Mark Glatman’s Abstract has completed another deal at its St Vincent Plaza development in Glasgow by letting the entire retail offering in the building to Coffee Republic.
Coffee Republic is a leading coffee and fresh food chain with 25 outlets in the UK and a further 18 worldwide.
The retail space comprises a unit of 2,136 sq ft sq. ft. which is being taken on a new 10 year lease. It is envisaged that fit out work will begin shortly in advance of occupation in early 2017.
St Vincent Plaza is a speculative ‘Grade A’ office development of 172,272 sq. ft. arranged on lower ground, ground and 10 upper floors, which was completed late in 2015. The building is in a prominent position close to major transport routes in the centre of Glasgow and is now the new headquarters for KPMG in the City as well as Whyte and Mackay and Registers of Scotland.
With a BREEAM ‘Excellent’ environmental accreditation, the development provides the most cost effective new build city centre office accommodation anywhere in the UK.
Christopher McPherson, Development Director of Abstract said, “Coffee Republic is a welcome addition to St Vincent Plaza. We already have a significant amount of people working from the building and the quality coffee and food offering provided by Coffee Republic will be very complementary to the wider tenant experience. This part of Glasgow City Centre continues to expand with completion of the new Scottish Power HQ opposite us last week and the first of 1,850 staff expected to start moving into the building imminently. The letting to Coffee Republic is a further demonstration of the growing strength of this part of the City.
Interest levels remain strong in the remaining floors in the building. Our current occupiers have been attracted to St Vincent Plaza by the quality of space, competitive pricing point and first class transport connections. There will be no new office schemes delivered in Glasgow in the foreseeable future and we remain one of very few options for occupiers looking for new space in the City Centre’’
Joint agents for St Vincent Plaza are CBRE and Ryden.
Colliers International represented Coffee Republic.
For more information visit www.stvincentplaza.com
Image shows: St Vincent Plaza
Notes to Editor:
The Abstract Group of Companies was established in April 2000 by Mark Glatman, The management team at Abstract brings together combined experience of over 7 million sq ft of business space development across the UK and Europe. The team is highly experienced at working directly with major property owners and corporate end users, handling all aspects of their property requirements. www.abstractsecurities.com