Cala Properties Commercial Real Estate Case Study - Cushman & Wakefield

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Disposal of major Grade A office development in Glasgow


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The Challenge

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.


The Solution

Step 1:

Working alongside the client and design team, Cushman & Wakefield provided market led advice on the design and finishes for the building.

Step 2:

During the instruction a marketing campaign was structured to target local, national and international occupiers.

Step 3:

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.


The Results

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).

Contact

David Davidson

David Davidson

Chair of Scotland

Glasgow, United Kingdom

Phone +44 141 2238767

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