Investor can build a new 12-storey block

M&G Real Estate has been granted planning permission for its 拢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 275,000ft虏 of office space, designed to BREEAM 鈥楨xcellent鈥� and WELL 鈥榮hell & core ready鈥�.

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 鈥渃lear occupier appetite for high quality office space in Glasgow and a lack of supply in the city鈥檚 office market, which makes it a prime location for investment.

鈥淲e 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.鈥�

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