FULL Occupancy Achieved For Massive City Office Block

28 September, 2022 | Office

THE lease of 30,000 square feet of offices at 177 Bothwell Street has been secured by DM Hall on behalf of wealth management and professional services group, Evelyn Partners.

The business, formed from the long-established and merged Tilney and Smith & Williamson operations, rebranded itself as Evelyn Partners earlier this year.

The new lease agreement will bring together 350 staff from two locations in the city to create Evelyn Partners’ largest operation in the UK outside its London headquarters.

The annual rental will reach the seven-figure mark. The deal is DM Hall’s biggest commercial property deal since the onset of the covid pandemic,

Earlier this year, HFD Group, the developer of the city centre property, announced that it had sold it to Spanish investment company, Pontegadea, but would be relocating its headquarters to the top floor of the 315,000 square-foot building.

Other occupiers include Virgin Money, BNP Paribas, AECOM, CBRE, and Transport Scotland, while HFD’s technology business Data Vita, also operates from the building.

Evelyn Group’s presence will bring the building to full occupancy.

The building features a rooftop terrace and running track, reportedly 177 metres in length, 318 cycle spaces, electric vehicle charging points and touchless technology.

DM Hall partner and head of commercial agency Jonathan McManus oversaw the transaction. He said: “We are exceptionally pleased to have assisted Evelyn Partners secure its lease and I am confident the business will thrive and prosper from such a high-quality location.

“I first acted for Smith & Williamson many years ago acquiring a mere 2,000 sq ft in Blythswood Square, before the firm progressed to St Vincent Street. Its rapid growth pattern has shown a belief in Glasgow as a prime location for business”.

Paul Frame, regional managing partner for Scotland and Northern Ireland at Evelyn Partners, said: “The building’s location in the city centre, close to excellent transport links, makes it convenient for our clients to meet with our specialist teams and attend events.”

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