Ambassador LB confirms £7 million Glasgow investment

Granite House

AMBASSADOR LB has announced a £7 million investment at its three commercial buildings in Glasgow to deliver Grade A office space and “world class” digital infrastructure.

Ambassador LB Holdings LLP, a joint venture between Glasgow-based Ambassador Group and ICG-Longbow, has committed its Ink Building and Granite House properties to WiredScore’s ‘Wired Certification’ programme, described as a “trusted benchmark for technological capacity, infrastructure resilience and connectivity”.

Ink Building

The digital upgrades are part of a refurbishment programme of Ambassador LB’s Glasgow office portfolio, which also includes the Forsyth building.

Chris Richardson, Ambassador Group’s investment director said, “The enhancement programme across our portfolio will directly respond to the needs and wants of modern businesses. It is testament of our desire to cater for forward-thinking occupiers and set new standards in Glasgow. At Ink, we have earmarked £3 million for a new roof, glazing, lifts, reception and façade improvement works. The redevelopment will bring sought-after office floorplates of up to 4,500 sq ft to the market early in 2019.”

Kevin Crowley, managing director of ICG-Longbow added, “Our increased investment into the JV portfolio reaffirms our conviction in the Scottish property market and the value-add opportunity we identified there two years ago. The Ink Building is the fifth acquisition for the partnership and delivers ‘Grade A’ office space in a supply constrained market. The refurbishment and digital upgrade will ensure our assets will meet the requirements of our customers in an ever-evolving real estate environment and future proofs our assets.’”