Concluding deals at 141 Bothwell Street

30 Oct 2009

Two more commercial lettings have been completed at 141 Bothwell Street, Glasgow, leaving the building 100% occupied within five months of practical completion.

Shell Shared Services has acquired the second, third and fourth floors comprising 61,000 sq ft.  Shell is relocating from their existing building in Gordon Street, Glasgow.

BNP Paribas Securities Services has taken the ground floor (east and west wings) extending to approximately 17,563 sq ft plus 3 car spaces.   The company already occupies space in the nearby Aurora Building, also on Bothwell Street, and will expand into 141 Bothwell Street later this year.

Bill Colville, office agency director at DTZ comments:  "The iconic 141 Bothwell Street is in the heart of Glasgow's central business district and within the city's International Financial Services District, offering a superior location for a broad range of occupiers.  The attraction of the building lies in large individual floor plates (typically 20,450 sq ft) and the fact that '141' is also the city's first BREEAM 'Excellent' rated building.

"Shell and BNP Paribas join occupiers including PricewaterhouseCoopers, HSBC and McGrigors Solicitors, leaving an impressive occupier profile within the building.

"These are the final deals on this 176,000 sq ft development by Edinburgh based Premier Property Group, meaning we have let the whole building within five months of practical completion, which has been a wonderful achievement for everyone involved.  The occupiers will benefit from being located within a statement building with great staff facilities."

Phil Reid, managing director of Phil Reid Associates comments: "141 is a fantastic building and PPG's commitment to offering stunning design and efficient practicality has shone through.  As the occupiers move in, the building is providing a superb environment for those who work there and to visitors.  It has shown that the best buildings will always attract quality occupiers even in difficult economic times."

DTZ acted as development consultants and leasing advisors to PPG throughout the project; Phil Reid Associates acted as joint leasing agent on Shell and BNP Paribas; Shell were represented by DTZ; BNP Paribas were represented by BNP Paribas Real Estate.

The professional team was led by Archial (Edinburgh), Davis Langdon and Gardiner & Theobald.

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