THE Skypark office complex in Glasgow’s fashionable Finnieston district has achieved 13 lettings and lease-renewal deals, covering a total of 37,497 sq ft of space, in the last six months.
Skypark said the activity reinforced “strong tenant growth and retention”.
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The deal activity comprises 16,127 sq ft of new lettings and 21,370 sq ft of lease renewals. Skypark said the latest company to expand at the campus, car-leasing firm Fleet Alliance, was taking an additional 3,324 sq ft of space on a five-year lease, to occupy a total of 9,939 sq ft. It noted skin-care specialist Dermalogica had taken 2,037 sq ft on a new five-year lease.
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Skypark added that it had taken on new leases with Travel 2 and motor-finance firm Startline, and flagged two new lettings at its Skyhub business centre.
Martin Brown, managing director of Fleet Alliance, said: “We have been going through a period of rapid growth in the last 12 months, which now sees Fleet Alliance manage over 37,000 vehicles worth a combined value of over £1 billion. We are expecting greater growth in the coming months and the additional business space at Skypark will provide the scope for us to accommodate this.”
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Stephen Ellis at Hermes Investment Management, which is the fund manager behind Skypark, said: “Skypark’s…offering is continuing to attract new tenants, all whilst supporting the diverse needs of its existing occupiers and delivering an extensive range of amenities.”
Skypark’s strategic lettings adviser, Angela Higgins of Resonance Capital, said: “We are at the start of a long-term investment plan that will see the site evolve significantly, ensuring Skypark will continue to form a cornerstone of Glasgow’s future economic strength.”
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