Commercial Property News

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Thursday, February 15, 2024

Two new deals at Buchanan Gate Business Park

Acting on behalf of SDG Property Holdings Ltd, joint agents Donaldsons and Ryden have successfully completed two further deals at Buchanan Gate Business Park in Stepps. The lettings follow hot on the heels of the sale of Pavilion 3A (12,000 sq ft) to The Richmond Fellowship and the letting of Pavilion 3B (20,000 sq ft) to Hbg.

Building Automation Solutions Ltd (BAS) has taken a first floor suite within Pavilion 2 extending to 3,771 sq ft on a ten year lease with option to break at year five at a rental of 56,565 per annum. Also within Pavilion 2, Ticon Insulation Ltd has taken a suite on the ground floor extending to 1,894 sq ft on a five year lease with a break option at year three at a rental of 34,092 per annum.

Michael Facenna, office agency surveyor at Donaldsons said: "The lettings to BAS and Ticon Insulation highlight the flexibility of the accommodation on offer at Buchanan Gate. As well as being able to accommodate the larger, single occupier requirements as demonstrated by the Hbg letting, the floor plates enable us to subdivide the space into smaller suites if required allowing us to provide the same high quality office space to companies of varying sizes."

Brian Robinson, associate in the office agency team at Ryden added: "As a result of the two latest lettings, only two suites remain available within Pavilion 2 on the ground and 1st floors extending to 2,403 sq ft and 2,690 sq ft respectively. We are also in advanced discussions with a single occupier in relation to Building 3C which extends to 20,000 sq ft and which is due for completion this month, and given this latest run of success, our client will be starting on site during Quarter 1 with Pavilion 4 which also extends to 20,000 sq ft."

Buchanan Gate Business Park occupies a prominent position overlooking the Crowwood Roundabout immediately adjacent to the M80/A80, approximately 9 miles from Glasgow city centre. The Business Park provides high quality open plan accommodation in a landscaped environment and benefits from an excellent car parking provision. Occupiers at Buchanan Gate can also take advantage of a number of amenities on their doorstep such as the Brewsters Family Pub and Restaurant, Travel Inn and Bannatynes Health Club.