Glasgow’s Atlantic Square development, an ambitious project being carried out in a joint venture between BAM Properties and TCP Developments along with LGIM Real Assets, finally looks set to be realised as the group have announced that works on the new building will begin in March of 2018.

The Atlantic Square development will provide approximately 284,000sq ft. of grade-A office space, with 187,000sq ft. already set aside to house a new government hub. Development of the aforementioned government space will be funded by Legal & General Retirement, with BAM TCP Atlantic Square funding the remaining 97,000sq ft.

HMRC have already signed a formal deal on their 187,000sq ft. of space which will see them based at Atlantic Square for the next 20 years, save for a drastic move. This space is expected to accommodate approximately 2,700 full-time equivalent employees by the year 2021.

The funding provided by Legal & General is in fact crucial, as it is this investment that has now allowed works to commence on the two-building development. Designed by concept architects Cooper Cromar, the buildings will be constructed by BAM Construction. Building 2, on which speculative development has also begun, is expected to be complete and ready for occupation by 2020.

BAM Properties’ Managing Director, Dougie Peters, said of the development project, “We are delighted to be working with LGIM and HMRC on this grade-A office development which will become one of 13 state-of-the-art regional centres for HMRC. Simultaneously, the BAM TCP Joint Venture is speculatively developing Building 2 at Atlantic Square because we believe there is a high level of demand in Glasgow for premium office space.”


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.
Share To:

Unknown

Post A Comment:

0 comments so far,add yours