Atlantic Square, Glasgow

Trading places: new connections to old tradition

Historically, trade has always been at the heart of Glasgow’s success. In the 16th century the city was an important mercantile centre. Many of its streets and monuments celebrate this heritage. BAM is continuing this heritage, with a major mixed-use development on the River Clyde waterfront.

UK and international trade continues to drive Glasgow’s growth, and attracting the right businesses and talent to Scotland’s largest city is an essential part of that success.

Glasgow’s International Financial Services District (IFSD) was set up as a hub for these businesses in 2001. Since then, it has expanded from an initial square kilometre to link with Glasgow’s city centre. Many financial services and corporates have made their headquarters in the thriving district: from The Weir Group Plc, PwC and Royal Dutch Shell to Santander and JP Morgan.

Now BAM Properties and TCP Developments are delivering a distinctive 300,000 square foot development at Atlantic Square, in the heart of the IFSD.

Project details

  • Customer: BAM Properties/Taylor Clark Properties
  • Contractor: BAM Construction
  • Architect: Cooper Cromer
  • Executive Architect: BAM Design
  • Structural engineer: BAM Design
  • M&E: BAM Design
  • Value: £100m

View related projects

2,700 Fact icon employees from HMRC will relocate to Atlantic Square
3 Fact icon buildings comprise the scheme

Surfing a wave: the bouyant Glasgow office market

At a time when Grade A sustainable offices are scarce, and Glasgow’s business opportunities are on the up, BAM has joined forces with Taylor Clark to develop the 300,000 square foot mixed-use Atlantic Square development, at Argyle Street in the heart of the IFSD.

Having successfully developed CONNECT110NS nearby, BAM will bring its expertise and trusted supply chain to develop an entirely new city district for technology and financial services organisations.

Celebrating the best of Glasgow’s trading past, and linking it to its future as a hub for international trade, Atlantic Square will comprise two commercial buildings of ten storeys (180,000ft2) and six storeys (80,000ft2) respectively, with ground floor retail space in both. A third building will feature high-quality retail and residential accommodation.

BAM has once again partnered with award-winning architects Cooper Cromar, who have designed the Atlantic Square waterfront development. We successfully worked with them to deliver CONNECT110NS, as well as Eastwood High School and Lasswade Community School in Renfrewshire.

A new regional hub for HMRC

In February 2018, HM Revenue and Customs (HMRC) signed a formal agreement to lease the new ten-storey Building 1 at Atlantic Square for a minimum of 20 years.

Forward funding from Legal & General Retirement, for part of the development, has enabled the joint venture of BAM Properties and TCP Developments to start work on the two building scheme.

“The 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

HMRC will be taking an estimated 187,205 sq. ft. of office space in Atlantic Square. Building 1 will accommodate around 2,700 full-time equivalent employees from across the department by 2021, making HMRC one of the largest employers in Glasgow.

This will be the tenth of the 13 new UK regional centres that HMRC has announced as part of its transformation plans to create a tax authority fit for the future. Atlantic Square was chosen as a result of a robust process, which took into account a broad range of criteria as well as cost efficiencies.

“We are delighted to be working with LGIM and HMRC on this Grade A office development which will become one of 13 state-of-the-art regional centres for HMRC. Simultaneously, the BAM TCP Joint Venture is speculatively developing Building 2 at Atlantic Square because we believe there is a high level of demand in Glasgow for premium office space.  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 Building 1 and Building 2 at Atlantic Square will be equally good news for Glasgow.”

Dougie Peters

Managing Director, BAM Properties

Blending old with new

The Atlantic Square development is regenerating a long vacant site. But the architectural and social heritage of the area remains an important aspect of the scheme.

Along historic James Watt Street (named in honour of the Scottish inventor) stand imposing, four-storey neoclassical warehouses dating from the mid 1800s, built in the distinctive red sandstone that characterises much of Glasgow.

The façade of these listed buildings will be sensitively incorporated into the development, as a further link to the site’s trading heritage.

Jon Brand, who represents Taylor Clark Limited on the board of the BAMTCP Atlantic Square joint venture, is upbeat about the prospects for the entire development: “We are excited about the future of the Atlantic Square project which further enhances the infrastructure and employment opportunities in this area”.