A property fund managed by Clearbell Capital has received planning permission for the refurbishment and extension of 150 St Vincent Street in Glasgow.
Occupying a corner location in the city centre, the building was constructed in 1976 and acquired by the private equity and property manager in December 2021.
The current building is 70,000 sq ft and will be extended to circa 150,000 sq ft over basement, ground and nine upper storeys.
Clearbell is aiming to transform the building, with sustainability at the heart of the refurbishment, re-using and re-purposing the existing building structure in order to limit the additional embodied carbon.
In order to further minimise the impact on the environment, the building will be fully electric, with no reliance on fossil fuels on the site and should get a rating of EPC A.
The building is also being redesigned with wellness at its heart – the basement will have a gym/yoga studio, storage for 200 bicycles, together with changing, shower and drying facilities.
So-called 'pocket parks' will welcome the tenants on both St Vincent Street and Wellington Street, while a new reception should offer additional occupier 'breakout space'.
Rob West, partner at Clearbell Capital, said: “The design and spec for this building has had sustainability at the heart since day one.
“With Glasgow Grade A supply at historically low levels, the market is demanding best in class offices with a minimum carbon footprint. 150 should set the benchmark for others to follow.”
Clearbell is being advised by JLL, Avison Young, Sheppard Robson architects and Woolgar Hunter structural engineers, alongside Atelier 10 M&E as consultants and Thomas and Adamson as cost consultants.
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