New 27-acre office park in Glasgow to create 12,000 jobs
The Shawfield development will comprise a massive office park as well as shops, cafes and gym
A new 27-acre office park in Scotland's largest city will create around 12,000 jobs.
The development in the east end of Glasgow will comprise 1.2msq ft of office space next to the River Clyde and M74, around ten minutes from the city centre.
The former Shawfield development in Clyde Gateway is expected to bring 12,000 jobs to the area once completed.
The site, to be named Magneta, will be a satellite business district and one of the UK's largest office parks.
Magenta is the largest office development with planning consent in Scotland and will create a new national business district for the central belt.
Around £20m in funding has been provided from Clyde Gateway for public realm and infrastructure works to the site.
Adrian Hill, director of developer Highbridge Properties PLC said: "When I first saw this site it reminded me of London Docklands in the early years - so much potential and so close to the city centre.
"Magenta is a very compelling option for businesses, boasting superb connectivity, infrastructure and value for money.
"The location is first class - a stunning riverside development that's just ten minutes from the city centre, 15 minutes from Glasgow Airport, two minutes from the M74, and with ample parking available on site.
"As the site can accommodate large modern floorplates, Magenta offers flexible and bespoke solutions which can be tailored to meet a company's exact needs."
Ian Manson, chief executive at Clyde Gateway said: "This is an extremely exciting time for the Clyde Gateway area and I am delighted to have appointed Highbridge as our commercial development partner - a company with a fantastic track record in delivering high quality business parks.
"Magenta will give the local economy and employment market a phenomenal boost. It will also attract new inward investment to Scotland and stimulate economic growth.
"Neighbouring the Magenta site, Police Scotland has already seen the massive benefits of locating over 1000 administrative, finance, and IT staff here and more and more companies are seeing first-hand why this area is such an attractive proposition for investment and the ideal location to do business."
It is expected that, as well as office space, Magenta will support a number of shops, cafes, a gym and business centre. Cushman & Wakefield and Savills have been appointed as joint marketing agents on the development.