JEWELLER Laings has signed a 15-year lease to take over Rowan House, a landmark B-listed building in Glasgow City Centre, with £5million investment proposed.

The company already occupies second and third floor office space in the five-storey 19th century Buchanan Street premises.

Occupation of the whole building will see retail space created on the ground and first floors as Laings bring the brands from across its three showrooms within the Argyll Arcade under one roof. Monsoon/Accessorize currently trade from the ground floor.

The basement, third and fourth floors will provide office space, with an enhanced hospitality area on the fifth floor, while the second floor will become a watch workshop.

Stuart McDowell, managing director of Laings, said: “Last year, we announced our multi-layer expansion plan to transform our showrooms and workshops across the UK, reimagining the customer experience while ensuring traditional jewellers’ crafts are kept alive for generations to come.

“The centrepiece of this investment plan is our new flagship showroom in Glasgow, where we’ll be bringing Laings to the forefront while creating unique, immersive experiences for our clients.

“With negotiations to secure Rowan House now complete, and a 15-year lease agreed, we’re excited to be able to announce our plans to deliver a new retail format that captures the imagination of our clients and further enhances the luxury shopping experience in Glasgow.”

Laings chief executive Joe Walsh, added: “The Argyll Arcade has been an important part of our story and we’re committed to ensuring the success of the arcade continues. Our three Glasgow showrooms have been invaluable as we’ve built our offering and presence in the city, but as we get ready for this next chapter, we’re open to enquiries about our existing retail units in the arcade.”