Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Tuesday, July 03, 2023

Former Beltrami office building is latest Glasgow landmark to be redeveloped

One of Glasgow's better known office buildings is to be demolished to make way for the city's latest Grade 'A' commercial property development.

Standard Life House, which was built in the 1970s and once housed the offices of leading lawyer Joe Beltrami, is to be replaced by a landmark 15 million office and retail development which will be ready for occupation in 2009.

The project, at 2 West Regent Street, is the first new build venture in Glasgow by leading investment and development company City Site Estates and will involve some 100,000 sq.ft. of accommodation over nine upper floors with 24 underground car parking spaces.

Demolition will begin next month (July) and City Site Estates Group Property Director, Jim McCain, believes the building can play a significant role in the regeneration of the West Nile Street and West Regent Street intersection area.

"The next few months will also see the redevelopment of the former Odeon Cinema and the former General Accident building as Glasgow city centre continues to deliver in terms of property development," he added.

"We have worked closely with the planners at Glasgow City Council on the opportunity to redevelop such a prime site as it's critical that we continue to produce high quality buildings to not only attract new businesses to the city but to retain those companies already operating very successfully here in the west of Scotland.

"The demand for Grade 'A' office space shows no sign of abating at the moment and we have already had a number of enquiries in terms of the availability of this new building.

"The fact that it will also feature under-floor air conditioning and will be state-of-the-art when completed is also attracting a lot of interest."

City Site Estates has invested heavily in both the Glasgow and City of London property markets in recent years and concentrated activity in the office sector. The company has not decided on a name for the new building and Mr McCain would be happy to work with potential occupiers to come up with an appropriate title.

Architect RMJM is behind the design for the new building, while DTZ and Alan Watt Consulting have been appointed as leasing agents on the project.