Tesco Personal Finance is to let IVG Immobilien's 12,000m[sup]2[/sup] Broadway One building in Glasgow in what the German company described as the single largest letting transaction in the history of the City of Glasgow.
Tesco Personal Finance is to let IVG Immobilien's 12,000m2 Broadway One building in Glasgow in what the German company described as the single largest letting transaction in the history of the City of Glasgow.
In a statement, IVG said Tesco Personal Finance is to open a new customer service centre in the building, creating 800 new jobs in Glasgow. 'The expansion programme of TPF - which will lead to the creation of 2,000 new, highly skilled jobs in the United Kingdom this year alone - is seen by the British and Scottish governments as an indication of the fact that the financial crisis has passed its peak,' the German company said. The Scottish government is supporting the project with a guarantee of more than £5 mln (EUR 5.7 mln) TPF has rented the building for 20 years.
Tesco Personal Finance, established in 1997 with its headquarters in Edinburgh, is the largest financial supermarket in the UK.
IVG acquired the property in the city centre of Glasgow in 2007. It completed Broadway One as the first construction phase in May this year, with a total investment of £51.5 mln. The building has been given the highest environmental and energy efficiency rating (BREEAM: 'very good'), and it is equipped with a highly efficient building management system, which will sustainably ensure the building’s quality for its users.
