UK-based M&G Real Estate has revealed plans for a new £100m office scheme in Glasgow, Scotland.
Located at 33 Cadogan Street in the heart of Glasgow’s city centre, the project known as The Grid will offer 277,500ft² of Grade A space across 12 floors.
The project will be constructed on the site of the former Corunna House in Glasgow’s Central Business District.
The company stated that the project aims to be healthiest workspace in Scotland with electric car charging ports installed in the basement, on-site cycle storage and spa-style showers and changing rooms and laundry.
Designed by Cooper Cromar, the project is set to receive ‘Gold’ certification from the International WELL Building Institute.
The building’s tenth floor will feature a private double height sky garden, offering a focal point for upper floor occupiers. The Loft, a communal business lounge and garden, will be located at roof level.
Furthermore, the building has secured Scotland’s second ever WiredScore Platinum rating, which is the highest standard in the accreditation for digital infrastructure, technology and connectivity of office buildings.
M&G Real Estate asset manager William Badger said: “Workspace is one of the key contributors to staff wellbeing, and we are very excited to present our vision to the market.
“We believe we have created something that is truly special and unique in the Glasgow market.
“With a lack of new Grade A space in the city’s office market, as well as in nearby Edinburgh, we are confident that The Grid will attract strong interest.”
Demolition of the current building is set to be commenced in 2018, with completion scheduled for late 2021.
Property advisors Knight Frank and JLL have been chosen as letting agents.
M&G Real Estate is a real estate investment firm aimed at investment opportunities in the UK, France, Germany, Japan, Australia, and the Benelux and Nordic countries.