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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 www.washingtonexchangeglasgow.com Indicative image only A new waterfront development in the centre of Glasgow Development opportunity from www.washingtonexchangeglasgow.com 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. www.washingtonexchangeglasgow.com 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 TOP FACTS YOU NEED TO KNOW Glasgow International Airport handles around GLASGOW - A GREAT PLACE FOR moved in and then grown their operations ABOUT GLASGOW seven million passengers a year and serves attracted by the availability of a skilled and loyal around 90 destinations worldwide. GLOBAL TALENT, TECHNOLOGY labour pool, further boosted by a strong supply AND SKILLS of graduates from the city’s world renowned Glasgow is Scotland’s economic powerhouse. The city attracts 2.3 million visitors every year universities. 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 Scotland‘s largest city and a great Glasgow is the UK’s shopping capital, enjoying place to live and work. Its half hour drive “Glasgow is home to the University of a reputation as the largest and most successful The city has a thriving international business population catchment area of well over 1 million Strathclyde, the Times Higher UK University of retail location outside the West End of London. community and is home to global brands such people, supports a vibrant retail and central the Year. Strathclyde is a leading, international as JP Morgan, Morgan Stanley, HSBC, Tesco business district. In addition to a massive technological university that attracts students Glasgow is a top 10 European financial centre Bank, Barclays Wealth and Dell. expansion in the retail and leisure offering, the city from 100 countries, has a global community of and is ranked 33rd in the world - Global has seen major growth in its office stock through over 150,000 graduates and attracts £42.5m in Financial Centre’s index 2011. A host of world class hotels have already made phases of development in the traditional core and annual research income. Strathclyde has their homes here including Hilton, Marriott, the new corporate buildings in the Broomielaw extensive research, innovation and skills Radisson Blu, Holiday Inn, Hotel du Vin, area down to the River Clyde. collaborations with global, leading-edge Citizen M and Malmaison. Glasgow technology, energy and engineering outperformed key European cities in 2011, Offering a fantastic quality of life and a friendly companies: JP Morgan, Weir Group, Rolls including Hamburg, Barcelona, Rome, Dublin, culture, the city has a wide range of Scottish and Royce, Boeing, GSK, Astra Zenica, Scottish Vienna, Prague and Copenhagen, with an international service sector and financial services Power/Iberdrola, SSE, Babcock, BP, Wood average occupancy rate of 74.9%. companies. Glasgow’s central business district Group to name but a few. continues to evolve as the economy broadens, Glasgow is hosting the 2014 Commonwealth whilst the city also continues to attract major At Strathclyde we are investing over £350m to Games, firing the starting gun for major commercial property development investment transform our campus, teaching and research development in and around the city. typified by the two major speculative office schemes infrastructure to meet our aspirations to grow at 110 Queen Street and One West Regent Street. and service the opportunities presented by Over the past seven years, conference business Glasgow and the global market. has been worth £827 million to Glasgow’s The city has boosted its profile and targeted a economy, equating to three million delegate wide range of financial services occupiers over the Come join us in Glasgow - a great place to invest.” room nights, which has helped transform the last ten years through the now well established city into Scotland’s conference capital. International Financial Services District (IFSD). Professor Sir Jim McDonald, Principal and Vice Chancellor, University of Strathclyde, Glasgow www.washingtonexchangeglasgow.com £3.5 billion has been spent or committed since 2003 by the public and private sectors in the Clyde Waterfront area. Indicative image only WASHINGTON EXCHANGE - Walking times from Washington Exchange to WEST GEORGE STREET A RIVERSIDE VISTA WITH local amenities ALL THE AMENITIES OF A Central Station 11 mins ST. VINCENT STREET CITY CENTRE LOCATION Queen Street Station 21 mins BOTHWELL STREE T The next area for development is this West Broomielaw zone which lies just immediately Cadogan Street Car Park 5 mins D STREET LD STREET O E adjacent to earlier major developments but still FI WATERLOO STREET L STREET N E R firmly within the core central business district. Q Park Car Parking 5 mins GO RDON STREET YTHESWO Already anchored by the very substantial BL ET Pentagon Centre, the existing Kentigern House Menzies Hotel (4 star) 2 mins E R office building occupied by Ministry of Defence J19 WEST CAMBEL CADOGAN STREET INGTON STREET and the Menzies hotel, this location offers Drive times to airports L ET EL development potential and an opportunity for an W RE ET DOUGLAS ST T E S R occupier to locate in a new facility where their Glasgow International Airport 14 mins E CENTRAL ST P O STATION N staff will enjoy all the public transport links and H O I ARGYLE N S T REE renowned retail and leisure facilities Glasgow’s Glasgow Prestwick Airport 40 mins T U city centre has to offer. T View a short video about Clyde Waterfront’s E NORTH STREET RE regeneration at www.clydewaterfront.com. N STREET ST TT STREET OW RK M8 WA SHINGTON STREET LD STREET BR YO WA WA OS JAMES McALPINE STREET ROBERTSON STREET CARRICK STREET BROOMIELA BROOMIELAW 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 15 7 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 www.washingtonexchangeglasgow.com 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. PENTAGON BUILDING 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 BROOMIELAW Not to scale 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. www.washingtonexchangeglasgow.com 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.
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