Glasgow financial district £140m scheme approved

Osborne+Co, the property investment firm behind the development for 3,000 employees at Argyle Street in Glasgow’s International Financial Services District (IFSD), said on Thursday it has been granted full planning approval by Glasgow City Council.

The site at Argyle Street will become one of the most significant office buildings to be built in Glasgow in the last 10 years.

Designed by Glasgow-based architects Cooper Cromar, the overall scheme will provide 270,000 sq ft of Grade A office space over ground plus 13 upper storeys, with an end value of £140 million.

Will Hean, Development Director, Scotland for Osborne+Co, said: “We would like to thank Glasgow City Council and their planning team for their constructive input, insights and valuable guidance throughout this process.

“Working collaboratively at all levels with the council over the past 18 months towards this final consent has involved sound judgement and bold vision combined.

“We are delighted to now be in a position to progress this impressive office scheme onwards towards the construction phase.”

Osborne+Co CEO Conor Osborne said: “Glasgow is a key regional business hub recognised most notably for financial services, life sciences and renewable energy.

“We are confident that this ambitious development will help Glasgow to fulfil its full potential by attracting global occupiers looking to invest and expand their UK presence and benefit from the skilled local workforce Glasgow has to offer.”