A DEAL for office space at Glasgow City Centre premises has been announced by joint letting agents Ryden and Avison Young.
The Royal London Mutual Insurance Society, represented by Lambert Smith Hampton, have leased the fully fitted-out and furnished lower ground floor at City Site Life’s Graft building at 241 West George Street. The deal is for a two-year term on an all-inclusive basis.
The letting follows in quick succession the previous flexible lease to energy company SSE, which also acquired the full floor to fulfil a short-term contract, and further cements City Site Life’s strategy to create a high quality, fully fitted-out space ready for immediate occupation.
Jim McCain from City Site Life said: “With the current uncertainty in the office market due to the Covid-19 pandemic, we believe that the flexible offer provided by Graft fits perfectly into the pattern for the ‘new working norm’.
“GRAFT provides an occupier with a flexible leasing arrangement, in an excellent working environment with immediate entry into an office suite they can operate from day one without any capital expenditure upfront.
“On the back of this success we plan to roll out the same format on the ground floor suite of the building.”
Tim Jacobsen, of joint letting agents Ryden, said: “As we continue through increasingly uncertain times, properties such as Graft, where the landlord has gone to the expense of extensively fitting out office space to remove the cost and hassle factor from the tenants, are likely to capitalise.”
A Royal London spokesperson said: “This property is in an ideal location close to our current office. It offers us all the facilities we need in a prime spot and, as it is fully fitted, it makes our move much easier.”
In addition to the ground floor that will shortly be fitted out, City Site Life can offer the second and third floors on either a traditional or fitted-out Category-A route in suites ranging from 2,500 sq ft to 4,250 sq ft.