Real estate investment platform Fore Partnership has announced that on-site work will commence in March for the first speculative office building in Glasgow since 2015.
Fore’s 94,000 sq ft (8,730 m2) Cadworks development is expected to become Glasgow’s most sustainable building when completed in mid-2020.
'Cadworks will be our flagship Scottish development and, as with our other buildings across Europe, we will deliver the highest quality space possible whilst refusing to compromise on our absolute values of ethical investment, sustainable development and social responsibility,' according to Fore's managing partner, Basil Demeroutis.
Fore said that it has signed agreements to start demolition in March 2018 and will be going to market with the construction works shortly. Committed financing has recently been secured, making the project fully financed and ready to be taken forward.
The development is being jointly marketed by GVA, Ryden and Savills.
A spokesperson for Glasgow City Council predicted that the building would attract investment from international companies looking to locate in the city.
