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Three lettings for Glasgow’s Mercantile building

MercantileA series of lettings have been announced for a refurbished building in central Glasgow.

Televerde, the America-based marketing and sales solutions provider, has leased 4,478 sq ft at the Mercantile Building, Bothwell Street, for its new European headquarters.

This will function as a multi-lingual European contact centre.

RPS Environmental Management has leased the 4,998 sq ft for its joint venture operation with Atkins, known as ARC JV, to service a contract for Scottish Water.

Planning and development consultancy, Iceni Projects, has taken space as its first office in Scotland. 

Tim Jacobsen from letting agent Ryden said the units had been let at rents from £14.50 per sq ft.

Acting as asset manager on behalf of TH Real Estate, James Birkett of Mendip Capital and Grant Scrimgeour of Denwolf, said: “The building has seen a dramatic transformation since MRC Pension Trust acquired it in 2013 with an extensive £2m refurbishment programme, both internally and externally.

“Around 25,000 sq ft of office space has been let since acquisition and following this success with the third floor we will now commit to refurbishing the final vacant area. The 10,000 sq ft fourth floor has sub-divisible potential and will be renovated to an excellent specification.”

RPS Environmental Management was represented by Carter Jonas, Televerde was represented by Macbeth Property Consultants and Iceni Projects was represented by Phil Reid Associates.

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