Capella development reaches new heights

24 Feb 2009

Wilson Bowden's  landmark Capella development has reached its highest point and a 'topping out' ceremony was held to mark the occasion. Councillor Steven Purcell, leader of Glasgow City Council, was on-hand to lay the final trowel of concrete on the roof of the 11-storey building which is set for completion in August this year. The building is situated in the heart of Glasgow's International Financial Services District (IFSD).

The £35 million Capella development will be the tallest office building in the Broomielaw and will form the centrepiece of Atlantic Quay. In addition to 108,000 square feet of prime office space, the building's ground floor will also house 3,000 sq ft of retail and leisure space.

Despite the current economic climate, Capella has already generated significant interest from potential occupiers and last month, Wilson Bowden confirmed that MacRoberts LLP, one of Scotland's leading law firms, is to become the building's first tenant. The commercial law firm will relocate to Capella from its existing Glasgow premises at 152 Bath Street, by the end of 2009 and will occupy the top four floors, covering more than 33,500 square feet.

Councillor Purcell also unveiled new public realm works on York Street which include a commemorative plaque that celebrates Glasgow's, and in particular the Broomielaw's, maritime history.

Jim Fitzsimons, chief executive of the Capella Group which is managing the development on behalf of Wilson Bowden, said: "The Capella development is particularly significant as it represents the final building of three which Wilson Bowden has constructed at Atlantic Quay, and by providing over 113,000 sq ft of prime grade A office space, Capella will enhance the area's standing as Glasgow's most exciting commercial district. It is also the first building to have retail included at ground floor, reflecting the demand that exists from the 12,000 office workers who are now based in the area.

"Given the current economic climate, it's particularly pleasing that not only is the development progressing on schedule, but we have also managed to secure one of the largest recent office deals in Glasgow with MacRoberts LLP and are currently dealing with enquiries from a number of other interested parties.

"Throughout the development of Atlantic Quay, we have always been conscious of the area's vibrant history and its role as a port from which goods were exported to the four corners of the globe. As a centre of international trade, the Broomielaw is very much a modern version of the Broomielaw Quay of old and we felt it was important to mark this link between past and present.

"To remind people of the city's rich maritime history, we commissioned the commemorative plaque and street-level artwork which includes the names of some of the ports throughout the world that Glasgow had established trade links with.  In the year of "The Homecoming" celebrations it's particularly apt we acknowledge the history of the River Clyde in its role as a gateway to the rest of the world for many Scots."

Cllr Steven Purcell, the Leader of Glasgow City Council, added: "The IFSD is a major regeneration success story, offering top quality office space for some of the world's leading companies. A new and diverse economic base is being created in the business district and this building is yet another vote of confidence for Glasgow and its citizens.
 
"Glasgow is very much open for business despite the economic downturn we are all facing so I am delighted to see another part of the IFSD nearing completion. It is vital that we continue work in partnership to keep investing in jobs and skills so that when the upturn eventually comes, Glasgow will be ready to take advantage of the opportunities that come our way.
 
"It's also important that we never lose sight of the Broomielaw's past and I think it is entirely appropriate that the new public realm works celebrate its history. The River Clyde is a symbol of Glasgow's past success  and I am determined that it does not become a relic but instead an integral part of the prosperous 21st century city we are all helping to create."

  • Cllr Steven Purcell over-seeing the topping-out ceremony with representatives from Balfour Beatty, Wilson Bowden and Capella Group

Capella
  • Capella