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12/10/2017

Milestone Reached £9m Glasgow Office Development

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A project milestone has been reached on a £9 million office development project in Glasgow.

Contractors Robertson have the achieved 'topping out' stage of the Red Tree Magenta building and completion is on schedule for summer 2018.

The four-storey building is being delivered as part of the Magenta @ Clyde Gateway scheme, a new 1.2 million sq ft urban business district set across 27 acres next to the River Clyde.

The 3,780 sq m Red Tree building will provide Grade A business suites ranging in size from 10 to 168 sq m, aimed at encouraging the growth of SMEs and creating local employment opportunities for local people, including those moving into the area's new residential developments.

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Guy Marsden, director at Highbridge Properties PLC, Clyde Gateway's development partner for Magenta, said: "Topping out is a major construction milestone in what is a landmark project – the very first building  at Magenta, which will eventually become one of the UK's largest office locations."

Ian Manson, Chief Executive of Clyde Gateway, added: "This £9 million investment marks the beginning of what will be a remarkable and eye-catching regeneration of Shawfield. These offices are the third to be developed by Clyde Gateway under the Red Tree brand, with two already in place at Bridgeton and Rutherglen, but this is the first to involve a complete new-build."

(LM/MH)

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