SKY reaches for 42,000 sq ft in Glasgow

APAM, a UK-based asset manager, has secured broadcasting giant SKY at CityPark, Glasgow, as well as a raft of further deals totalling 75,000 sq ft.
SKY has signed a five-year lease on 41,700 sq ft on the first floor of the building at £14 per sq ft, I a significant letting for Scotland’s largest city. In the second deal, Actavo, which operates a customer contact centre for Scottish Power, has signed a five year lease on 15,700 sq ft on the third floor, also at £14.00 per sq ft.
Several existing tenants have also recommitted to the building, with Aggreko agreeing a five year extension over 9,760 sq ft on the ground floor as well as a further 1,900 sq ft on a short-term basis. Furthermore, occupational health provider Ablemed has relocated from elsewhere in the building and agreed a new and expanded 10-year lease on 4,100 sq ft.
APAM refurbished the 300,000 sq ft building in 2014 and has since added a children’s nursery to a list of amenities including a café, a shop, a hairdressing salon and gym.
The property is located on Alexandra Parade facing the M8 motorway alongside Junction 15, a main traffic route into Glasgow city centre.
William Powell, APAM’s executive director, said: “I am delighted SKY has committed to CityPark. It is a significant agreement and adds to our already impressive list of tenants which include the likes of Dell, CH2M Hill and Teleperformance to name but a few.
“The SKY and Actavo activity as well as the other recently completed deals proves CityPark continues to strengthen its position as a key business location in Scotland.”
Lambert Smith Hampton and CBRE represented APAM. Cushman and Wakefield acted for SKY; DPL Chartered Surveyors acted for Actavo; Thomson Property Consultants acted for Ablemed.
This article originally appeared on CoStar: http://www.costar.co.uk/en/assets/news/2016/July/SKY-reaches-for-42000-sq-ft-in-Glasgow/

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