Friday, October 12, 2023
100% occupancy achieved at Glasgow's Epic House
King Sturge has just concluded three office deals at Epic House, on Cadogan Street in Glasgow on behalf of the Joint Properties:
A First floor suite has been let to software development consultants Continuity2. A three-year lease with a one-year break option has been agreed on the 1,500 sq ft office at an annual rental of £15,000 (£10 per sq ft).
Recruitment consultants Genimax has taken a 1,500 sq ft second floor suite at an annual rental of £15,000 (£10 per sq ft). The lease term is five years, with a three-year break option.
The final deal has seen existing occupier Brunel International (UK) Ltd double its office space with an additional 1,500 sq ft on the third floor. The new lease will run co-terminus with the existing lease on the fourth floor suite which has a break option in 2009. The annual rental on the additional suite is £17,250 (£11.50 per sq ft). Brunel specialises in recruitment for the oil and gas sector.
Commenting on the deals, Paddy Ford from the King Sturge Glasgow office said: "There is a gap in the Glasgow market for office suites of this size and we have experienced a high demand for the space at Epic House. The size of the suites, along with the flexible lease arrangements, makes them popular for growing businesses in Glasgow."
Bob Melville, director of Joint Properties added: "We are delighted to reach full occupancy at Epic House. The demand we have experienced for the suites demonstrates that we are providing the right product to meet market demand."
The entire building extends to 11,596 sq ft over six floors. Other occupiers include EFG Matthews Office Furniture, Fine Type Publishing and James Clark and Partners. Joint Properties was advised by King Sturge (and Alison Lightbody & Waddell on the first and second floor deals). The occupiers were all self-represented.
A First floor suite has been let to software development consultants Continuity2. A three-year lease with a one-year break option has been agreed on the 1,500 sq ft office at an annual rental of £15,000 (£10 per sq ft).
Recruitment consultants Genimax has taken a 1,500 sq ft second floor suite at an annual rental of £15,000 (£10 per sq ft). The lease term is five years, with a three-year break option.
The final deal has seen existing occupier Brunel International (UK) Ltd double its office space with an additional 1,500 sq ft on the third floor. The new lease will run co-terminus with the existing lease on the fourth floor suite which has a break option in 2009. The annual rental on the additional suite is £17,250 (£11.50 per sq ft). Brunel specialises in recruitment for the oil and gas sector.
Commenting on the deals, Paddy Ford from the King Sturge Glasgow office said: "There is a gap in the Glasgow market for office suites of this size and we have experienced a high demand for the space at Epic House. The size of the suites, along with the flexible lease arrangements, makes them popular for growing businesses in Glasgow."
Bob Melville, director of Joint Properties added: "We are delighted to reach full occupancy at Epic House. The demand we have experienced for the suites demonstrates that we are providing the right product to meet market demand."
The entire building extends to 11,596 sq ft over six floors. Other occupiers include EFG Matthews Office Furniture, Fine Type Publishing and James Clark and Partners. Joint Properties was advised by King Sturge (and Alison Lightbody & Waddell on the first and second floor deals). The occupiers were all self-represented.
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