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Central Insurance Services Ltd has acquired the ground floor 2,469 sq ft office of Taylor Clark Properties’ development at 140 West George Street, Glasgow.
Scotland’s largest independent insurance broker, Central Insurance, has taken a 10 year lease, at an undisclosed rental, with a break at five years.
A listed building, originally designed by James Thomson, 140 West George Street has been extensively redeveloped by Taylor Clark Properties which has carried out similar developments in Glasgow, including Equinox, Citypoint and Citypoint 2.
The letting was concluded by joint letting agents Gee & Co and CB Richard Ellis on behalf of the landlord, while FG Burnett acted on behalf of tenant Central Insurance.
Jon Brand, managing director of Taylor Clark Properties, said: "We are delighted to welcome Central Insurance as the first tenant of 140 West George Street. This is the first office for Central Insurance in Glasgow and we are pleased they have chosen 140 West George Street as their home.
“Despite the difficult market conditions we have a number of other interests we are talking too and we remain confident of securing further tenants shortly.”
Stephen McKenna of Gee & Co, said: "140 West George Street provides Grade A quality office space at a highly competitive rental. Taylor Clark Properties has presented a quality building with detailed finishes throughout. We have taken a pro-active approach to engage with occupiers, providing appropriate packages that suit the needs of their business.”
Gavin Smith of FG Burnett acted for Central Insurance and commented: “Central Insurance was looking for a new high quality presence in Glasgow. The ground floor of 140 West George Street was just what they were looking for and terms were concluded very quickly to meet our tight timescale.” | 