CBRE and Ryden Secure Four New Tenants for Framework on St Vincent Street
LEADING real estate advisor CBRE, alongside joint letting agent Ryden, has announced it has secured four new occupiers for Framework in Glasgow on behalf of Shelborn Asset Management.
Located at 124 St Vincent Street, Framework comprises 36,460 sq ft of contemporary city centre workspace over eight levels. Shelborn Asset Management purchased the building in 2019 and subsequently commenced an extensive refurbishment.
Jackson Boyd LLP has taken the whole of the first floor, extending to 5,430 sq ft, on a ten-year lease. The established law firm, which specialises in dealing with contentious litigation in the areas of personal injury, employment law and dispute resolution, is relocating from an office in Centenary House, 69 Wellington Street.
HR services firm The Adecco Group has taken the entire ground floor, extending to 2,056 sq ft, on a ten-year lease. This is the first new physical office for Adecco since it closed its branches during Covid and operated virtually.
Framework benefits from a fully equipped gym, a state-of-the-art cycle store, VRF air conditioning and suspended LED lighting with an exposed ceiling finish. It is also fibre-enabled, which ensures instantaneous, secure high-speed broadband is available. To help reduce the building’s carbon emissions, it is 100% electric from renewable sources and includes electric car charging stations.
Andy Cunningham, Senior Director at CBRE Scotland, commented: “We’re thrilled to announce these new lettings at Framework, a fantastic building offering flexible workspace in the heart of the city centre. Despite the difficulties surrounding return to work patterns in Glasgow, these deals are evidence of strong demand for high quality space in a central location with a focus on wellbeing.”
Shelborn recently launched a further phase of ‘Flex’ studios on the third floor of Framework – stylish, contemporary studios for 10 – 20 people let on flexible all-inclusive licences.
I-Multiply, a recruitment firm specialising in the financial sector, has taken one of the studios – Suite 7 – extending to 963 sq ft on a two-year lease. The company has relocated from an office on Buchanan Street.
First Marine Solutions has taken Suite 6, extending to 990 sq ft, on a three-year lease. The global service provider of temporary and permanent solutions to the offshore energy sector is moving to Framework from an office in St George’s building at 5 St Vincent Place.
Tim Jacobsen, Partner at Ryden, said: “Framework’s stunning studio spaces on the third floor are all fully furnished and available on flexible all-inclusive leases. It is no surprise they’re proving to be popular with occupiers with smaller requirements seeking Grade A offices with top sustainability features in a central location.”