DRUM Property Group, developers of Glasgow’s Buchanan Wharf, has agreed a 20-year lease with the Student Loans Company (SLC) for a 75,000 square foot office housing up to 1,100 staff at the Clydeside development.
SLC will also work with the Government Property Agency to facilitate the co-location of up to 600 civil servants as part of the UK Government Hubs Programme.
The new office represents the final building at the Buchanan Wharf site, which is also home to the Barclays Northern Europe Campus and an 18-storey residential complex for Legal & General.
Drum said that with the construction of Barclay’s campus HQ completing later this year, and the 324-apartment complex completing in 2022, the site on completion will encompass more than a million square feet of office space, residential accommodation, local amenities and landscaped public spaces.
Graeme Bone, group MD of Drum Property Group, said, “This deal represents the final piece of the Buchanan Wharf jigsaw, and we are delighted to have secured a tenant of the stature of the Student Loans Company in such a challenging market. The new office complex will complete one of Scotland’s largest and most important commercial and residential development projects.
“With prime office space plus an exciting mix of homes, local amenities and open public spaces, Buchanan Wharf will be a stimulating and attractive environment in which to work, live and to visit. It has transformed this neglected part of the waterfront, once again placing the River Clyde at the heart of the city’s economic and cultural regeneration.”