HSBC signs for 55,000 sq ft at Scotland’s Maxim Park

HSBC has finalised a deal to move into 54,797 sq ft at Shelborn Asset Management’s Maxim Park, near Glasgow. The bank will occupy three floors at Maxim 4 next year, in what is one of the largest office lettings to transact in Scotland in recent years. Shelborn Asset Management, which bought the 760,000 sq ft Maxim Park from Cerberus in 2018, is upgrading the building as part of the 10-year deal, to provide HSBC with an all-electric, EPC A-rated office. As is the case with several buildings on the park, Maxim 4 was originally constructed to a shell finish, so Shelborn is overseeing a CAT A fit-out programme in addition to enhancements including bespoke ground-floor nursery provision. Earlier this year, Barratt Developments announced plans to relocate its West Scotland team to Maxim Park after 17 years at Buchanan Gate in Stepps on the outskirts of Glasgow. The housebuilder, which incorporates Barratt Homes and David Wilson Homes, signed a 10-year lease for 9,000 sq ft on the third floor of Maxim 7. Over the past five and a half years, tenants signing for space at the office park have included LumiraDX, Aureum Diagnostics, TClarke, Linear Group and Sartorius. Caroline Baillie, Maxim’s director of park services, said: “We are looking forward to helping HSBC and its people settle into their new surroundings with the help of our packed and varied events schedule, which includes professional development workshops, charity initiatives, drive-in cinema listings and a range of health and wellness activities.” Colin Mackenzie of MC2, joint letting agent at Maxim Park alongside CBRE, said: “The park’s accessibility, prominence from the M8 motorway and overall amenity offer were all key attributes we were able to offer to HSBC. Shelborn’s ability to deliver a full turn-key package is a rare commodity and very attractive for occupiers searching for highly efficient office space.” CBRE acted for HSBC. Photo © McAteer