St Vincent Plaza Glasgow, Abstract Securities, Spec Office Strathclyde, News

St Vincent Plaza : Speculative Office Development Glasgow

St Vincent Plaza Building - for Abstract Securities Ltd

7 Feb 2012 St Vincent Plaza Glasgow Planning Consent Granted for Abstract Securities' 'St Vincent Plaza', Glasgow CGI shows: St Vincent Plaza, which will be built at 303 St Vincent Street by Abstract (Glasgow) Ltd: image from developer Abstract (Glasgow) Ltd – a wholly-owned subsidiary of Mark Glatman’s Abstract Securities Ltd – has announced that planning consent has been granted for its speculative 170,000 sq. ft. 'St Vincent Plaza' development for Glasgow City Centre. This 'Grade A' building will offer a specification rarely seen outside Central London and will comprise basement, ground and ten upper floors together with 78 car parking spaces. The development is likely to be one of the only speculative office schemes of its size in the UK and will be priced from just £23 per sq. ft. – a significant discount on current headline rents in the city. Now that planning consent for this landmark development, located at the gateway to Glasgow's Central Business District, has been granted, site enabling works followed by full construction will start in the next few weeks. The scheme will complete towards the end of 2013. Just minutes' walk from both Charing Cross and Anderston train stations, St Vincent Plaza will also offer immediate access to the M8 as well as several bus routes and is within easy walking distance from Glasgow's main retail and leisure zones. Abstract’s Development Director, Christopher McPherson, said: "We are very pleased to announce that we now have planning consent for St Vincent Plaza and can realise our vision of creating an extremely high 'Grade A' specification development in Glasgow's International Financial Services District. Our scheme will be one of the key elements in the next phase of the IFSD and will help to attract high-profile occupiers to the city, which in turns means more local employment and growth for Glasgow.” Mark Glatman, Chief Executive of Abstract Securities, said: “Glasgow City Council has recognised that 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. St Vincent Plaza is all about offering value at a time when occupiers have to keep a very close eye on the bottom line and cannot justify heavy costs. By coming to the market with a top-quality product and quoting rentals from £23 per sq. ft. we are significantly undercutting the established Glasgow market and offering exceptional value for money as well as significantly reduced operational costs. We are offering a very rare opportunity to take 'Grade A' space that costs less than some second hand space in Glasgow.” Councillor Gordon Matheson, Leader of Glasgow City Council said:“The creation of St Vincent Plaza is another sign that private investors and developers retain a lot of confidence in Glasgow, and will be a welcome addition to our high-quality office accommodation. The confidence that firms aiming to use Grade A business space will find this an attractive location shows private investors’ faith in the city and points to Glasgow’s economic wellbeing. I wish all those involved in the project every success.” St Vincent Plaza will offer flexible, virtually column free floorplates of 17,000 sq ft, a feature penthouse level with terrace, and some of the best views in the City. The building is designed to a BREEAM ‘Excellent’ standard and an EPC 'B' plus rating. It will provide the most efficient and environmentally friendly office accommodation in the city and will be delivered into a market where available ‘Grade A’ supply has all but disappeared. The scheme has been designed by Glasgow-based Keppie Design. Bowmer & Kirkland have been appointed as the contractor. CB Richard Ellis has been appointed to market St Vincent Plaza with a second agent to be appointed duly. CGI shows: St Vincent Plaza, which will be built at 303 St Vincent Street by Abstract (Glasgow) Ltd. website: www.stvincentplaza.com

St Vincent Plaza - Context

St Vincent St Glasgow

photo : Neale Smith

St Vincent Street Building : The Pinnacle

photo © Adrian Welch

St Vincent Street : Aurora Office development

photograph © Adrian Welch

St Vincent Street Church

photograph © Adrian Welch

220 St Vincent Street

29 Wellington Street

photo © Adrian Welch

St Vincent Street Office

Bothwell St Hotel
Aedas Architects
Bothwell Street Hotel + offices

Scottish Architecture

Glasgow Architecture - Selection

Glasgow Transport Museum

picture from architect

Glasgow School of Art Competition

picture from architect

Glasgow School of Art

photo © Adrian Welch

Homes for the Future

photo : Andrew Lee

Glasgow Armadillo

photo © Isabelle Lomholt

Commonwealth Arena Glasgow

picture from architect

Marks Hotel

photo : Andrew Lee

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St Vincent Plaza Building - page : adrian welch / isabelle lomholt