BAM TCP Atlantic Square and HM Revenue & Customs officials broke ground at an A-listed former warehouse building at Atlantic Square in Glasgow, Scotland.
Located in the heart of the International Financial Services District, HMRC will lease the ten-storey new building.
This building will feature 187,205ft² of office space for a minimum of 20 years.
The Grade A building will accommodate around 2,700 employees by the end of 2021. It will be one of the 13 new HMRC regional centres.
A joint venture between BAM Properties and TCP Developments Limited for this building, designed by BAM Design, has been offered by Legal & General on behalf of Legal & General Retirement, which invests in UK assets.
The building will be constructed by BAM Construction. The former warehouse was built by retailer William Whitley in the mid nineteenth century.
Due to pre-letting of Building 1 at Atlantic Square, developers have been able to speculatively build and fund Building 2, which will offer 96,650ft² of office space that would be ready to be occupied in autumn 2020.
BAM Properties managing director Dougie Peters said: “Using the latest technology we’ve been able to virtually show our HMRC colleagues the building in great detail but nothing beats the experience of viewing the site first-hand. Piling is well underway and you can now start to see the building take shape.”
HMRC regional implementation lead Fiona Wallace said: “This significant milestone in the Atlantic Square development is the result of months of planning and preparation.
“When it is built, the new building will mean our staff can work in a modern and bright environment and work collaboratively with other teams, to increase our effectiveness in collecting taxes. The building work is just the beginning of cementing HMRC’s presence in Scotland to create a tax authority fit for the future.”