Multinational insurance company RSA Group has signed up for the last remaining floor at recently refurbished Grade A office building 191 West George Street in Glasgow.
The firm will move from its existing premises in Alexander Bain House on York Street once the 15,000 sq ft, third floor space has been fitted out. RSA has agreed a 10-year at a rent of £31 per sq ft with owner NFU Mutual.
The £5.5million revamp was completed last year, creating 87,000 sq ft of Grade A office space over six levels. In July it was announced that Hilton Worldwide had taken up the lower three floors, joining fifth floor tenant Hewlett Packard and Edrington-Beam Suntory, the first occupier to move in and based on the fourth floor. Once full occupied, the building will house more than 600 highly skilled employees.
Spring 4 Properties acted for RSA Group in the transaction while joint letting agents Knight Frank and JLL represented NFU Mutual.
NFU Mutual asset manager Tom Foley said: “We’re thrilled that only 18 months after completion of the refurbishment project the building is now at full occupation. It is testament to the quality of the space and the unrivalled location in Glasgow’s city centre.
“RSA Group wanted to move into a single, efficient and open plan floor plate in a central location with easy access to a host of public transport options and a wide range of amenities, so 191 West George Street ticked all of its boxes. We also managed to achieve a new headline rent for refurbished Grade A space in Glasgow so all in all we’re delighted.”
