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DWP joins tenants at flagship site

Atlantic Quay secures second public sector tenant

Atlantic Quay

Atlantic Quay has secured a second major public sector letting


A flagship office development in central Glasgow has secured its second big public sector tenancy in recent months.

The Department For Work and Pensions is taking 85,000 sq ft at Atlantic Quay 1 on the waterfront.

This follows the long lease of 80,000 sq ft to the Scottish Courts and Tribunals Services at Atlantic Quay 3. 

DWP will join a number of high profile organisations already based at Atlantic Quay Buildings 1, 2 and 3, including housebuilder Mactaggart & Mickel and Lloyds Banking Group.

Moorfield Group and Resonance Capital have secured a 15-year lease at Atlantic Quay 1.

Commenting on the second major letting since the acquisition of Atlantic Quay Buildings 1,2 & 3, Mark Holmes, head of asset management at Moorfield said: “Grade A office space is currently lacking in Glasgow City Centre.

“Moorfield has been a strong supporter of investment in Scottish real estate, and this letting further supports our ongoing belief in the strength of the Scotland occupier market.”

Angela Higgins of Resonance Capital said: “The scheme is in the right position and right location for DWP and they will take occupancy on the ground, third, fourth and fifth floors.”

Moorfield Real Estate Fund III purchased Buildings 1, 2 and 3 Atlantic Quay in September 2015 and a comprehensive refurbishment programme to revitalise the scheme will complete in 2018. 

 

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