New 27-acre satellite business district planned for Glasgow
Commercial property developer Highbridge Properties has today launched what will be a new satellite business district for Glasgow and one of the UK’s largest office parks, at the former Shawfield development in Clyde Gateway.
The development, branded Magenta at Clyde Gateway, will comprise 1.2 million square feet of office space set on 27 acres next to the River Clyde and M74 motorway network and just ten minutes from Glasgow’s city centre.
Magenta is the largest office development with planning consent in Scotland and will create a new national business district for the Central Belt. It is estimated that the development will bring at least 12,000 new jobs to the area. Clyde Gateway has invested £20m in public realm and infrastructure works to the site to ensure it is development-ready.
Highbridge has successfully developed over 13 million square feet of office and industrial space in the UK.
Adrian Hill, director of Highbridge Properties PLC, said: “When I first saw this site it reminded me of London Docklands in the early years – so much potential and so close to the city centre.
“Magenta is a very compelling option for businesses, boasting superb connectivity, infrastructure and value for money.”
Ian Manson, chief executive at Clyde Gateway, said: “This is an extremely exciting time for the Clyde Gateway area and I am delighted to have appointed Highbridge as our commercial development partner – a company with a fantastic track record in delivering high quality business parks.
“Magenta will give the local economy and employment market a phenomenal boost. It will also attract new inward investment to Scotland and stimulate economic growth.
“Neighbouring the Magenta site, Police Scotland has already seen the massive benefits of locating over 1,000 administrative, finance, and IT staff here and more and more companies are seeing first-hand why this area is such an attractive proposition for investment and the ideal location to do business.”
It is expected that, as well as office space, Magenta will support a number of shops, cafes, a gym and business centre.
Cushman & Wakefield and Savills have been appointed as joint marketing agents on the development.