Work starts on Buchanan Street office conversion
Warburg-HIH Invest Real Estate UK Ltd has commenced work on the refurbishment of 69 Buchanan Street in Glasgow.
The former business centre extends to 23,000 sq ft over 2nd, 3rd and 4th floors, with the lower floors being occupied by fashion brands Ted Baker and Hugo Boss.
The multi-million refurbishment will see the current accommodation transformed into high specification, contemporary office space complemented by state of the art tenant Wellbeing facilities and a communal roof terrace.
To further enhance the building’s offer to meet current occupier requirements, a fibre optic data connection will be provided to all floors whilst also embracing green credentials through the installation of a roof mounted vertical axis wind turbine providing common electricity to the building, a living green wall and electric car charging points in the extensive basement facility.
Commenting on Warburg’s proposals, Tim Jacobsen, partner at Ryden and joint letting agent for the building, said: “69 Buchanan Street will deliver a compelling offer in an unrivalled city centre location that benefits from retail, restaurant and hotel amenity and major public transport nodes on its doorstep. The office accommodation will be transformed into an exciting place to work with the floor plates providing an exposed ceiling finish incorporating a Grade A specification. To meet occupier demand a basement suite of cycling and shower facilities will be created along with a unique 2nd floor roof terrace with extensive outdoor seating.”
Michael Facenna, associate director for joint letting agent Avison Young, added: “With the rollout of the UK’s vaccination well advanced, we are anticipating an increased demand for office property towards the end of the year, early 2022, as occupiers plan their return to offices. 69 Buchanan Street will be ideally positioned to capitalise.”
The project will complete in January 2022 with Cosmos Projects as the appointed contractor.
Avison Young / Ryden are the appointed letting agents on behalf of Warburg-HIH Invest Real Estate UK Ltd, with Woods Associates acting as project manager alongside Xburo as lead M & E advisers.