Planning Permission has been granted for a major new office development in Glasgow.
Located in the city centre, it will contain 170,000 sq ft of Grade A commercial space, which will be priced from £23 per sq ft.
The initiative will be led by Abstract (Glasgow), which is owned by Abstract Securities.
This structure will be called St Vincent Plaza and the layout was produced by Keppie Design.
Privately-owned engineering, construction, communication and development organisation Bowmer & Kirkland has been appointed as contractor for the scheme, which will comprise of ten upper floors, a basement and a ground level, as well as 78 car parking spaces, with completion scheduled for 2013.
“In order to attract yet more big-name corporates to the city, it is imperative that Glasgow can offer high-quality ‘Grade A’ office accommodation at an achievable cost,” chief executive of Abstract Securities Mark Glatman said.
It is understood the price for this commercial space is “significantly undercutting” the offerings in the rest of the city.