The Egg Man wrote:
The funding is in place.
"BAM Properties and the Scottish Government are investing a £50 million funding package to transform an empty building in Glasgow’s city centre into high quality retail and office space, accommodating up to 1,500 workers.
Construction work has started at 110 Queen Street - a former bank – to create 143,000 sqft of Grade A offices and 20,000 sq ft of retail space, and will help to support 250 jobs in the sector and 30 apprenticeships over the lifetime of the project.
The project, which is being developed, designed and built by BAM, will receive a £9.6 million loan from the Scottish Partnership for Regeneration in Urban Centres (SPRUCE) Fund, which has been established with Scottish Government and European Regional Development Fund money.
The nine storey office block comprises 224,266sq/ft of accommodation encased within a concave façade of curtain wall glazing - an iteration of the art deco Aurora building on Bothwell Street."
I'm told no client is in place as yet.
The first tenant has been announced. Brodies LLP.
Brodies is the Scottish headquartered law firm offering clients the largest specialist legal resource in Scotland, delivering services of the highest quality to Scottish, UK and global organisations.
With offices in Aberdeen, Edinburgh, Glasgow and Brussels, we offer legal advice to private and public sector clients in core areas such as mergers & acquisitions, business disputes, commercial property, banking & financial services, employment, pensions & benefits and trust & tax.
I hear the people sing.