A MASSIVE new city centre office building — that is set to be a headquarters for a global financial institution — has been given the go-ahead by Glasgow City councillors.

The 14-storey, 270,000-square-foot development has been approved for a high-profile site bounded by Robertson Street, Robertson Lane, York Street and Argyle Street.

Several buildings will be demolished to make way for it — a Category ‘B’ listed former warehouse building, a Category ‘C’ listed tenement and an unlisted single storey building formerly occupied by a pawnbrokers.

The plan by Osborne and Co was approved following a hearing of Glasgow’s planning applications committee.

Representatives from the developer said that, while a deal had not been finalised, there was a definite tenant in mind — “probably the best unkept secret around” — and that the building had been designed as a headquarters at exactly the size they need.

Work would start as soon as possible upon receipt of planning consent. There would be space for up to 3,000 staff in the office block.

An earlier report by council officials stated: “The potential occupier is a global financial institution operating a 24-hour business, generating footfall and further contributing to the vibrancy of the area.”

Will Hean, development director, Scotland for Osborne and Co, said: “We would like to thank Glasgow City Council and their planning team for their constructive input, insights and valuable guidance throughout this process. Working collaboratively at all levels with the council over the past 18 months towards this final consent has involved sound judgement and bold vision combined. We are delighted to now be in a position to progress this impressive office scheme onwards towards the construction phase.”

Conor Osborne, chief executive of Osborne and Co, said: “Glasgow is a key regional business hub recognised most notably for financial services, life sciences and renewable energy. We are confident that this ambitious development will help Glasgow to fulfil its full potential by attracting global occupiers looking to invest and expand their UK presence and benefit from the skilled local workforce Glasgow has to offer.”

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