Legal firm agrees ten-year lease BAM TCP’s new Glasgow development

COMMERCIAL law firm Burness Paull has taken a ten-year lease at BAM TCP Atlantic Square Limited’s 2 Atlantic Square development in Glasgow city centre.

The business follows engineering and project management consultancy Atkins Limited, which last year became its first occupier.

Burness Paull’s letting comprises the 14,814 sq ft. fourth floor of the office accommodation, which ranges across six floors with retail and restaurant space on the ground floor.

“After a two year search across the city we believe we have found the ideal home at 2 Atlantic Square,” said Tamar Tammes, managing partner at Burness Paull. “Our goal was to find a new base for our colleagues in Glasgow that was not only tailored to our new hybrid working principles, but also met the highest standard of environmental credentials.

“It is an impressive building in an area undergoing rapid transformation into the heart of Glasgow’s business district. Moving there sets us up perfectly for modern flexible working and ensures that clients and colleagues have easy access to a full range of transport connections.”

The £150 million Atlantic Square development totals 300,000 sq ft across three separate buildings. 10-storey 1 Atlantic Square was pre-let to the UK Government as part of the HMRC Hubs program, forward funded by Legal & General Investment Management.  It will house over 2,000 Government employees.

Dougie Peters, BAM Properties’ MD, added, “This letting to one of Scotland’s most prestigious legal firms is a reflection of the stature of the accommodation, for which there is continuing market interest. It shows that there remains a strong future for commercial office space in Glasgow and the quality of the accommodation forms part of occupiers’ approach to attracting and retaining talent.”

Atlantic Square was designed by BAM Design and Cooper Cromer Architects, constructed by BAM Construction Scotland and developed by BAM Properties in joint venture with Taylor Clark.

Galbraith represented Burness Paull while BAM TCP was represented by CBRE, JLL and Ryden.