Capella is new home for Strathclyde Pension Fund

26 Mar 2010

Strathclyde Pension Fund, which administers Glasgow City Council's pension fund are to move into space in the newly completed Capella building on the banks of the Clyde.

Strathclyde Pension Fund, which is presently based in Charlotte House in Queen Street, will transfer to the Capella Building in York Street in the heart of the International Financial Services District.

Council bosses say the lease on the present "poor quality" 1960s pension HQ, which also houses City Assessor staff, runs out in June next year.

Instead of renewing it, they have negotiated a 15-year deal on the Clydeside building at an annual rent of almost £283,000.

A report to councillors states: "Due to the reduction in space and the use of more modern, efficient space, the occupancy costs for the Capella Building over the term of the lease are lower than for the current building."

Whole Story: Evening Times - Pension staff set for new city office

Web links (opens in a new window)