A MAJOR new office building in Glasgow’s International Financial Services District has been handed over to HM Revenue and Customs.
Building 1, Atlantic Square is one of 13 new HMRC regional centres — around 2,500 staff will begin relocating from a number of existing offices in early 2022.
The office is a joint venture between BAM Properties and TCP Developments, along with LGIM Real Assets (Legal & General) who forward funded the 187,205 sq ft, ten-storey prime Grade-A premises between York Street and James Watt Street.
Built by BAM Construction and designed by concept architects Cooper Cromar and BAM Design, it incorporates the retained Grade A-listed façade of a former warehouse built by pioneering retailer William Whitley in the 19th century, on James Watt Street.
Dougie Peters, managing director, BAM Properties, said: “After a challenging year, we are delighted to be handing over the keys to Atlantic Square to HMRC and all the teams involved are very proud of the end result which is an impressive addition to Glasgow’s property landscape.”
Colin Casse, locations programme director for HMRC added: “HMRC has a long-standing presence in Glasgow and the surrounding area. The UK Government Hub will be our new home in the West of Scotland.
“Atlantic Square is a stunning building which will provide a modern, flexible working environment which can easily adapt and cater for any future changes to our working practices and ways of working. We are looking forward to the first colleagues moving into the building next spring.”
A second building at Atlantic Square will provide 96,650 sq ft of further office accommodation. It has been built speculatively by BAM Properties and TCP Developments and offers floorplates of up to 15,400 sq ft.
Facilities will also include a tenants’ business lounge and meeting spaces, as well as showers, lockers and storage facilities for cyclists and runners. Negotiations are currently underway with potential occupiers.