Atlantic Square, Glasgow

Trading places: new connections to old tradition

Occupying a strategic position in the heart of Glasgow’s International Financial Services District, Atlantic Square is a 300,000sq ft office and residential development with ground floor retail and leisure.

Designed to incorporate a retained façade on the western side of the site the development provides 284,000sqft of modern, contemporary office space in two buildings with residential and retail space in a third building fronting onto Argyle.

Project details

Sector: Mixed development (Offices, Residential & Retail)
Size: 300,000 sqft
Developer: BAM TCP Atlantic Square
Contractor: BAM Construction
Architect: BAM Design/Cooper Cromer
Structural consultant: BAM Design
M&E: BAM Design
Principal Designer: Gardiner & Theobald
Quantity surveyor: RLF
Employers’ agent: RLF
Value: £150 million
JV Partner – Taylor Clark

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2,500

employees from HMRC will relocate to Atlantic Square

buildings comprise the scheme

Surfing a wave: the bouyant Glasgow office market

At a time when Grade A sustainable offices are scarce, BAM is developing 284,000 square feet of mixed-use space as phase 1 of their 300,000sqft Atlantic Square development on Argyle Street in the heart of Glasgow’s International Financial Services District.

A new regional hub for HMRC

The ten storey 1 Atlantic Square extending to 187,000sq ft has been pre let to the United Kingdom Government as part of the HMRC Hubs program and forward funded by Legal & General Investment Management. Upon completion in Q3 2020 the building will house some 2500 HMRC staff.

“The Atlantic Square development will help continue HMRC’s transformation into a modern, digitally-advanced tax authority thanks to the site’s high specification office space, central and accessible location and digital infrastructure.”

Steven Boyd

HMRC Estates Director

Two’s company

2 Atlantic Square, a seven storey building of 97,000sq ft is also being speculatively built and upon completion in Q3 2020 will provide modern contemporary Grade A space in floor plates of up to 15,400sq ft. BAM’s careful attention to quality and design includes a tenants’ business lounge and Wi-Fi enabled meeting spaces in the reception area, as well as extensive shower, locker and storage facilities for cyclists and runners.

“We are delighted to be working with our joint venture partner Taylor Clark as well as LGIM and HMRC on this outstanding Grade A office development. . BAM Properties has a long and successful history of knowing when the time is right for major commercial developments in Glasgow – such as 110 Queen Street and the Clarion Building and we are confident that 1 and 2 Atlantic Square will be equally good news for Glasgow.”

Dougie Peters

Managing Director, BAM Properties

Don't just take our word for it...

Since the launch of the IFSD, over 15,500 net new jobs have moved in to the District through new investment, expansion or diversified development.

Visit the IFSD website to find out more about this flourishing business hub
“With existing stock filling rapidly, an opportunity presents itself for investors to invest in further speculative office development or the refurbishment of existing buildings”

Discover more about the bouyant Glasgow commercial property market

Tags: Office Mixed development Scotland Properties Design