December 5, 2012
Redevco UK has signed its first tenant following the launch of the refurbished George House office building in Glasgow
Redevco has announced the first post refurbishment letting at its 100,000 sq ft office building, George House in Glasgow. The building which was recently the subject of a £6.9m refurbishment and was officially launched in September of this year.
Speirs & Jeffrey, a leading investment management company who advise on funds in excess of £4bn, have taken 15,000 sq ft on the fourth floor of the building. They have taken a 10 year lease at the quoting rents. They will occupy a newly refurbished building featuring a reconfigured entrance and reception area fronting onto George Square, the main civic square in Glasgow. The building has impressive sustainability credentials with a BREEAM rating of Excellent and a B rated EPC.
David Smith, Investment Director at Redevco, said: “We are delighted to secure a high quality tenant so soon after the launch of the property. We believe the building is competitively priced on rents and with our strong focus on sustainability will be cost effective on running costs too.”
Redevco were advised by DTZ & CBRE. Speirs and Jeffrey were advised by Phil Reid Associates.