BAM and Taylor Clark to develop £100m office scheme in Glasgow

28 September 2014 (Last Updated September 28th, 2014 18:30)

UK-based BAM Properties and Taylor Clark Properties have revealed plans to jointly develop a new office scheme in Atlantic Square, Glasgow, which would cost upwards of £100m.

UK-based BAM Properties and Taylor Clark Properties have revealed plans to jointly develop a new office scheme in Atlantic Square, Glasgow, which would cost upwards of £100m.

The proposed plan includes the development of two commercial buildings scaling ten-stories and six-stories high, respectively.

Designed by architects Cooper Cromar, the ten-storey building will have an area of 180,000ft², whereas the other will be 80,000ft². Both buildings will use the ground floor as retail space.

A third building comprising retail and residential accommodation is also covered in the master plan.

"We believe the time is right to combine our expertise to deliver this striking mixed-use development."

Supporting up to 2,750 jobs in the region, the design of the project is expected to retain the façade of the listed warehouse buildings on the site that were constructed in the early 20th century.

BAM Properties development director Michael Smart said: "This is a strategic alliance between Taylor Clark, which owns the site, and BAM as a developer and contractor with a substantial track record in bringing attractive sustainable developments to the market.

"This project builds on our positive experience at our CONNECT110NS development in Queen Street. We have carefully researched the supply pipeline and have identified a strong undercurrent of demand from top-grade companies and organisations.

"Together, we will create a state-of-the art development that will meet the requirements of forward thinking business tenants and investors."

Taylor Clark Properties managing director Jon Brand said: "A lack of grade A space is limiting investment in the city and with rents stabilising, we believe the time is right to combine our expertise to deliver this striking mixed-use development."

Both firms are working on obtaining planning permission from Glasgow City Council, following which development work will start immediately.