Indicative image only A new waterfront development in the centre of Glasgow

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1 Indicative image only A new waterfront development in the centre of Glasgow Development opportunity from

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3 Glasgow is a highly attractive inward investment location for leading international financial services companies. IFSD WASHINGTON EXCHANGE - A MAJOR PRE-LET WATERFRONT DEVELOPMENT OPPORTUNITY IN THE CENTRE OF GLASGOW Over the last 20 years, Glasgow s Broomielaw area (next to the River Clyde) has undergone significant regeneration and public realm investment. This has seen it mature as a business location within the city s International Financial Services District. Home to thousands of office occupiers, a wide range of professional, government and financial services businesses have chosen to locate in the area attracted by the many top quality buildings which have been developed. With the new riverfront walkways and public areas, the pedestrian bridge over the river, planned restaurant development and potential arrival of the new Fastlink public transport system, the area looks forward to further evolution and progress. Glasgow is one of the UK s major cities and further details on its attractive lifestyle offer, education, grant support and other background information can be found by accessing Find out more about locating to the IFSD district of Glasgow

4 A stylish, cosmopolitan centre with something for everyone; Glasgow is one of Europe s great cities. IFSD WASHINGTON EXCHANGE - GLASGOW - A GREAT PLACE FOR GLOBAL TALENT, TECHNOLOGY AND SKILLS Glasgow is Scotland s largest city and a great place to live and work. Its half hour drive population catchment area of well over 1 million people, supports a vibrant retail and central business district. In addition to a massive expansion in the retail and leisure offering, the city has seen major growth in its office stock through phases of development in the traditional core and the new corporate buildings in the Broomielaw area down to the River Clyde. Offering a fantastic quality of life and a friendly culture, the city has a wide range of Scottish and international service sector and financial services companies. Glasgow s central business district continues to evolve as the economy broadens, whilst the city also continues to attract major commercial property development investment typified by the two major speculative office schemes at 110 Queen Street and One West Regent Street. The city has boosted its profile and targeted a wide range of financial services occupiers over the last ten years through the now well established International Financial Services District (IFSD). Many major inward investing companies have moved in and then grown their operations attracted by the availability of a skilled and loyal labour pool, further boosted by a strong supply of graduates from the city s world renowned universities. Glasgow is home to the University of Strathclyde, the Times Higher UK University of the Year. Strathclyde is a leading, international technological university that attracts students from 100 countries, has a global community of over 150,000 graduates and attracts 42.5m in annual research income. Strathclyde has extensive research, innovation and skills collaborations with global, leading-edge technology, energy and engineering companies: JP Morgan, Weir Group, Rolls Royce, Boeing, GSK, Astra Zenica, Scottish Power/Iberdrola, SSE, Babcock, BP, Wood Group to name but a few. At Strathclyde we are investing over 350m to transform our campus, teaching and research infrastructure to meet our aspirations to grow and service the opportunities presented by Glasgow and the global market. Come join us in Glasgow - a great place to invest. Professor Sir Jim McDonald, Principal and Vice Chancellor, University of Strathclyde, Glasgow

5 TOP FACTS YOU NEED TO KNOW ABOUT GLASGOW Glasgow is Scotland s economic powerhouse. It generates more than 13 billion gross value added (GVA) to the nation every year. The city has a thriving international business community and is home to global brands such as JP Morgan, Morgan Stanley, HSBC, Tesco Bank, Barclays Wealth and Dell. A host of world class hotels have already made their homes here including Hilton, Marriott, Radisson Blu, Holiday Inn, Hotel du Vin, Citizen M and Malmaison. Glasgow outperformed key European cities in 2011, including Hamburg, Barcelona, Rome, Dublin, Vienna, Prague and Copenhagen, with an average occupancy rate of 74.9%. Glasgow International Airport handles around seven million passengers a year and serves around 90 destinations worldwide. The city attracts 2.3 million visitors every year who generate 595 million for the local economy. Glasgow is the UK s shopping capital, enjoying a reputation as the largest and most successful retail location outside the West End of London. Glasgow is a top 10 European financial centre and is ranked 33rd in the world - Global Financial Centre s index Glasgow is hosting the 2014 Commonwealth Games, firing the starting gun for major development in and around the city. Over the past seven years, conference business has been worth 827 million to Glasgow s economy, equating to three million delegate room nights, which has helped transform the city into Scotland s conference capital.

6 3.5 billion has been spent or committed since 2003 by the public and private sectors in the Clyde Waterfront area. WASHINGTON EXCHANGE - A RIVERSIDE VISTA WITH ALL THE AMENITIES OF A CITY CENTRE LOCATION The next area for development is this West Broomielaw zone which lies just immediately adjacent to earlier major developments but still firmly within the core central business district. Already anchored by the very substantial Pentagon Centre, the existing Kentigern House office building occupied by Ministry of Defence and the Menzies hotel, this location offers development potential and an opportunity for an occupier to locate in a new facility where their staff will enjoy all the public transport links and renowned retail and leisure facilities Glasgow s city centre has to offer. Walking times from Washington Exchange to local amenities Central Station Queen Street Station Cadogan Street Car Park Q Park Car Parking Menzies Hotel (4 star) Drive times to airports Glasgow International Airport Glasgow Prestwick Airport 11 mins 21 mins 5 mins 5 mins 2 mins 14 mins 40 mins View a short video about Clyde Waterfront s regeneration of the clyde.

7 Indicative image only WEST GEORGE STREET ST. VINCENT STREET J19 BOTHWELL STREET WATERLOO STREET DOUGLAS STREET BLYTHESWOOD STREET WEST CAMBELL STREET CADOGAN STREET WELLINGTON STREET HOPE STREET CENTRAL STATION GORDON STR UNION STREET RENFIELD STREET NORTH STREET M8 WASHINGTON STREET McALPINE STREET CARRICK STREET BROWN STREET JAMES WATT STREET ARGYLE STREET YORK STREET ROBERTSON STREET OSWALD STREET BROOMIELAW BROOMIELAW RIVER CLYDE Not to scale

8 19 13 H Central Station 18 P 14 H H H P P 6 7 Anderston Station H Tradeston Bridge River Clyde M8 to Glasgow Airport & Edinburgh Kingston Bridge Not to scale ACE European Group WS Atkins Scottish Government BT AXA Insurance Scottish Power Clydeport Scottish Qualifications Authority Lloyds TSB ATOS Macroberts Solicitors BDO Stoy Hayward NFU Esure H P Teleperformance Ministry of Defence Scottish Ministers AON Barclays PLC Hotel Parking Fastlink and existing bus route

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10 The Clyde is being transformed into a very attractive, highly skilled, well connected and cost competitive location. WATERFRONT EXPO WASHINGTON EXCHANGE - DEVELOPMENT OPPORTUNITY IN THE INTERNATIONAL FINANCIAL SERVICES DISTRICT (IFSD) The City Council welcomes this latest city centre waterfront offering and believes that the joint marketing approach of both unique sites will result in an outstanding development opportunity for the IFSD. Tom Turley, Assistant Executive Director, Development and Regeneration Services, Glasgow City Council. The Opportunity at Washington Exchange Recognising this site s almost unique development potential, Marlebone Ltd and Scottish Enterprise have combined forces to promote this substantial highly visible riverfront site to major users and occupiers on a pre-let basis. The Site Comprising half an entire city block, the subject property lies just to the east of the M8, Kingston Bridge and south of Argyle Street, one of the city s main access roads from the Clydeside Expressway. With approximately 70 metres of river frontage onto the Broomielaw, the site is bounded by Washington Street, the Broomielaw and McAlpine Street. Development is also planned on the neighbouring cleared development sites and this offers up the potential for phased development with altered public street layouts, etc. The site extends to approximately 1.69 acres (0.68 hectares). Planning Background Over recent years a number of redevelopment schemes have been promoted for this site, some involving tower developments and major international hotels. Although the economic downturn post 2008 has precluded any of these concepts from being realised, the city and the site owners still hold to this vision for development. Glasgow City Council will welcome any party seeking to undertake major development at this location, particularly a major occupier or hotel operator. An indication of the site s flexible potential can be seen in the images within this brochure and by the fact that the 65 Washington Street portion alone has outline planning consent for 250,000 sq ft of Grade A Office space, 20,000 sq ft of retail and 25 apartments

11 PENTAGON BUILDING BROOMIELAW Not to scale

12 Indicative image only WASHINGTON EXCHANGE - A UNIQUE DEVELOPMENT OPPORTUNITY All pre-let, office and mixed use enquiries for the site are welcomed and partnership development on a phased basis will also be considered. The site has vast and exciting potential as part of Glasgow city centre. All initial enquiries to: Colin MacKenzie Knight Frank LLP 120 Bothwell Street Glasgow, G2 7JS Tel: Mobile: Colin.Mackenzie@knightfrank.com Misrepresentation Act The particulars contained in this brochure are believed to be correct, but cannot be guaranteed. All liability, any negligence or otherwise for any loss arising from the use of these particulars is hereby excluded. May 2013