GRADE-A Office Space Deal Agreed At City Centre Premises

25 March, 2021 | News

THE Medical and Dental Defence Union of Scotland (MDDUS) has leased new office space at 206 St Vincent Street, taking a significant amount of space across the building’s ground and first floors.

The organisation will relocate from premises at Mackintosh House on Blythswood Street, in one of the first Glasgow city centre office deals of the year.

MDDUS has secured 11,329 sq. ft. of Grade A office space following a comprehensive refurbishment of the building with a focus on employee wellbeing to include outdoor breakout spaces, modern shower facilities and cycle racks.

Ryden represented MDDUS, while Knight Frank and CBRE acted on behalf of BMO Real Estate Partners.

The property is currently home to investment services firm, Smith and Williamson, with 1,950 sq. ft. still available to let.

Colin Mackenzie, office agency partner at Knight Frank Glasgow, said: “206 St Vincent Street’s prime city centre position, combined with the refurbished modern space and focus on flexible and collaborative workspaces, make it a great location for MDDUS’s new Glasgow base.

“The city has, in recent years, faced a shortage of high-quality Grade A space, and while most businesses have been working remotely throughout the pandemic, demand remains robust.

“More so than ever, occupiers are focused on securing the best possible offices, with differentiators like sustainability and employee wellbeing at the forefront of decision-making.”

Simon McIntosh from BMO Real Estate Partners added: “It’s pleasing to see that following a significant investment programme, and amid the Covid-19 pandemic, our client RSA has been able to secure MDDUS as a new tenant at 206 St Vincent Street, adding to a great tenant line-up.

“The building benefits from a strong location and the final remaining suites have been fitted-out to a category A+ ready-to-work standard, allowing future occupiers to hit the ground running from day one.”

Gillian Giles, office agency associate at Ryden, said: “After conducting an exhaustive market search, and taking into account the impact of the pandemic, 206 St Vincent Street was selected for its location, excellent facilities. Despite the pandemic, the process from beginning to end to secure the premises was quick and effective.”

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