Glasgow Business . 11
www.glasgowchamberofcommerce.com
City centre property
New wave of development demonstrates confidence
Glasgow city centre has seen a wave of new property development. Atlantic Square will feature 280,000 square feet of office space, 20 one and two bedroom flats and a restaurant. The development is a joint venture
between BAM and Taylor Clarke and is bounded by York Street, Argyle Street and James Watt Street. It will feature a six-storey block of
flats in addition to a seven storey and a 10-storey office block. Public realm works around the buildings will feature special lighting, seating areas and high quality planting. Abstract (Glasgow) is redeveloping
Mark Smedley, President, EMEA
region, Life Sciences Solutions (left) and Jim Carswell, Operations & Site Leader, holding the Advanced
Granulation Material media
Biotechnology
Thermo Fisher in £14 million Inchinnan plant expansion
Thermo Fisher has expanded its innovative Inchinnan plant with the unveiling of a £14 million facility that uses leading-edge technology to make products for drugs that treat flu and other diseases. The company said the
investment would bring continuity of supply for its clients with the new plant backing up its existing facility at Grand Island in upstate New York. The move is good news for the
west of Scotland workforce who switched to Thermo Fisher when the company took over the then Life Technologies in a deal worth $13.6 billion in 2013. It will add a further 30 jobs to the existing 600-strong workforce at Inchinnan.
Thermo Fisher is investing £12m in the facility with a further £1.9m in the form of a Regional Selective Assistance (RSA) grant secured through Scottish Enterprise. It represents the biggest
investment at the Inchinnan site since a third building was added in 2009, with the RSA grant having been crucial to the project going ahead. The site uses Advanced Granulation Technology (AGT), which is used in the production of about 400 drugs. Mark Smedley, Thermo Fisher’s
president for Europe, the Middle East and Africa, said the plant would back up the New York plant,
ensuring a pipeline of products for its clients.
He said: “The facility we have in
Scotland is now the expansion to that, and the purpose is to supply not only the capacity that we need – this is a rapidly growing product line – but also to be able to supply product a lot closer to a lot of our customers in Europe.” He added: “One of the challenges if you are a bio pharma and you are producing life- saving drugs is that you have a commitment to patients to make sure you don’t run out. “As a result, we have the same
commitment to our customers to make sure they don’t run out.”
the former building at 303 St Vincent Street in a speculative project. The redeveloped building will be
called St Vincent Plaza and when complete will comprise 170,000 square feet of Grade A office space. Abstract said that it would be
offering BREEAM “excellent” grade space in the new building at £23 per square foot. Nearby ARUP has taken the whole
seventh floor of 1 West Regent Street, giving it 13,681 square feet of space. Clearbell and M&G Real Estate are
together developing the 11-storey building which comprises a total of 143,000 square feet of Grade A office and retail space. Stuart Patrick, Chief Executive
of Glasgow Chamber of Commerce, said: “These new office developments are good news for the city. They demonstrate a real confidence in the Glasgow economy. The new developments coming on to the market are attracting strong demand. We therefore need a steady supply of Grade A office space to make sure we can respond to both growing local companies and new inward investment enquiries.”
Stuart Patrick
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