| scottish news IN MY VIEW...


Sarah Baillie, Planning Partner at international law firm, Addleshaw Goddard, shares her views on the introduction of the Planning Bill into the Scottish Parliament today. Sarah said: "We are pleased to see the continued commitment to improving the planning system and the introduction of Planning Bill into the Scottish Parliament today. Scotland’s economy needs a flexible, positive and effective planning system, and whilst much work has been undertaken since 2015, we expect that significant questions will be raised during the


Sarah Baillie progress of the


Bill. Much information is also still required on the specifics of implementation of new legal and policy mechanisms, even if the Bill does go through. “The challenge of delivering both more, and good quality housing, and the approach to infrastructure provision is far


from resolved - it can't be left to just the planning system to resolve. Also, if there really is to be a step change from that of a regulator, to a positive and active enabler of good quality development and a shift from reacting to proactively supporting investment and development proposals, then there needs to be a significant cultural change and the Bill alone won't provide that.


“Local planning authorities need to be adequately resourced in both financial and human terms, and, having graduated with a planning degree, it stems from the grassroots up starting with Scottish universities creating courses that attracts students to continued and adequate professional development and support for the planning profession, to ring-fencing planning application fees for the planning department. “A bill committee will now be formed


to take evidence and make


recommendations and this will provide a real opportunity to participate in the bill's legislative scrutiny. We would actively encourage the property industry, planners and other key stakeholders to fully engage, share their innovative ideas, views and opinions with any calls for evidence by the Scottish Parliament.”


ONE80 ST VINCENT STREET LANDS NEW OCCUPIER


new tenant following a major refurbishment across its nine floors. 180 St Vincent Street welcomes


O


accountants and business advisors Alexander Sloan, who chose to relocate its Glasgow office from Cadogan Street to the seventh floor of the building.


ne of Glasgow’s most sought after business addresses has welcomed a


five vacant floors together with transforming the main reception area. JLL acted jointly with Ryden to let the space on behalf of its owners. One80 St Vincent Street is located


within Glasgow’s Central Business District and International Financial Services District, offering prime Grade A office space within walking distance of Queen Street and Central Station and Buchanan Subway Station. It is also only a few minutes’ drive from Junction 19 of the M8.


The 9th floor, which also has a


balcony, is currently available to let alongside other suites in the building. Claire Watson from JLL in Scotland


Alexander Sloan signed a 10-year


lease for 5,082 sq.ft of space, including a large balcony with views to the south of Glasgow City Centre. Existing tenants at One80 include


Xodus Group and EBV Electronic. Building owners Northwood Regional UK oversaw a major refurbishment over


22


said: “Glasgow’s office market has struggled to find supply to meet demand in recent times, thanks mainly to a lack of new developments in the city centre. The refurbishment of One80 St Vincent Street goes some way to redress this balance, providing high quality, centrally located business space where it is needed the most. Alexander Sloan, having signed up for a ten year lease can be confident that they’ve secured one of Glasgow’s most sought after business addresses which we expect will continue to draw significant interest from occupiers.”


WELL AP EXPERTISE C


ushman & Wakefield’s Julia Butterworth has become one of a select group of people in Europe to be accredited to assess the ‘wellness’ of commercial buildings.


Julia, who splits her time between


London and Edinburgh, has become an internationally recognised WELL AP (Accredited Professional) who can assess building projects against healthy standards designed to encourage occupier productivity.


The WELL Building Standard takes into


account over 100 features reviewing air, water, nutrition, light, fitness, comfort and mind, all of which are based on scientific research concerning how the physical environment can be designed to improve the overall health, mood, sleep and performance of a building’s occupants. Alan Somerville, Head of Energy, Infrastructure & Sustainability EMEA commented: “The Wellbeing agenda is a global socio-economic change which is happening all around us and is vital to employers serious about retaining talent. We have seen a significant change in the market with intelligent energy, sustainability and wellbeing programmes now at the forefront of the agenda for both occupiers and investors.


GVA AND PRSIM ADVISE


ollowing the launch of its new fully integrated and nationwide Build-to- Rent (BTR) service with PRSim in September, GVA announces that the strategic partnership has been appointed by Scottish Futures Trust (SFT) to advise on the Rental Income Guarantee Scheme, the Scottish Government’s landmark policy for supporting the emerging professionally managed BTR sector. GVA and PRSim have been appointed to the Property Advisory Panel for the Rental Income Guarantee Scheme, which aims to unlock potential BTR developments with at least 30 units, through the mitigation of risk around the initial rent stabilisation period. Through the scheme, the Scottish Government will underwrite 50% of any shortfall in rental income that is between 75% and 95% of the agreed annual core rental income forecast (ARIF), the annual cost of which will be 1.22% of the ARIF. In their advisory role, GVA and PRSim will jointly assess and report on an applicant’s ARIF in order to agree a benchmark for Scottish Government support, creating attractive investment opportunities that will facilitate the growth of BTR in Scotland as well as deliver much needed accommodation against a backdrop of a continued housing shortage.


F COMMERCIAL PROPERTY MONTHLY 2017


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