Osborne+Co has gained planning consent from Glasgow City Council for a £140m development on Argyle Street.
The overall site, which has been derelict for more than 20 years, will provide around 270,000 sq ft of Grade A office space across 13 upper storeys.
Its end value is estimated to tally around £140m. The property, located in Glasgow’s International Financial Services District, has been designed by Glasgow-based architects Cooper Cromar.
Acquired by Osborne+Co and jv partners Scotsbridge Holdings in 2018, the development will see the long-neglected site connected back to the city through infrastructural improvements, including support of the Argyle Street ‘Avenues’ project and surrounding cityscape.
Conor Osborne, chief executive of Osborne+Co, said: “Glasgow is a key regional business hub recognised most notably for financial services, life sciences and renewable energy.
“We are confident that this ambitious development will help Glasgow to fulfil its full potential by attracting global occupiers looking to invest and expand their UK presence, and benefit from the skilled local workforce Glasgow has to offer.”
To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette
