CLYDE Gateway has officially launched the first office building at its flagship Magenta Business Park.
Councillor John Ross, the leader of South Lanarkshire Council, opened Red Tree Magenta, described as a Grade A modern premises boasting 40,000 sq. ft. The £9 million facility is the first building at Magenta, a 27-acre urban business park situated in Shawfield, next to the River Clyde and M74 motorway network.
It is home to 30 tenant companies, bringing 170 jobs to the area. Demand has been so high that the building is already 100% let – years ahead of expectations.
Councillor John Ross said, “Clyde Gateway has a tremendous track record in bringing new jobs and opportunities to this particular part of South Lanarkshire. It made perfect sense for our council to invest over £3 million to support the plans to accelerate the construction of Red Tree Magenta and to play our part in delivering what is an eye-catching and hugely impressive building.
“I was delighted to be asked to perform the official opening ceremony and to be given the chance to hear of the high levels of satisfaction from all the occupiers.”
Ian Manson, chief executive of Clyde Gateway added, “Successful partnerships are key to everything we do and it is very satisfying that we are able to use today as a way to thank Councilor Ross and everyone at South Lanarkshire for their continued support. Red Tree Magenta has been an unqualified success and those who have made the building their new home are joining what is a growing number of entrepreneurial organisations right across Clyde Gateway.
“In line with the current commercial property market, we had expected this building to reach 20% occupancy in the first year but to be fully let in the first six months is a true reflection of the fantastic accommodation, facilities, business support and transport links on offer here.”
Facilities at Red Tree Magenta include a Nespresso café, superfast fibre connections, collaborative working and breakout spaces, a garden roof terrace and electric car charging points.
Tenants include Robertson Facilities Management, BRE and Speirs Gumley, while a number of growing smaller companies have also signed up. These include Raven Controls, an events monitoring digital technology business.
Ian Kerr from Raven Controls said, “We are very proud to call these impressive new offices our home. Since moving to Red Tree Magenta, we have attracted new talent to our business, allowing us to double our headcount. Raven Controls has global ambitions and at Red Tree Magenta we have the ideal base to expand our business and help us achieve that goal.”