Rare commitments in city market
Garment Factory signs first tenants
The Garment Factory: new tenants
Threesixty Architecture and digital services provider Incremental Group will be the first occupiers for The Garment Factory, a refurbished office development in Glasgow city centre.
Built in 1898 in the Merchant City to the designs of Glasgow architect James Thomson, it was originally occupied by J & W Campbell.
Threesixty Architecture, which has studios across Scotland, is taking the entire top floor, comprising 8,374 sq ft, on a five year lease. The firm will relocate from St Vincent Street.
Alan Anthony, managing director at the firm, said: “We have achieved considerable business success over the past few years which has led to the need to expand.”
Incremental Group, which provides digital transformation services to both the public and private sector, will occupy the whole of the fifth floor. Incremental is moving from the Tontine Building at Trongate.
The refurbishment work is being undertaken by a team which includes lead contractor ISG, project manager PMP and architect Morgan McDonnell Architecture.
It involves restoration of the original features with the introduction of contemporary finishes.
The development is being undertaken by Castleforge Partners (formerly Mercer Real Estate) which also owns 58 Waterloo Street in Glasgow.
Rachael Pittaway of Castleforge Partners said: “Our aim is to create a flagship office and leisure development in Merchant City.
“Our letting agents Ryden are currently in detailed discussions with more potential occupiers and we’ve been encouraged by the positive nature of these negotiations.”
Tim Jacobsen from Ryden, letting agent for The Garment Factory, added: “These lettings are significant pre-commitments which are rare in the current Glasgow market and therefore epitomise the appeal of the building and the area.
“Merchant City is enjoying a rise in popularity, particularly for occupiers operating in the creative industry.”
Ryden represented the developer Castleforge Partners in the transactions whilst Phil Reid Associates acted for Threesixty Architecture and Montagu Evans for Incremental Group.