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HFD sets new headline rent for Glasgow offices

177 Bothwell street
177 Bothwell Street is the city’s largest multi-occupancy development

Property company HFD Group has established a new headline rent in Glasgow of £40 per sq ft after confirming the relocation of most of its staff into its flagship new building in the city centre.

The rent at 177 Bothwell Street is a significant increase on the previous high of £35.25 per sq ft and will be seen as a vote of confidence in the 315,000 sq ft development, the largest multi-occupancy office building in Glasgow.

It has already secured high profile tenants, including AECOM, BNP Paribas, CBRE, Virgin Money and the government agency Transport Scotland.

HFD announced three years ago that it was taking 60,000 sq ft at the building and today confirmed it will occupy the top floor as its new HQ, while the operational businesses will remain at Strathclyde Business Park.

A highly sustainable office development, 177 Bothwell Street’s energy is supplied by Blantyre Muir Wind Farm in South Lanarkshire, ensuring it is 100% renewable from an identified local source. It is also targeting an EPC rating of ‘A’ and BREEAM ‘Excellent’ standard. 

The building is the first Scottish property to commit to attaining the new SmartScore accreditation for smart buildings and has already achieved a ‘Platinum’ WiredScore certification, a standard recognising that future occupiers will have the best connectivity available.

177 Bothwell Street will also feature a rooftop terrace and running track, 318 cycle spaces, electric vehicle charging points, and touchless technology throughout the building.

Stephen Lewis, managing director at HFD Property Group, said: “It is the strongest possible testimony for other occupiers when the developer of a property is also located in the building.

“This move demonstrates that we truly believe that 177 Bothwell Street is the best office development in Glasgow and we are committed to what we said we would achieve at the building, as well as the sustainability of our own business.”

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