Magenta at Clyde Gateway - Glasgow
Scotland’s first green business park, offering city-centre spec space at a third of the cost.
Located on the edge of Glasgow city centre, Magenta is a new urban office park with exceptional infrastructure connectivity in a riverside location.
Glasgow’s shortage of grade A office space is a fantastic opportunity to establish yourself in Glasgow without costs associated with CBD real estate. The campus setting has planning for 111,500 sq m commercial space, hotels, residential and other mixed uses, and plans to develop out a 5th generation heating and cooling system.
Clyde Gateway seek investor, equity, co-development, development funder, and construction partners with additional investment available in the wider area.
111,500 sq m of Grade A office space plus hotel, residential and industrial opportunities
£200m GDV
with £20m already invested in new access and energy infrastructure
Located 2km
east side of Glasgow city centre
2014 Commonwealth Games legacy
Project is next door to world-class sports facilities - Emirates Arena and Sir Chris Hoy Velodrome
This new urban business district benefits from planning consent for up to 111,500 sq m of Grade A office accommodation on the edge of Glasgow city centre. The area is well served by a new rail station, upgraded national motorway network and is 15 minutes from Glasgow International Airport and offers a workforce of over 2 million within a one-hour journey.
2014 Commonwealth Games Legacy investment in the local area has resulted in award winning public realm and new world class sports facilities at the Emirates Arena and Sir Chris Hoy Velodrome.
The first phase of development, Red Tree Magenta a 3,250 sq m collaborative workspace, was 50% pre-let and is now fully occupied. The site benefits from a district heating and cooling network served from a local energy centre provided by a third party at no risk to investors.
Glasgow is facing a shortage of Grade A office accommodation, and vacancy rates are well below their 10-year average. Magenta at Clyde Gateway will be one of the UKs most extensive office parks, extending to 27 acres on the banks of the River Clyde.
The park sits within the urban fabric of the city alongside the newly re-located £22 million custom built Police Scotland Regional HQ helping to position this new district as an emerging part of the Glasgow business community.
Over £1.5 billion has been invested in the immediate area to date resulting in 100,000m2 of award-winning business space and 3,000 new homes.
Magenta is wholly owned by Clyde Gateway, a partnership between Glasgow City Council, South Lanarkshire Council and Scottish Enterprise. Highbridge Properties Plc is Development Partner to Clyde Gateway. CBRE, Savills and Ryden have been appointed as advisers to the project.
Magenta has the support of the Scottish Government and is part of the National Planning Framework (NPF3). Incentives are available to occupiers, including Regional Selective Assistance plus a range of other local authority/public sector initiatives.
Investment opportunities
Scotland’s largest consented commercial development site benefits from long term government support with over £20 million public funding already invested to create a shovel ready opportunity. As a result, a £200 million opportunity exists for investor, equity, co-development, development funder, and construction partners with additional investment available in the wider area.
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Disclaimer
Whereas every effort has been made to ensure that the information in these pages is accurate, Scottish Enterprise and Scottish Development International does not accept any liability for errors, omissions or misleading statements. And no warranty is given, or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Investors will need to undertake their own due diligence in conjunction with individual project promoters/sponsors in relation to the detailed project investment opportunities presented.