| scottish news
BALFOUR BEATTY AGREES LEASE TO OCCUPY 43,600 sq.ft IN MAXIM 7 M
axim Office Park has announced it has secured leading international
infrastructure group Balfour Beatty as a major new tenant, representing the largest office letting to take place at a business park in West Scotland in the last year. Balfour Beatty, Europe’s largest
construction company, is taking approximately 43,600 sq.ft across three levels in the ‘Maxim 7’ building on a ten year lease. Fit-out works have recently completed and staff are currently taking occupation. A Balfour Beatty spokesperson said: “As
part of its Build to Last transformation programme, Balfour Beatty is consolidating seven of its existing offices in Scotland in to one modern, state-of-the-art office located within Maxim Office Park at Eurocentral between Edinburgh and Glasgow. “This move will greatly enhance the
collaborative offering across the Scottish markets by bringing together a number of business units and enabling functions in to one location and will also significantly reduce the cost of our Scottish office footprint.” Balfour Beatty’s new home in Maxim 7
COMMENT
review, Scottish Property Federation Director, David Melhuish, said: “We give a cautious welcome to the
F
recent update, which contains some promising suggestions on streamlining and simplifying the plan-led system, including the use of simplified planning zones, bolstering the National Planning Framework and Scottish Planning Policy. “However, we continue to hold major
reservations over the prospect of a Scottish Infrastructure Levy and further discretionary fees on the back of a six- fold increase in the planning fees cap in Scotland. Any increase in fees paid by the private sector needs to result directly in an injection of additional resources for planning services, delivering stronger leadership that supports appropriate development and encourages new investment in our built environment. Unfortunately, we have yet to see full commitment by planning authorities to tie fees to better outcomes in the way that’s needed. Moreover, while infrastructure delivery is a key challenge under the current system, its reform will be a key test of success for the proposals in the consultation paper.”
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ollowing the recent update on the Scottish Government’s planning
B Craig Ritchie from Maxim Office Park
added: “It is great news that I can confirm we’ve secured Balfour Beatty as a new tenant at the park, an internationally renowned organisation involved in some of
BELLAHOUSTON
ellahouston Business Centre, formerly Bellahouston Academy, where
generations of Glaswegians were educated, is close to full capacity following an extensive marketing campaign by DM Hall, one of Scotland leading independent firms of Chartered Surveyors. The Grade B listed Bellahouston
Business Centre, which sits back from Paisley Road West on the south side of Glasgow, opened in January 2016 following extensive refurbishment throughout to high spec office accommodation. Letting agent, Michael Macleod of DM
Hall said: “We have been impressed at how quickly the Bellahouston Business Centre has been all but filled-up. We have let out all but six of the 27 office suites so far, with eight of these being taken up since the start of this year.” Accommodation is available for lease
as a whole or in individual suites ranging from 401 to 658 sq.ft with a minimum rental term of twelve months. Visitors are greeted at a staffed
reception desk, which is set in a central atrium. In total 27 office suites are situated on two floors around the perimeter of the central atrium. Meeting rooms are available on request and there is extensive car parking for tenants and visitors.
occupies a prime location on the south side of the long, landscaped boulevard in the park. Incorporating dramatic entranceways and a sky-lit atrium, the building also has quiet outdoor courtyards and seating spaces which can be enjoyed by the firm’s employees and guests. The building is also in close proximity to the park’s many amenities.
the biggest construction and infrastructure projects in the world. I’m sure it will benefit from Maxim 7’s modern and environmentally efficient working environment. “Now it is open, the upgraded M8 is
having a major positive impact on the businesses along the motorway corridor and beyond, cutting up to 20 mins off the Glasgow to Edinburgh journey. The excellent accessibility the central Scotland road network provides, and the public transport offering at Maxim - the Park is serviced by over 130 buses a day - is making the decision to relocate to Maxim easy for businesses.” This year Maxim will be home to over
1,200 employees, working from more than 25 companies. The wider Eurocentral area is expected to employ 5,000 people by the middle of 2017. Maxim’s tenants can take advantage of
the growing number of on-site amenities. In addition to the children’s nursery, a restaurant, hotel, ATM and hairdressers are all available, alongside a fitness and beauty suite. The Park also lies within easy reach of the Glasgow Fort M8 shopping centre.
CHANGING WORLD W
hen long-serving DM Hall stalwart Lorraine Pearson first walked
through the firm's doors to begin her career 45 years ago, the world was a very different place. The average price of a house in Scotland, for example, was just £7,361, up from £5,592 the year before. As she settled in to meet her new
colleagues at the then office in Melville Crescent, she may well have listened to them discuss the football the following day, when Rangers took the European Cup Winners Cup by beating Moscow Dynamo at Camp Nou amid riotous scenes. And it's perfectly possible that she
may, like so many others that spring month, have been humming Amazing Grace, the surprise UK chart hit from the Pipes and Drums of the Royal Scots Dragoon Guards. She said: "So much has changed over
the years in the profession. We have evolved from pen and paper practices - which were not so different from when the firm was founded 120 years ago - to a connected world of the internet and instant communication." Lorraine, who has spent the whole of
her career in cash handling and has seen accountants come and go, is l–ooking forward to the 120th birthday celebrations.
COMMERCIAL PROPERTY MONTHLY 2017
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