Hat trick for CONNECT110NS
Hemel Hempstead, 20 January 2015 - BAM Properties and Deutsche Asset & Wealth Management (Deutsche AWM) have announced more good news for their successful Glasgow office development, CONNECT110NS, with a third new occupier taking space within the striking city centre office building.
Professional Services firm Deloitte, which provides audit, tax, consulting and corporate finance services, is to lease the entire fifth floor which spans 18,141 sq ft. The firm, which has 33 partners and over 500 staff across its three Scottish operations, will relocate from its current premises in George Square.
John Burke, Managing Director Properties, BAM Construct UK said: ‘Connect110NS design, sustainability and location have been key components in attracting the high calibre of businesses to the development and we are delighted to welcome Deloitte. Glasgow has suffered from a lack of Grade A office development and with Connect110NS leading the way, along with other large scale city developments being planned, the city can only benefit from a competitive edge such investment and infrastructure creates.’
Deloitte will join fellow occupiers Brodies LLP, who will be based on the seventh and part of the sixth floor, and Grant Thornton UK LLP who will be located on the upper floor.
Ian Steele, Senior Partner for Scotland & Northern Ireland at Deloitte said: ‘This move comes at a great time for our business as we look to transform our Glasgow office into a more modern, sustainable space. Moving into a new building will hopefully generate a little excitement amongst our staff as well as give us the opportunity to interact and collaborate more readily, as we move from operating across three floors to just one. It will help us as we try to create a truly distinctive offering for our staff and clients. The new flexible working space will also support the significant steps we have made over the last 12 months to expand our Work Agility programme which encourages our people to work in a more agile way, equipping and trusting them to deliver work of a consistently high quality when they are not physically present in the office. We are delighted to be able to do all of this while remaining in a prominent City Centre location.’
The building will be handed over by BAM Construction to BAM Properties in June 2015 and BAM Properties will continue to partner with Deutsche AWM to manage the building through to completion and full occupancy.
A further 83,000 sq ft of office accommodation remains for let along with 20,000 sq ft of ground floor retail space.
About BAM Properties
BAM Properties is known for commercial and retail developments that create value for investors. Our high quality, sustainable developments also bring benefits to the businesses and people who work in them.
BAM Properties is the property development arm of BAM Construct UK a construction and property services company that undertakes design, construction, facilities management and public private partnerships. Other significant developments in Scotland include the £24 million Aurora building in Bothwell Street as well as the Riverside Transport Museum, refurbishment of the National Portrait Gallery, Nike’s flagship store on Buchanan Street, Tesco Bank’s headquarters at Haymarket in Edinburgh and NFU’s Glasgow office.
We are part of Royal BAM Group a European construction and property services enterprise that is listed on the Euronext Amsterdam.
BAM Properties has developed more than three million sq ft of commercial and retail space over the past 25 years. Its most recent retail development in Buchanan Street, Glasgow was let to Nike and sold to investment managers La Salle.
Further information: www.bam.co.uk