Commercial Property News

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Friday, March 16, 2024

Drivers Jonas Secure Fully Let Status on 90 St Vincent Street, Glasgow

Drivers Jonas and joint agent Gee & Co, have let the last remaining suite at 90 St Vincent Street, Glasgow. The second floor suite, which extends to 4,922 sq ft, has beet let to BMK Solicitors on a 15 year lease. The deal marks the final stage in the buildings turnaround which has been completely refurbished whilst retaining existing tenants and attracting new occupiers

The property was bought by Drivers Jonas on behalf of Rockspring Property Investments Managers in 2001 when it was fully occupied. The agency, management and building services teams within Drivers Jonas worked together to give strategic asset management advice to the new owners on agreeing surrenders and new leases with several existing occupiers to allow the phased refurbishment of all the floors, common areas and services. The property now provides modern accommodation with air conditioning with occupiers include Barclays, Crawford Insurers, Mazars Neville Russel and Donaldsons Surveyors.

Julie Mitchell, Head of Agency at Drivers Jonas in Glasgow, said: "The building has seven floors of office space and ground and basement retail accommodation. When we were appointed, it offered basic accommodation and was in need of complete refurbishment.

"90 St Vincent St has been a real success story in being completely refurbished whilst retaining several key tenants. The property now provides good quality grade B accommodation in an excellent location, something which can be hard to come by in today's market-place. These factors have been significant in attracting BMK Solicitors as well as several other blue-chip organisations."