The development will see the regeneration and extension of the existing 1970s office located within the heart of Glasgow’s central business district. With circa 69,000 sq ft of prime office space over seven floors, planning permission is being sought to create 152,000 sq ft Grade A office accommodation over 10 stories. Plans include a new basement amenity facility offering a fitted gym and yoga studio, high quality changing facilities, cycle storage and electric vehicle charging points.

Set to begin in January 2023, work will include full back to frame refurbishment, a rear extension, four additional floors and new roof terrace. The building will be refurbished to a high standard throughout working towards the highest sustainability standards to create an operationally carbon neutral building and Glasgow’s first BREEAM outstanding office. Completion is expected in 2025.

Gill Kirkness, regional director at Thomas & Adamson, said: “150 St Vincent Street will bring high quality contemporary Grade A office space to Glasgow city centre, with sustainability and collaborative working at its heart. The development is in a prime position offering the best-in-class environmentally aware workspace and will be a welcome boost to the city.”

T&A was appointed by Clearbell Property Partners IV, a fund managed by Clearbell Capital LLP, which purchased the building from a fund managed by PineBridge Benson Elliot earlier this year.

Nick Berry, partner at Clearbell Capital, added: “Quality workspace in the right areas continues to attract tenants and to generate good rental income. Glasgow has long been a centre for business and is bouncing back from the impact of the pandemic. As well as improved office space that allows collaboration and connection, tenants are demanding strong ESG credentials too. With the renewed impetus of COP26, pressure on landlords is ramping up to deliver greener buildings than ever before. We are seeking to create one of Glasgow’s most sustainable office spaces and to create a workplace for the occupiers of the future.”