scottish news |
PG PAPER ANNOUNCES TWO YEAR LEASE EXTENSION AT GREENOCK’S CUSTOM HOUSE F
ollowing a period of negotiation between landlord Riverside Inverclyde (ri) and PG Paper Company Ltd, a leading global exporter of paper, a two year extension of the company’s existing lease at Greenock’s Custom House has been agreed. PG Paper Company currently leases 3,896 sq.ft at the Georgian architectural masterpiece, and has been a tenant of ri’s since phase three of the restoration of the
building was completed in September 2015.
Created and driven by CEO Poonam Gupta OBE in 2003, PG Paper has grown rapidly, and is now one of Scotland's biggest exporters with a presence in 55 countries across five continents. It exports over 95% of sales to the Indian subcontinent and South East Asia, primarily from its Greenock headquarters. PG Paper currently employs approximately 22 people at the Custom House and has plans to deliver a further 20 new jobs thanks to securing a £10 million funding packing from Santander Bank, aimed at helping it to expand into new and emerging markets in China, India and South America.
From left to right: Andrew Bowman – Head of Business Investment; riverside
inverclyde, Fiona Stewart – Logistics Manager; PG Paper, Poonam Gupta OBE – Chief Executive Officer; PG Paper, David Martin – Property Asset Manager; riverside inverclyde
Andrew Bowman, Head of Business Investment at ri said: “Ri has a focus on
The lease extension with PG Paper is the latest milestone for ri, which has breathed new economic life into many projects in the area. Over £70m has been committed to the area by the company over the past 10 years, transforming a number of sites across Inverclyde. Restoration of the Custom House has
taken place in four phases over four years. To date £4.1 million has been spent on transforming 18,000 sq.ft of productive business space, which has been eagerly snapped up by companies including PG Paper, Toshiba Global Commerce Solutions and Joules, as well as local web design and printing business IL Media.
The last remaining space is the Long Room and associated rooms at 4,000 sq.ft, with interest in the available space being progressed by ri.
For further information please visit:
www.riversideinverclyde.com
OFFICIAL OPENING OF GREENOCK’S 200 YEAR OLD CUSTOM HOUSE
R
iverside Inverclyde, the organisation charged with the economic regeneration of Inverclyde, celebrated not only the completion of the refurbishment of Greenock’s Custom House, but also its 10 year anniversary at a ceremony held at the lovingly restored, 200-year old Georgian Custom House on Friday November 3. Martin Brennan, Provost of
Inverclyde, who formally re-opened the building and unveiled a plaque to mark the occasion, said: “The upgrading of this building, ably delivered by the team at Riverside Inverclyde, has helped to preserve this landmark for the current and future generations.”
Also present was Her Majesty’s Lord-
Lieutenant of Renfrewshire, Mr Guy Clark, Fiona Maguire, Chief Executive of Riverside Inverclyde and project architect, Tom Connelly of Elder & Cannon. Restoration of the Custom House has been a six year, £6 million project for Riverside Inverclyde. And while the Custom House is the jewel in the crown, the organisation has been the driving
COMMERCIAL PROPERTY MONTHLY 2017
force behind much of the Inverclyde’s recent renaissance, including the Riverside Business Park, which employs 600 staff, the creation of James Watt Dock Marina and water-and-wind- proofing of the Sugar Warehouse, designed by Walter R Kinipple, and completed in 1886.
Ms Maguire, said: “It has been a
stellar decade of achievements for Riverside Inverclyde, almost too many to list. Being able to cap the 10 years with the completion of this iconic piece of Greenock history is magnificent. “We are not resting on our laurels, though; we have a number of projects currently in the pipeline, including Baker Street, a dedicated Food and Drink Incubator Hub in Greenock, and the development of a new spur road into Port Glasgow Town Centre.” Over the past decade, the
organisation has obtained more than £73million direct investment in Inverclyde, from a variety of sources. These include modern business centres in Gourock (Municipal Buildings), Greenock (Victoria House), and Port Glasgow
19
(Scarlow House). In addition to developments and
restorations, Riverside Inverclyde has setup networks of local construction companies and community hubs, such as the Local Construction Forum, the Regeneration Forums as well as delivery of the Community Benefits Programme, which provides the benchmark to maximise opportunities for local people.
helping local businesses to grow and this is another great example, with the additional jobs a welcome boost for Inverclyde. We value our relationship with PG Paper and we wish Poonam and her team continued success.”
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108
