Commercial Property News

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Friday, January 04, 2024

Xchanging move into 135 Buchanan Street

Leading financial services company Xchanging has moved its Glasgow HQ to 135 Buchanan Street in a deal brokered by DTZ on behalf of LNC Property Group.

Xchanging has swapped St Vincent Street for a 2,825 sq ft suite on the third floor of the landmark building at a rent of 15.50 per sq ft. The company has taken a five-year lease with a break option at three years on the space.

The financial services firm has offices in the US, Europe, India and Malaysia and specialises in insurance, financial markets, HR, procurement and accounting.

DTZ advised landlord LNC Property Group on the deal and senior surveyor Stephen McKenna said: "Space at 135 Buchanan Street is extremely attractive given its location at the heart of the city centre. We moved quickly to re-let the accommodation following a surrender by the previous tenant."

Karen Hughes, of LNC Property Group, said: "Space in the building has proved very popular to professional companies since we completed a major refurbishment a few years ago. We are delighted that the building is now fully let."

Xchanging was advised on its relocation to 135 Buchanan Street by Ryden.