Planning Consent for New Office Development

07 Feb 2012

Abstract (Glasgow) Ltd has secured planning consent for its speculative 170,000 sq. ft. 'St Vincent Plaza' development in Glasgow's IFSD.

The 'Grade A' development, at 303 St Vincent Street comprises basement, ground and ten upper floors together with 78 car parking spaces. It will offer floorplates of 17,000 sq ft, and feature penthouse level with terrace, designed to BREEAM 'Excellent' standard and EPC 'B' plus rating.

The development is likely to be one of the only speculative office schemes of its size in the UK, priced from £23 per sq. ft

Construction will commence shortly and is due for completion towards the end of 2013.

Abstract's Development Director, Christopher McPherson, said: "We are very pleased to announce we now have planning consent for St Vincent Plaza and can realise our vision of creating an extremely high 'Grade A' specification development in Glasgow's IFSD. Our scheme will be one of the key elements in the next phase of the IFSD and will help to attract high-profile occupiers to the city, which in turn means more local employment and growth for Glasgow."

The scheme has been designed by Glasgow-based Keppie Design. CBRE will market St Vincent Plaza.

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