After successfully securing a 15-year lease on the premises, the Department for Work and Pensions have announced a move which will see them joining existing occupiers including the Scottish Courts and Tribunals Services, housebuilder Mactaggart & Mickel, and Lloyds Banking Group at the Atlantic Quay business community in Glasgow’s city centre.

Atlantic Quay Buildings 1, 2 and 3 were purchased by Moorfield Real Estate Fund III back in September 2015, and the group soon set about transforming the premises in order to provide Glasgow with much needed Grade-A office space. This comprehensive refurbishment scheme remains ongoing, with completion scheduled for later this year.

The letting, as with previous deals, was secured by Moorfield Group (Moorfield) and Resonance Capital.

Mark Holmes, Head of Asset Management at Moorfield, said, “We are delighted to have secured yet another Government backed, long-term lease for Atlantic Quay. This letting further endorses Atlantic Quay as location of choice for high quality, ‘Grade A’ office space that is currently lacking in Glasgow City Centre.

“Our design focused refurbishment, together with the full range of concierge services and events program that we implemented has ensured that the Atlantic Quay Buildings continue to be an excellent option for high quality tenants. Moorfield has been a strong supporter of investment in Scottish real estate, and this letting further supports our ongoing belief in the strength of the Scotland occupier market.”

Angela Higgins of Resonance Capital also commented, “We look forward to welcoming the Department for Work and Pensions to Atlantic Quay 1. The scheme is in the right position and right location for DWP and they will take occupancy on the ground, third, fourth and fifth floors. We have worked very closely with them to offer a unique office space that will meet their specific needs.

“Atlantic Quay Buildings offers its tenants a contemporary business community with amenities such as a prescription delivery service, art exhibitions that support local talent and social and fundraising events for our many charities.”


Sam Bonson

Sam is an aspiring novelist with a passion for fantasy and crime thrillers. He is currently working as a content writer, journalist & editor as he continues to expand his horizons.
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