Investor can build a new 12-storey block
M&G Real Estate has been granted planning permission for its £100m office redevelopment at Corunna House in central Glasgow.
The decision means the firm can demolish the two existing Corunna House buildings and build a new 12-storey block, to be rebranded as 33 Cadogan Street.
The new development will deliver 275,000ft² of office space, designed to BREEAM ‘Excellent’ and WELL ‘shell & core ready’.
Works on 33 Cadogan Street are expected to commence in the second quarter of next year. The new building will include a retail unit on the ground floor, 64 vehicle car parking spaces and cycle parking for up to 320 bikes with spa quality showers and changing rooms.
Lynn Smith, director - development management at M&G Real Estate, said there was a “clear occupier appetite for high quality office space in Glasgow and a lack of supply in the city’s office market, which makes it a prime location for investment.
“We are confident that 33 Cadogan Street will attract a strong line-up of tenants, bringing new jobs to the city, and we are looking forward to beginning this exciting project.”