The new development will bring 65,000 sq ft of much-needed Grade A office space to Glasgow's International Financial Services District, which according to a recent report by consultants Ernst & Young is attracting a growing number of businesses to the city.
Developers behind the Copenhagen Building believe the new offices will be well-placed to meet demand for high quality space in the city centre.
Matthew McIntosh, Project Development Manager, said: "We believe that several significant businesses are currently seeking to relocate within Glasgow city centre, which will help trigger a recovery in the relocations market, and in turn provide a welcome boost to Glasgow’s economy. We think the Copenhagen Building will be well-placed to capitalise on this demand, and from the recovery that is increasingly being forecast."
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Sinclair Browne, partner with joint selling agents Knight Frank said: "Although Glasgow is set to see around 750,000 sq ft of new office space coming to the market by the end of the year, the Copenhagen Building offers larger occupiers high quality Grade A accommodation within a central location opposite Central Station."
Extending to 10 floors, the Copenhagen Building is located on Hope Street opposite Central Station and was for many years the Daily Record printing hall. It has been named after the horse that carried the Duke of Wellington through the battle of Waterloo. Hope Street was previously known as Copenhagen Street.
Matthew McIntosh concluded: "We have great confidence in Glasgow and, whilst the recession is still biting, the outlook is very positive. A recent analysis of internet traffic to our website showed there is a lot of interest in Glasgow, so it is clear occupiers and agents continue to research the market. We are looking forward to opening our doors for business in 100 days time at the end of September."
(GK/JM)
