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EGi Deals & UK Cities Newsletter - Glasgow 2009
 
Deals Update

Congratulations to DTZ, who achieved the first place in the EGi Glasgow office disposal league table for 2009. This table was published in the Estates Gazette on 28th November and was based on the amount of office sq ft let and sold in Glasgow in the past year. Within this newsletter you can find 2007 to 2009 office disposal league table charts for Glasgow. These examine leases and occupational sales by Sq ft.

Congratulations also to winners of the EGi Glasgow deals competition; Ryden scooped the Most Active Regional Agent whilst Jones Lang LaSalle was crowned the Most Active National Agent. This competition counted the number of all commercial property deals in the past year and was based on EGi Research. 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 to EGi and Estates Gazette is FREE and simple – click for a deals form.

Alternatively call 020 7911 1782 to find out more.

The EGi 2009 deals competition is now underway.

Send your 2009 deals, big or small, to deals@egi.co.uk before 8th January to take part.

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Deals Winners Glasgow: Jones Lang LaSalle and Ryden
 
 
Top 5 Agents by number of deals between October 08 to September 09
 
OFFICE
  1. Ryden
  2. Jones Lang LaSalle
  3. CB Richard Ellis
  4. DTZ
  5. Cushman & Wakefield/GVA Grimley

INDUSTRIAL
  1. Jones Lang LaSalle
  2. Ryden
  3. Colliers CRE
  4. James Barr
  5. GVA Grimley/King Sturge


RETAIL/LEISURE
  1. Culverwell
  2. Cushman & Wakefield
  3. CB Richard Ellis
  4. Colliers CRE
  5. Eric Young & Co/Ryden
 
Glasgow Office Agency League Table Chart by Sq Ft 2007 – 2009*
 

* 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 08 to September 09
 
Address Size (sq ft) Size (sq m) Lessor's Agent Lessee

Broadway One,  Renfield Street

126,172 11,722 DTZ/Ryden Tesco Personal Finance Group

Collegelands, High Street

88,845 8,254 CB Richard Ellis Glasgow City Council

141 Bothwell Street

61,199 5,686 DTZ/Phil Reid Associates Shell

Capella, Atlantic Quay

34,635 3,218 CB Richard Ellis/Jones Lang LaSalle MacRoberts

141 Bothwell Street

28,000 2,601 DTZ PricewaterhouseCoopers
 
Key Planning Applications/Permissions - October 08 to November 09
 
Address Size Proposal Status Submitted/Granted

Land Between Carrick Street & Brown Street

Residential: 206 Units, Hotel: 135 Bedrooms

New Build Application Submitted 26/01/2009

Savoy Centre

Office: 64,583 sq ft, Hotel: 221 Bedrooms, Retail: 29,547 sq ft Extension Application Submitted 11/06/2009

75 Waterloo Street

Hotel: 96 Bedrooms

Change Of Use Application Submitted 23/10/2009

110 Queen Street

Office: 242,500 sq ft, Retail, 14,000 sq ft

New Build Permission

Submitted 04/06/2008

Granted 27/03/2009

240 Bath Street

Office: 45,000 sq ft, Hotel: 210 bedrooms

New Build Permission

Submitted 15/01/2009

Granted 11/03/2009

1,2 & 3 Atlantic Square

Office: 227,000 sq ft, Hotel: 150 Bedrooms New Build Outline Permission

Submitted 09/04/2009

Granted 26/10/2009

 
Construction Pipeline - January 09 to December 09
 
Under Construction
Scheme Size Proposal Completion Agents

Clarion, Wellington Street

Office: 75,000 sq ft New Build 2009 Jones Lang LaSalle/ Ryden

Copenhagen Building, Hope Street

Office: 59,351 sq ft

Retail: 5,651 sq ft
Refurbishment/ Extension 2009

Knight Frank/ MacManus Property Consultants

G1 Glasgow, George Square

Office: 127,000 sq ft

New Behind Façade 2010 CB Richard Ellis/ Lambert Smith Hampton
Completions
Scheme Size Proposal Completion Agents

141 Bothwell Street

Office: 175,000 sq ft

New Build 2009 DTZ/Phil Reid Associates
Broadway One, Renfield Street Office: 126,172 sq ft New Build 2009 DTZ/Ryden
One Waterloo Street Office: 58,264 sq ft New Build 2009 DTZ/Ryden
Capella, Atlantic Quay

Office: 113,000 sq ft

New Build 2009 CB Richard Ellis/Jones Lang LaSalle
2 West Regent Street Office: 78,000 sq ft New Build 2009 DTZ/ GVA Grimley
 

Key Investment Sales by price in Glasgow - October 08 to September 09

 
Address Type Price Vendor's Agent Purchaser

Lomond House, 9 George Square

Office £18m Jones Lang LaSalle Epic Properties

56-76 Argyle Street

Retail £9.45m Cushman & Wakefield Private Investor

220 St Vincent Street

Office £6m CB Richard Ellis/Ryden Protego Real Estate Investors

227 West George Street

Office £5.1m Cushman & Wakefield AXA Real Estate Investment Managers

Colvilles Park

Industrial £3.4m Sanders Cartwright Private Investor
 
 
Contact Information

For further information about this newsletter or EGi Deals & UK Cities Database please contact Rachel Wright on 0161 246 1053

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