Osborne+Co, the global property development and investment company behind the ambitious vision to deliver world-class office space for up to 3,000 employees at Argyle Street in Glasgow’s International Financial Services District (IFSD), has been granted full planning approval by Glasgow City Council.
Derelict for more than 20 years, the site at Argyle Street will become one of the most significant office buildings to be built in Glasgow over the last 10 years. Designed by Glasgow-based architects Cooper Cromar, the overall scheme will provide approx. 270,000 sqft net of Grade A office space over ground plus 13 upper storeys, with an end value of circa £140M. On completion, it will provide large open-plan office floor plates up to 23,000sqft net, which will offer first-class office accommodation designed to meet the requirements of today’s multinational companies investing in Scotland.
Commenting on the planning approval, 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.”
Acquired by Osborne+Co and JV partners Scotsbridge Holdings in 2018, the development will see this long-neglected site connected back to the city through infrastructural improvements, including support of the Argyle Street ‘Avenues’ project and surrounding cityscape.
Conor Osborne, CEO, Osborne+Co, 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.”
Osborne+Co is currently working on 15 projects in seven countries, including an ambitious £400M placemaking project in Belfast city. The company is a privately-owned business whose vision is to deliver best-in-class developments across all regions, with a specific focus on the end user client. That end user may be a city such as Glasgow and its people, or one of the biggest multinationals in the world such as HSBC, Santander, Nestle, Citi Group or Standard Chartered. A truly global player, the founding directors have delivered more than 20M sqft of developments across four continents worth £2.5BN to date.