Planning has been approved for a new 135,000 sq ft speculative office development at the Skypark business campus in Glasgow.
Sheppard Robson Architects have received planning consent from
Glasgow City Council to build a 135,000sq/ft office development at
the Skypark business park, although construction will not start
without a 'substantial' pre-let.
The 135,000 sq ft speculative office development is expected to
open late 2015, subject to pre-let take-up
Planning has been approved for a new 135,000 sq ft speculative
office development at the Skypark business campus in Glasgow.
Moorfield Real Estate Fund II (MREFII), Moorfield Group and
Glasgow-based joint venture partner Resonance Capital are leading
The Azure Building development at the Finnieston business
park.
Funding for the development will come from "Moorfield Group's
substantial resources".
No date has been set for work to begin on the development, with the
backers stating subject to pre-let take-up, completion is expected
by the third quarter of 2015.
A construction firm for the project has yet to be appointed.
Sheppard Robson Architects have received planning consent from
Glasgow City Council to build a 135,000sq/ft office development at
the Skypark business park, although construction will not start
without a 'substantial' pre-let.
The 135,000 sq ft speculative office development is expected to
open late 2015, subject to pre-let take-up
Moorfield Real Estate Fund II (MREFII), Moorfield Group and
Glasgow-based joint venture partner Resonance Capital are leading
The Azure Building development at the Finnieston business park.
Funding for the development will come from "Moorfield Group's
substantial resources".
No date has been set for work to begin on the development, with
the backers stating subject to pre-let take-up, completion is
expected by the third quarter of 2015.
A construction firm for the project has yet to be appointed.
Moorfield's Mark Holmes said: "We are pleased to announce that
the Azure Building, now has planning consent - a green light in the
evolution of Skypark. The Building allows us to offer top-quality,
Grade A space at competitive rents, in an emerging district that is
adjacent to the City Centre. This is an exciting and unrivalled
proposition for contemporary businesses."
Source: Skypark press release