Benson Elliot extends UK regional office programme to Glasgow with St Vincent Street acquisition

150 St. Vincent Street is a modern office building situated in the heart of Glasgow’s CBD. The building sits on a commanding site at the corner of St. Vincent Street and Wellington Street, and provides 71,400 square feet of accommodation over seven floors. Glasgow is the UK’s second largest office hub outside London – a strengthening regional market experiencing increasingly constrained grade A office availability.

150 St. Vincent Street was constructed in the late 1970’s by Scottish Amicable, and served as that financial institution’s headquarters until their acquisition by Prudential plc in 1997. Today the building is home to blue chip tenants such as Allianz, JLL, Monster.com and Irwin Mitchell.

James Jakeman, Principal at Benson Elliot, said:
“We’re ongoing supporters of the UK regional investment story and, as such, 150 St. Vincent Street represents an exciting opportunity for us. We expect a focused capital investment programme, on the back of limited quality supply and significant growth in tenant demand, will enable us to deliver strong income improvement at the property.”

St. Vincent Street is situated within five minutes’ walk of Glasgow Central Station. The area is popular with large corporate occupiers, with AON, RBS, Standard Life, KPMG and Barclays, all located in the immediate vicinity. Buchanan Street, the UK’s busiest retail street outside London, lies just a few blocks east of the building, with the new Apple Store anchoring Buchanan Street’s intersection with St. Vincent Street.

ENDS

For further information:

FTI Consulting
Dido Laurimore / Claire Turvey
+44 (0) 20 3727 1000
Dido.laurimore@fticonsulting.com
Claire.turvey@fticonsulting.com

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