Tuesday, March 11, 2024
Two new tenants at 220 St. Vincent Street in Glasgow
ING Real Estate Investment Management has announced that it has now let the ground and first floors of its Grade A refurbishment at 220 St Vincent Street, to CIGNA International.
This deal was announced just days after the conclusion of the first letting at the building, where Hiscox Insurance confirmed that it would take the fourth floor of 220 St Vincent Street.
Healthcare provider, CIGNA International, will take 7,977 ft² at £22 per ft², as well as five car parking spaces, while Hiscox Insurance has taken 4,225 ft² (as well as three car parking spaces) at £23 per ft².
Comprising a total of 25,531ft² of modern refurbished office space, with a classical external frontage, 220 St Vincent Street offers six high-specification floors, accessed via a contemporary new entrance foyer, located in Glasgow's prime office district. It also offers 17 secure car parking spaces and two passenger lifts and has a 'very good' BREEAM rating.
Jamie Munday, Fund Manager at ING Real Estate Investment Management, commented: "To have let three floors in such quick succession after completing the refurbishment is a testament both to the current strength of the Glasgow office market and the quality of the accommodation at 220 St Vincent Street. This is superb Grade A space in a key city centre location, and as a result there is also significant interest in the remaining floors."
220 St Vincent Street was officially launched on 8 February and is being let by joint agents CB Richard Ellis and Ryden.
CB Richard Ellis acted for CIGNA International while Ryden acted for ING in the latest transaction; and GVA Grimley acted for Hiscox Insurance in the first transaction.
This deal was announced just days after the conclusion of the first letting at the building, where Hiscox Insurance confirmed that it would take the fourth floor of 220 St Vincent Street.
Healthcare provider, CIGNA International, will take 7,977 ft² at £22 per ft², as well as five car parking spaces, while Hiscox Insurance has taken 4,225 ft² (as well as three car parking spaces) at £23 per ft².
Comprising a total of 25,531ft² of modern refurbished office space, with a classical external frontage, 220 St Vincent Street offers six high-specification floors, accessed via a contemporary new entrance foyer, located in Glasgow's prime office district. It also offers 17 secure car parking spaces and two passenger lifts and has a 'very good' BREEAM rating.
Jamie Munday, Fund Manager at ING Real Estate Investment Management, commented: "To have let three floors in such quick succession after completing the refurbishment is a testament both to the current strength of the Glasgow office market and the quality of the accommodation at 220 St Vincent Street. This is superb Grade A space in a key city centre location, and as a result there is also significant interest in the remaining floors."
220 St Vincent Street was officially launched on 8 February and is being let by joint agents CB Richard Ellis and Ryden.
CB Richard Ellis acted for CIGNA International while Ryden acted for ING in the latest transaction; and GVA Grimley acted for Hiscox Insurance in the first transaction.
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