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29th November 2010 Email: info@estatesgazette.com Sales: 0845 3088811


EGi Deals & UK Cities Newsletter - Glasgow

Deals Update

Congratulations to Ryden, who achieved the first place in the EGi Glasgow office disposal league table for 2010. This table was published in the Estates Gazette on 27th November and was based on the amount of office sq ft let and sold in Glasgow in the past year. 2008 to 2010 office disposals are compared in a chart below.

Congratulations also to winners of the EGi Glasgow deals competition; Jones Lang LaSalle scooped the Most Active National Agent whilst Ryden was crowned the Most Active Overall Agent. This competition, based on EGi Research, counted the number of all commercial property deals in the past year. Rankings by sector in the Glasgow market can be seen below.

For in-depth Glasgow City Centre building information please search on EGi UK Cities Service.


Submitting Deals
Submitting deals to EGi is FREE and simple - click for a deals form Alternatively call 020 7911 1782 to find out more.


Contact Information
For further information about this newsletter or EGi Deals & UK Cities Database please contact Zoe Bond on 0161 246 1045 .


EGi Glasgow Deals Winners Jones Lang LaSalle with EG's Damian Wild and Stacey Meadwell
 
 
Top Agents by number of deals between October 09 to September 10
 
OFFICE
  1. Ryden
  2. CB Richard Ellis
  3. Lambert Smith Hampton
  4. Jones Lang LaSalle
  5. GVA Grimley

RETAIL/LEISURE
  1. Cushman & Wakefield
  2. Jones Lang LaSalle
  3. BTW Shiells
  4. Culverwell
  5. Ryden
INDUSTRIAL
  1. Ryden
  2. Jones Lang LaSalle
  3. James Barr
  4. GVA Grimley
  5. Knight Frank
 
Glasgow Office Agency League Table Chart by Sq Ft 2008 – 2010*
 

* Office occupational sales and lettings only in Glasgow. The table refers to agents acting for the lessor or the vendor. Joint agency deals are related to both agents.

 
Key Office take-up in Glasgow - October 2009 to September 2010
 
Address Size (sq ft) Size (sq m) Lessor's/Vendor's Agent Lessee/Purchaser

Clarion,
69 Wellington Street, Glasgow

 68,309 6,346 CB Richard Ellis/ Ryden NFU Mutual Insurance Society Limited

One Waterloo Street, Glasgow

 52,916 4,916 DTZ/Ryden Scottish and Southern Energy

G1 Glasgow,
1-7 George Square, Glasgow

 40,000 3,716 CB Richard Ellis/ Lambert Smith Hampton MacLay Murray & Spens

Alexander Bain House, 15 York Street, Glasgow

 31,000 2,806 GVA Grimley Royal & Sun Alliance Insurance Group plc

225 Bath Street, Glasgow

 21,204 1,970 Jones Lang LaSalle/ Ryden Cunningham Lindsey International
 
Key Planning Applications/Permissions - October 2009 to November 2010
 
Address Size Proposal Status Submitted/Granted

St Andrew House, 141 West Nile Street

Hotel: 210 Bedrooms

 Change Of Use Permission

Submitted 26/10/09

Granted 18/02/10

Savoy Centre, 136-160 Sauchiehalll Street

 Office: 64,583 sq ft, Hotel: 221 Bedrooms, Retail: 29,547 sq ft Extension Permission

Submitted 11/06/09

Granted 30/07/10

The Avenue At Mearns, Ayr Road

Retail: 46,000 sq ft

 Extension Permission

Submitted 04/12/08

Granted 07/04/10

Telfer House, 74 Miller Street

Residential: 37 units

 Change Of Use Application

Submitted 18/06/10

Fleming House, 134 Renfrew Street

Student Accommodation: 59 Bedrooms

 New Build Application

Submitted 26/07/10
 
Construction Pipeline - January 2010 to December 2010
 
Under Construction
Scheme Size Proposal Completion Agents

Copenhagen Building, Hope Street

Office: 59,351 sq ft Retail: 5,651 sq ft

 Refurbishment/ Extension 2011

Knight Frank/ MacManus Property Consultants

Phase One, Collegelands, High Street

Office: 90,000 sq ft, Hotel: 200 Bedrooms, Student Accommodation: 640 Bed-spaces

 New Build 2011

CB Richard Ellis
73-77 Waterloo Street Hotel: 96 Bedrooms Change of use 2011 N/A
Completions
Scheme Size Proposal Completion Agents

Clarion, Wellington Street

Office: 75,000 sq ft

 New Build 2009 Jones Lang LaSalle/ Ryden
20-26 Buchanan Street

Retail: 35,000 sq ft

 Change of use 2010 DTZ
G1 Glasgow, George Square Office: 127,000 sq ft New Behind Façade 2010 CB Richard Ellis/ Lambert Smith Hampton

Citizen M, 60 Renfrew Street

Hotel: 198 Bedrooms

 New Build 2010 N/A
 

Key Investment Sales by price in Glasgow - October 2009 to September 2010

 
Address Type Price Vendor's Agent Purchaser
141 Bothwell Street

Office

 £66.5m DTZ Strathclyde Pension Fund
Broadway One, 200 Renfield Street Office £51m Ryden KanAm International Developments
61-79 Buchanan Street Office £36.4m Cushman & Wakefield Henderson Global Investors
66-72 Buchanan Street Retail £14.8m Cushman & Wakefield Rushbond
145 St Vincent Street Retail £11.7m BNP Paribas Real Estate Scottish Widows Investment Partnership

 
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