Banking giant agrees deal at landmark Glasgow office building

BANKING giant BNP Paribas has agreed a deal to move its Glasgow operations to HFD Group’s 177 Bothwell Street.

The firm will move more than 200 staff currently based across the city into the 20,624 sq. ft. first floor of what will be Glasgow’s largest single office building when it completes later this year.

The move means there are now just three full floors available at 177 Bothwell Street. Virgin Money has pre-let 50% of the building for its new HQ, while HFD Group’s serviced offices business will operate from another two floors.

177 Bothwell Street was recently announced as the first Scottish property to commit to achieving the new SmartScore accreditation for smart buildings. It is also the first development in Scotland to achieve a ‘Platinum’ WiredScore certification, which recognises future occupiers will have the best connectivity available.

HFD previously announced that 177 Bothwell Street would produce zero carbon emissions by going fully electric from 100% renewable power, while targeting an EPC rating of ‘A’ and BREEAM ‘Excellent’ standard. It will also feature a rooftop terrace and running track, 318 cycle spaces, electric vehicle charging points, and touchless technology throughout the building.

Stephen Lewis, MD of HFD Property Group, said, “Securing another tenant of BNP Paribas’s quality is further demonstration of how 177 Bothwell Street has been designed to exceed occupier requirements. We have worked hard to ensure that occupiers are at the heart of what the building is about, through a wide variety of initiatives – whether it is minimising 177 Bothwell Street’s carbon footprint or maximising natural day light for the people working there. It is fitting that the build will complete just in time for COP26 arriving in Glasgow, with our occupiers able to demonstrate their comment to minimising their impact on the environment by selecting net-zero carbon office space.”

Gary Cameron, head of Scotland at BNP Paribas Real Estate, added, “As we exit the pandemic and return to the office, we must embrace new ways of working. BNP Paribas is a business leader in ESG commitments with wellbeing and sustainability at the forefront of what we do.  A top priority is making sure our staff have the best possible work environment to serve our clients. 177 Bothwell Street is the perfect place to help us to help realise those ambitions.

“The move re-affirms the group’s commitment to Glasgow and this best-in-class asset is aligned with our plans for the next chapter of BNP Paribas in Scotland.”

Knight Frank and CBRE, 177 Bothwell Street’s joint agents, represented HFD Property Group with BNP Paribas Real Estate representing BNP Paribas.