CONSTRUCTION is set to start at Magenta, Glasgow’s new satellite business district, after project costs for the development’s first building were approved by the Clyde Gateway board.
Red Tree Shawfield, a 3,780sqm Grade A office building, will provide a range of business suites. It is expected that Red Tree will create around 250 new jobs and will be complete by summer 2018. This will be the third Red Tree business incubator in the Clyde Gateway area.
The building, designed by architects Archial Norr, aims to attract businesses in target sectors such as media, communications, IT, training and engineering.
Magenta is the largest office development with planning consent in Scotland, comprising 1.2 million square feet of office space set on the 27-acre former Shawfield industrial estate, next to the River Clyde.
Ian Manson, chief executive at Clyde Gateway said, “Our Red Tree brand has proven to be very successful with the two existing office blocks operating at full capacity. This £9 million investment in a four-storey block marks the beginning of what will be a remarkable and eye-catching transformation of Shawfield and will be the first building at Magenta, the satellite business district that we launched last year with Highbridge Properties.”
Adrian Hill, consultant at Highbridge Properties PLC, Clyde Gateway’s development partner for Magenta added, “To have the first building confirmed for Magenta is a significant milestone for the project, which will eventually become one of the UK’s largest office parks and bring 12,000 jobs to the area.”
