The asset manager manages Skypark on behalf of an institutional investor client. Work will begin early next year, subject to planning consent.

This most recent investment of more than £8 million will give the office building a new look. 

Installed in the late 1990s, the current exterior panels of the building will be replaced with a new insulated cladding system. 

This new cladding work will be delivered on non-tenanted areas including behind escape stairs, toilets, and lift cores. This will reduce energy loss and boost energy efficiency. 

The redesign will give the building a more modern look, with the colour and tone differing across its height.

Since 2018, owners of Skypark have invested in excess of £17m to upgrade and refurbish office accommodation and deliver sustainability and amenity initiatives. 

These include the decarbonisation and refurbishment of office suites, construction of Glasgow’s biggest end-of-journey cycle hub as well as a new reception and café.

Currently, almost 40 businesses are based in Skypark, with nearly 1,500 people working across the campus.

Christina Holland, asset management director, Federated Hermes Real Estate, said: “Skypark has grown into one of Glasgow’s most sought-after business addresses, and this investment will ensure that Skypark 1 keeps pace with what occupiers expect from their workspace. 

“We’ve seen through projects like NOMA in Manchester and Paradise in Birmingham how the right long-term investment in a building and its surroundings can shape an area for the better.”

Holland added: “Glasgow city centre continues to evolve at pace, and we want to ensure that Skypark contributes to this positive change.”

Stuart Patrick, chief executive of Glasgow Chamber of Commerce, said: “Skypark is an important business destination in a strategic location, and this continued investment in the campus is a strong vote of confidence in Glasgow.”