Disposal of major Grade A office development in Glasgow
Cala Properties purchased a vacant 1970's office block in the centre of Glasgow City Centre however, they required a forward funding commitment to speculatively develop a new Grade A office development.
The proposed development by Cala was of a quality that allowed Cushman & Wakefield to advise Internationales Immobilien-Institu GmbH, a German fund to provide the finance for the development to proceed.
Subsequently, Cushman & Wakefield were retained by Cala to provide agency advice for the development project to be known as Central Exchange.
Working alongside the client and design team, Cushman & Wakefield provided market led advice on the design and finishes for the building.
During the instruction a marketing campaign was structured to target local, national and international occupiers.
This campaign was very high quality and involved the production of a building information pack, marketing brochures and website as well as the organisation of promotional events.
Central Exchange completed in Autumn 2004.
The building was fully let to a number of corporate occupiers including Hymans Robertson LLP (26,520 sq ft), Clydesdale Bank (36,650 sq ft), The Weir Group Plc (13,292 sq ft) and Associated Newspapers Ltd. (10,528 sq ft).