CURRENT PROJECTS

ST VINCENT PLAZA

St Vincent Plaza in Glasgow is the second in a new series of speculative office buildings to be developed and equity financed by Abstract.

In line with Abstract’s philosophy for its speculative office development in Croydon, St Vincent Plaza has been designed to provide top-quality, city-centre office accommodation at a highly competitive rent of £23.00 per sq ft. Having been designed to accommodate an occupational density of up to one person per 6 m², the cost of operation per workstation is significantly lower than in competing Grade A office developments in Glasgow City Centre and any other major city in the UK.  It provides very efficient and environmentally-friendly office accommodation delivered into a Glasgow office market where the supply of new Grade A offices has significantly reduced.

Construction began in the Summer of 2013 and completed in Q4 2015. This striking building provides 172,000 sq ft of Grade A office space over lower ground, ground and 10 upper floors.  A prestigious double height reception, concierge-style services and virtually column free, flexible floor plates of 17,000 sq ft with fantastic views, make this an exceptional workplace.

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THE FLORENCE BUILDING

The Florence Building is a brand new 5-storey 60,535 sq ft office development in the heart of Basingstoke, Hampshire.  It represents the fourth in a series of speculative office buildings developed and equity financed by Abstract.

With flexible internal floorplates The Florence Building will offer the lowest cost per workstation in the South East. The design targets an EPC A rating and BREEAM Excellent 2014, with low operating costs through the use of highly sustainable technologies. The building is designed for occupancy of 1:8m² with capacity to increase to 1:6m².

The interior will be finished to a full Cat A standard including air-conditioning, suspended metal ceilings, lighting and raised floors.  A contemporary reception area will feature a double-height glazed atrium space.

The site will additionally provide secure parking for 203 cars, electric car charge points and 48 secure and covered cycle spaces.

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ABERDEEN INTERNATIONAL BUSINESS PARK

Fornebuporten UK AS, a subsidiary of Norwegian investment company Aker ASA, has joined with Abstract to develop a one million sq ft Business Park on one of the most prominent sites in Aberdeen known as Aberdeen International Business Park (AIBP). 

The 40 acre site occupies the premier out of town office location, strategically situated opposite the entrance to Aberdeen International Airport and with direct access onto the newly completed Airport Link Road (ALR).

Accessibility will be transformed with the Aberdeen Western Peripheral Route (AWPR), scheduled to complete Q4 2017.

Fast road links to the Scottish motorway network allow access to Edinburgh and Glasgow within two and a half hours’ drive.

The site is being developed as a fully master planned Business Park and will accommodate up to one million sq ft of proposed development within a beautifully landscaped energy efficient environment.

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SOAPWORKS

Abstract joined forces with Nikal Ltd for a project in Salford, Greater Manchester and, as Abstract Nikal Management Ltd in a joint venture with The Carlyle Group, purchased the former Colgate-Palmolive site for a £70 million office-led regeneration project.  The 8.4-acre site, renamed Ivy Wharf, comprised existing offices, cleared production and warehouse space and approximately 800 car parking spaces. 

The existing factory building within Ivy Wharf was renamed Soapworks and is being converted to deliver over 400,000 sq ft of new commercial space, designed and consented to include contemporary office, media, hotel and complementary retail and leisure space.  It is being delivered in three phases and is well located within the Media City boundary, providing space that can appeal to both the creative industry and corporate occupiers.

The first phase, The Boilerhouse, comprising of 20,000 sq ft of office space over 5 floors, has already been redeveloped and is let to TalkTalk, a major Telecoms Group. This first phase also included the creation of a new public realm at Soapworks, including a new ‘Green Link’ public route through the site between the Ordsall Estate and the Manchester Ship Canal.

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