www.glasgowchamberofcommerce.com 11 CITY ROUNDUP
Glasgow office investment on course to reach record levels
G
lasgow office investment is on course to reach record levels
this year in spite of fears over Brexit.
More than £420 million
was invested in office buildings in the city in the first 10 months of the year, with a further £183m worth of deals believed to be in the pipeline. It means that investment in Glasgow offices in 2017 is on track to reach beyond £600m by the end of the year, beating the previous annual high of £485m recorded in 2006. The Glasgow market has been boosted by major
Merchant City
deals this year including the £43.5m acquisition of the Capella Building by Wirefox Investment in September, and the £28m purchase of the Cuprum Building by Credit Suisse from Tristan Capital
Citizens Theatre refurbishment receives £2.5m from RCGF
The Citizens Theatre will receive £2.5 million from Glasgow City Council towards the £20.8m cost of the refurbishment of the theatre in the Gorbals. The money comes from the Regeneration Capital
Grant Fund (RCGF) with the theatre’s redevelopment viewed as a key regeneration project within the Gorbals.
AGM 2018: Notice of
Meeting Notice is hereby given that the 2018 Annual General Meeting of members of Glasgow Chamber of Commerce and Manufactures will be held in Glasgow Chamber of Commerce, 30 George Square, Glasgow on Monday 29 January 2018 at 5.15pm. The agenda for the AGM is as follows:
■ Minutes of Annual Meeting held on 30 January 2017
■ Report and Financial Statements for the year ending 31 October 2017
■ Council Membership. Nomination forms
for election as Directors are available from: The Business Service Manager, Glasgow Chamber of Commerce, 30 George Square, Glasgow G2 1EQ, and should be returned no later than Friday 22 December 2017.
Partners in January. This year has also seen the sale of 122 Waterloo Street by HFD Group to South Korean-based Multi Asset Global Investment, and the sale of St Vincent Plaza by property developer
Abstract to a division of US- based Starwood Capital. Overseas investors have
accounted for 41 per cent of deal activity so far this year, followed by private buyers (33 per cent) and UK institutions (26 per cent).
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