18 June 2015
Abstract (Glasgow) Ltd today (18 June) launches St Vincent Plaza in Glasgow, one of the UK's largest and most cost-effective speculative office developments.
Today's launch is marked with a unique photography exhibition entitled 'The team that built St Vincent Plaza'; a striking series of portraits of the men and women involved in designing, building and project managing the scheme, as well as a fascinating collection of detail images from throughout the building. The photographs are by Glasgow photographer, Iain McLean.
St Vincent Plaza is a landmark development, located on St Vincent Street within the International Financial Services District (IFSD) and opposite the new HQ for Scottish Power. Set for a shell and core completion on 29 June 2015 with the handover of a ‘Category A’ fit-out in September, it will have an end investment value of £75m and be able to accommodate up to 2,600 staff. Rents from just £23 per sq. ft. are significantly lower than standard headline rents in the City, making St Vincent Plaza considerably more cost-effective than other Glasgow 'Grade A' schemes, both in terms of rent and occupational costs.
Mark Glatman, Chief Executive of Abstract, said: “Today's launch of St Vincent Plaza marks our completion, on time and to budget, of our first development in Glasgow, which is also one of the largest and most cost-effective in the UK. Our scheme represents a superb opportunity for occupiers - whether local or from further afield - to take space in the City at rents from only £23 per sq. ft. in London-quality space, as our competitors' rents are significantly higher and the Glasgow pipeline is fast diminishing.
“To launch St Vincent Plaza we not only wanted to showcase the building itself, which is built to an exceptional specification, but to recognise the men and women who have worked tirelessly to create this scheme. The many teams involved are represented throughout the series of portraits, which is an unusual opportunity to look beneath the skin of a building and at the people who are behind it. We are proud to have built St Vincent Plaza in Glasgow, which is a thriving and hard-working city, and to have worked alongside the teams and companies that are represented by this exhibition.”
St Vincent Plaza delivers an extremely high specification and comprises a lower ground, ground and ten upper floors of office space together with 78 car parking spaces. The building offers flexible, virtually column-free floorplates of 17,000 sq ft; a feature penthouse office level with terrace, and some of the best views in the City. It has been designed to a BREEAM ‘Excellent’ standard and an EPC 'B' rating and provides some of the most efficient and environmentally friendly office accommodation in Glasgow.
In addition, Abstract is creating a new £1.2m landscaped public space that will link William Street to St Vincent Street, improving access to the IFSD and all that the City Centre has to offer.
Just minutes' walk from both Charing Cross and Anderston train stations, St Vincent Plaza will also offer immediate access to the M8 and to Glasgow Airport just 15 minutes away, as well as several bus routes and is within easy walking distance from Glasgow's main retail and leisure zones.
The scheme has been designed by Glasgow-based Keppie Design. Bowmer & Kirkland is the main contractor. CBRE and Ryden are jointly marketing St Vincent Plaza.
Photograph shows: St Vincent Plaza Please visit www.stvincentplaza.com
Notes to editors:
The Abstract Group is one of the most active office developers in the UK and has one of the largest office development programmes of any developer outside of Central London. Abstract is also developing 110,000 sq. ft. close to Gatwick Airport which it has recently prelet to Virgin Atlantic for its new headquarters, as well as Phase 2 of Aberdeen International Business Park. Besides these it is also working with the Carlyle Group on the re-development of the former Colgate factory, now named Soapworks in Salford where it has just announced a 106,000 sq.ft. letting to Talk Talk and further lettings totalling 81,000 including to the Home Office.