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HF Developments Set New Headline Rent in Glasgow On
a damp Friday afternoon, a handshake on a Glasgow roof-top secured G1 Glasgow's
first tenant. At an exclusive ceremony on January 30th, G1 Glasgow topped out,
with Development Director Stephen Lewis indicating that an announcement on the
first occupier was imminent. What the assembled guests were unaware of,
was the fact that the tenant was amongst the party. HFD are delighted to announce
that leading construction and international property consultancy Gardiner &
Theobold have signed a deal to occupy the first floor of the building, setting
a new headline rental in Glasgow of £29.50 per sq ft. Gardiner &
Theobold expect to be in occupation in their 12, 314 sq ft office in October.
Garrie Renucci, partner at G&T, commented "Our commitment to quality
of service that we provide to our clients, and providing the best working environment
for our staff, is reflected in our choice to locate at G1. "Despite
the current economic climate G&Ts commitment to G1 represents our confidence
in both the outstanding quality of the building, superb location and our position
in the Scottish market. G1 Glasgow is the best location for our business to flourish." Stephen
Lewis added "Gardiner & Theobold's involvement from the outset of the
development has given them a detailed understanding of what G1 Glasgow represents.
We are delighted that their association with the building will continue long past
completion.
"We have always maintained that G1 will provide the best
accommodation in Glasgow, which is reflected in the new headline rental achieved.
We look forward to welcoming Gardiner & Theobold, and other high quality occupiers,
when the building is completed later in the year."
Ends Notes
to Editors: G1 Glasgow 1.
G1 Glasgow is a £70m re-development , involving the demolition of all but
the three external, Grade A listed walls, with a new building constructed behind
the facade
2. The new building incorporates basement car parking along with
a further four storey glass roof extension
3. On completion the building will
provide 130,997 sq ft of office accommodation
4. G1 will set the benchmark
for quality office accommodation in Glasgow
5. The new G1 Glasgow website has
now been launched: www.g1glasgow.com
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