LISTEN: Bilfinger GVA predicts says than 1.2m sq ft of offices is under construction in Glasgow and a further 33m sq ft has planning permission after launching its new development map.
The BGVA development pipeline map summarises the key opportunities in the city centre for development as well as the peripheral areas around Glasgow.
Alison Taylor, head of business space Scotland at Bilfinger GVA, said: “This is extremely important in order to stimulate new investment in both the creation of new buildings and the refurbishment of existing ones.
“We require buildings of the future for the occupiers of the future. Investment in property is required to allow Glasgow to compete in a European context for world class jobs.”
She added: “While some people are somewhat risk-averse at the moment for macro-economic reasons, this is actually an opportune time for developers, in particular, looking to invest in Glasgow.
“There is a strong level of demand for grade-A office space in a climate where we are heading towards a supply shortage. The growing trend for alternative uses for existing buildings in the city centre such as hotels and student accommodation has exacerbated the pressure on stock, while space available in recently completed developments has been snapped up quickly.”
Paul Broad, of Bilfinger GVA, talks about how Glasgow is ripe for investment:
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