Phase One of the £14 million Clyde Gateway East Business Park project is now underway.
Work began at the end of January 2012 and will see the construction of three office buildings covering a total area of 57,500 sq ft on the Glasgow site. The buildings will offer modern, flexible business accommodation and will comprise three individual units measuring 22,200 sq ft, 19,200 sq ft and 16,100 sq ft respectively.
The units will be ideal for future tenants who want to rent a building that is suitable for both the production and distribution arms of their business.
Each unit will incorporate Smart Grid technology, which is a system that gathers and distributes the building’s energy to improve efficiency levels. The use of Smart Grid technology will allow prospective tenants to manage their energy usage more effectively and potentially provide tenants with the option to sell their self-generated power back to the grid.
SCOT Sheridan is the developer for Phase One, whilst RJ McLeod is the main contractor.
SCOT Sheridan Director, David MacLachlan, said:
“We’ve already had a tremendous amount of interest in these speculatively-built units due to the combination of a superb business location with modern, flexible buildings that put the needs of today’s business firmly at the heart of their design.
“The impressive levels of interest to date confirm our strong belief in the potential of Clyde Gateway East, which looks set to attract much-needed jobs to the area in the near future.”
Clyde Gateway East Business Park is owned by UK business estate operator MEPC and urban regeneration company Clyde Gateway. It is the first major new-build industrial development scheme to be undertaken in Glasgow for over three years.
MPEC is providing funding for the entire project and once work is complete the 14.6 hectare site will support approximately 700 jobs and provide up to 430,000 sq ft of business space to let.
The site is conveniently located within close proximity of Junction 2a of the M74 motorway, just four miles from Glasgow city centre.
Clyde Gateway Executive Director of Development, Steve Pritchard, added:
“This investment is another great demonstration of the willingness of the private sector to commit to Clyde Gateway.
“This particular location takes advantage of unrivalled road connections through its proximity to the recent completion of the M74 and is a huge vote of confidence by SCOT Sheridan and MEPC in our ongoing activities to fully transform the fortunes of our communities.”
Phase One of the Clyde Gateway Development is scheduled for completion in June 2012.