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A New Waterfront Development in the Centre of Glasgow

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A New Waterfront Development in the Centre of Glasgow Indicative image only A new waterfront development in the centre of Glasgow Development opportunity from Glasgow is a highly attractive inward investment location for leading international financial services companies. IFSD WASHINGTON EXCHANGE - A MAJOR PRE-LET WATERFRONT DEVELOPMENT OPPORTUNITY IN THE CENTRE OF GLASGOW Over the last 20 years, Glasgow’s Broomielaw area (next to the River Clyde) has undergone significant regeneration and public realm investment. This has seen it mature as a business location within the city’s International Financial Services District. Home to thousands of office occupiers, a wide range of professional, government and financial services businesses have chosen to locate in the area attracted by the many top quality buildings which have been developed. With the new riverfront walkways and public areas, the pedestrian bridge over the river, planned restaurant development and potential arrival of the new Fastlink public transport system, the area looks forward to further evolution and progress. Glasgow is one of the UK’s major cities and further details on its attractive lifestyle offer, education, grant support and other background information can be found by accessing www.ifsdglasgow.co.uk Find out more about locating to the IFSD district of Glasgow A stylish, cosmopolitan centre with something for everyone; Glasgow is one of Europe’s great cities. IFSD WASHINGTON EXCHANGE - Many major inward investing companies have moved GLASGOW - A GREAT PLACE FOR in and then grown their operations attracted by the availability of a skilled and loyal labour pool, further GLOBAL TALENT, TECHNOLOGY boosted by a strong supply of graduates from the AND SKILLS city’s world renowned universities. Glasgow is Scotland‘s largest city and a great “Glasgow is home to the University of place to live and work. Its half hour drive population Strathclyde, the Times Higher UK University of catchment area of well over 1 million people, the Year. Strathclyde is a leading, international supports a vibrant retail and central business technological university that attracts students district. In addition to a massive expansion in from 100 countries, has a global community of the retail and leisure offering, the city has seen over 150,000 graduates and attracts £42.5m in major growth in its office stock through phases of annual research income. Strathclyde has development in the traditional core and the new extensive research, innovation and skills corporate buildings in the Broomielaw area down collaborations with global, leading-edge to the River Clyde. technology, energy and engineering companies: JP Morgan, Weir Group, Rolls Offering a fantastic quality of life and a friendly Royce, Boeing, GSK, Astra Zenica, Scottish culture, the city has a wide range of Scottish and Power/Iberdrola, SSE, Babcock, BP, Wood international service sector and financial services Group to name but a few. companies. Glasgow’s central business district continues to evolve as the economy broadens, At Strathclyde we are investing over £350m to whilst the city also continues to attract major transform our campus, teaching and research commercial property development investment infrastructure to meet our aspirations to grow typified by the two major speculative office schemes and service the opportunities presented by at 110 Queen Street and One West Regent Street. Glasgow and the global market. The city has boosted its profile and targeted a Come join us in Glasgow - a great place to invest.” wide range of financial services occupiers over the last ten years through the now well established Professor Sir Jim McDonald, Principal and Vice International Financial Services District (IFSD). Chancellor, University of Strathclyde, Glasgow TOP FACTS YOU NEED TO KNOW Glasgow International Airport handles around ABOUT GLASGOW seven million passengers a year and serves around 90 destinations worldwide. Glasgow is Scotland’s economic powerhouse. The city attracts 2.3 million visitors every year It generates more than £13 billion gross value who generate £595 million for the local economy. added (GVA) to the nation every year. Glasgow is the UK’s shopping capital, enjoying a reputation as the largest and most successful The city has a thriving international business retail location outside the West End of London. community and is home to global brands such as JP Morgan, Morgan Stanley, HSBC, Tesco Bank, Glasgow is a top 10 European financial centre Barclays Wealth and Dell. and is ranked 33rd in the world - Global Financial Centre’s index 2011. A host of world class hotels have already made their homes here including Hilton, Marriott, Radisson Blu, Holiday Inn, Hotel du Vin, Citizen M and Malmaison. Glasgow outperformed key European cities in 2011, including Hamburg, Barcelona, Rome, Dublin, Vienna, Prague and Copenhagen, with an average occupancy rate of 74.9%. Glasgow is hosting the 2014 Commonwealth Games, firing the starting gun for major development in and around the city. Over the past seven years, conference business has been worth £827 million to Glasgow’s economy, equating to three million delegate room nights, which has helped transform the city into Scotland’s conference capital. £3.5 billion has been spent or committed since 2003 by the public and private sectors in the Clyde Waterfront area. WASHINGTON EXCHANGE - Walking times from Washington Exchange to A RIVERSIDE VISTA WITH local amenities ALL THE AMENITIES OF A Central Station 11 mins CITY CENTRE LOCATION Queen Street Station 21 mins The next area for development is this West Broomielaw zone which lies just immediately Cadogan Street Car Park 5 mins adjacent to earlier major developments but still firmly within the core central business district. Q Park Car Parking 5 mins Already anchored by the very substantial Pentagon Centre, the existing Kentigern House Menzies Hotel (4 star) 2 mins office building occupied by Ministry of Defence and the Menzies hotel, this location offers Drive times to airports development potential and an opportunity for an occupier to locate in a new facility where their Glasgow International Airport 14 mins staff will enjoy all the public transport links and renowned retail and leisure facilities Glasgow’s Glasgow Prestwick Airport 40 mins city centre has to offer. View a short video about Clyde Waterfront’s regeneration of the clyde. Indicative image only WEST GEORGE STREET ST. VINCENT STREET BOTHWELL STREE T T E D STREET WA O RE TERLOO STREET T S L STREET D L E FI YTHESWO N J19 E ET BL R E R GO R DON STREET CADOGAN STREET WEST CAMBEL LINGTON STREET DOUGLAS ST L ET RE WE T S E CENTRAL ARGYLE P O S STAT STREET T ION REE H T N IO NORTH STREET N U T M8 E N STREET RE SHINGTON STREET TT STREET ST OW WA WA BR RK YO McALPINE STREET LD STREET JAMES WA BROOMIEL CARRICK STREET AW OS ROBERTSON STREET B ROOMIELA W RIVER CLYDE Not to scale 19 13 H Central Station 18 14 P H P 15 12 8 H P 10 9 17 11 H 7 15 6 5 16 4 H 3 2 Anderston 1 Station Tradeston Bridge River Clyde M8 to Glasgow Airport & Edinburgh Kingston Bridge Not to scale 1 ACE European Group 8 Scottish Qualifications 15 Teleperformance Authority 2 WS Atkins 16 Ministry of Defence 9 Lloyds TSB 3 Scottish Government 17 Scottish Ministers 10 ATOS 4 BT 18 AON 11 Macroberts Solicitors 5 AXA Insurance 19 Barclays PLC 12 BDO Stoy Hayward 6 Scottish Power H Hotel 13 NFU 7 Clydeport P Parking 14 Esure “Fastlink” and existing bus route The Clyde is being transformed into a very attractive, highly skilled, well connected and cost competitive location. WATERFRONT EXPO WASHINGTON EXCHANGE - Development is also planned on the neighbouring DEVELOPMENT OPPORTUNITY IN cleared development sites and this offers up the potential for phased development with altered THE INTERNATIONAL FINANCIAL public street layouts, etc. SERVICES DISTRICT (IFSD) The site extends to approximately 1.69 acres “The City Council welcomes this latest city (0.68 hectares). centre waterfront offering and believes that the joint marketing approach of both Planning Background unique sites will result in an outstanding Over recent years a number of redevelopment development opportunity for the IFSD”. schemes have been promoted for this site, some involving tower developments and major Tom Turley, Assistant Executive Director, international hotels. Although the economic Development and Regeneration Services, downturn post 2008 has precluded any of Glasgow City Council. these concepts from being realised, the city and the site owners still hold to this vision The Opportunity at Washington Exchange for development. Glasgow City Council will Recognising this site’s almost unique development welcome any party seeking to undertake major potential, Marlebone Ltd and Scottish Enterprise development at this location, particularly a major have combined forces to promote this substantial occupier or hotel operator. highly visible riverfront site to major users and occupiers on a pre-let basis. An indication of the site’s flexible potential can be seen in the images within this brochure and by the The Site fact that the 65 Washington Street portion alone Comprising half an entire city block, the subject has outline planning consent for 250,000 sq ft of property lies just to the east of the M8, Kingston Grade A Office space, 20,000 sq ft of retail and Bridge and south of Argyle Street, one of the city’s 25 apartments main access roads from the Clydeside Expressway. With approximately 70 metres of river frontage onto the Broomielaw, the site is bounded by Washington Street, the Broomielaw and McAlpine Street. PENTAGON BUILDING BROOMIELAW Not to scale Indicative image only WASHINGTON EXCHANGE - A UNIQUE DEVELOPMENT OPPORTUNITY All pre-let, office and mixed use enquiries for the site are welcomed and partnership development on a phased basis will also be considered. The site has vast and exciting potential as part of Glasgow city centre.
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