Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, is officially launching its major redevelopment at St Vincent Street, Glasgow, to the lettings market. Once completed, the c. £100m project is set to transform Glasgow’s office sector and aims to address the city’s shortage of high-quality, sustainable office spaces.

Located at a strategic corner in Glasgow’s city centre, at the heart of its Central Business District, One Five Zero St Vincent Street is minutes from Queen Street and Central Stations, with direct access to the M8. Originally constructed in 1976 and acquired by Clearbell in 2021, the building is undergoing a significant transformation, expanding from 70,000 sq ft to 146,492 sq ft over the basement, ground and nine upper storeys. The redevelopment is designed to address the growing demand for sustainable Grade A office space in Glasgow, where supply remains at historically low levels.

Sustainability has been integral to the design process from the outset. The project is aiming to be operationally net zero carbon and is targeting leading certifications, including WiredScore ‘Platinum’, SmartScore ‘Gold’, ActiveScore and WELL ready, as well being the first to use the NABERS rating (targeting 5*) and the first commercial BREEAM ‘Outstanding’ building in Glasgow. The retrofit will also focus on minimising the embodied carbon, through the retention and repurposing of the existing structure and superstructure. As a result, the upfront embodied carbon will be significantly lower compared to a traditional new build office. The building, which is targeting an EPC A rating, will be fully electric, with no reliance on fossil fuels, and will include a blue roof system to optimise rainwater drainage.

In addition to its sustainability credentials, the project is prioritising customer wellbeing and experience. Boasting the largest terrace space in the city at over 7,500 sq ft, One Five Zero St Vincent Street will provide extensive outdoor space for occupiers, including south-facing terraces and pocket parks at street level, creating much needed biodiverse green space in the city centre. A full floor of the building is dedicated to wellness, featuring a gym, yoga studio, library, and cinema, as well as an auditorium that will allow for town hall meetings and enhance the community feel, going far beyond what is currently provided within the city centre’s workspace and promoting collaboration and socialisation between businesses. In addition, extensive travel facilities are being installed including over 200 cycle storage spaces, e-bike and EV charging spaces, showers and lockers.

From the outset, sustainability has been our guiding principle for the redevelopment project of One Five Zero St Vincent Street. The Glasgow office market is undergoing significant change, with businesses demanding forward-thinking, energy-efficient workspaces that can meet modern needs. This project is designed to not only meet those demands but also set a new benchmark in the city. By combining sustainability with state-of-the-art amenities, we are creating a workspace that will attract progressive businesses and set a new standard for office developments in Glasgow, while also addressing the chronic undersupply that the city is currently facing.”

Manish Chande, senior partner at Clearbell Capital

Clearbell has appointed JLL and Avison Young as letting agents for the scheme.

One Five Zero St Vincent Street is unlike anything we’ve seen in the Glasgow office market before, so it’s incredibly exciting to be able to bring this opportunity to market. Once complete, the building will provide the ideal space for forward-thinking, employee-centric businesses looking to make their mark on the city.”

Alistair Reid, head of JLL Glasgow and director, national office agency

With high-quality workspace in scarce supply in the city at the moment, we have no doubt that One Five Zero St Vincent Street is going to be incredibly popular. There really isn’t anything else like this available in terms of quality, central location and access to skills and talent, and sustainability.”

Michael Facenna, director, agency and transactions, at Avison Young

The contractor for the scheme is bam. Advisors on the project include Sheppard Robson (architecture), Woolgar Hunter (engineering), iceni (planning consultant), Atelier 10 (M&E) and Adams Consulting Group (project manager).

To find out more about One Five Zero St Vincent Street, please visit: https://onefivezerosvs.com/