Consent granted for major Glasgow office scheme
M&G Real Estate has been granted planning consent for its £100M office redevelopment at Corunna House in central Glasgow.
The developer will shortly be looking to employ a contractor to demolish the two existing Corunna House buildings and build a new 12-storey block with 25,500m² of office space.
Work on the building, which will be rebranded 33 Cadogan Street, is expected to start in the second quarter of 2018 and the new building will include a retail unit on the ground floor, 64 car parking spaces and cycle parking for up to 320 bikes with spa quality showers and changing rooms.
Glasgow City Council has unanimously approved the proposals to demolish the existing buildings and develop this modern, Grade A office development with new public realm just a few minutes’ walk from Glasgow Central Station.
Lynn Smith, Director – Development Management at M&G Real Estate, said: “There is a clear occupier appetite for high quality office space in Glasgow and a lack of supply in the city’s office market, which makes it a prime location for investment. We are confident that 33 Cadogan Street will attract a strong line-up of tenants, bringing new jobs to the city, and we are looking forward to beginning this exciting project.”