked closely with our agents and tenants to deliver Grade A office space on flexible terms. We continue to experience strong levels of demand.”