PLANNING permission is being sought for a £95million office development in Glasgow City Centre.

An application is being submitted by Osborne and Co for a site on Argyle Street, bounded by Robertson Street and York Street, in the International Financial Services District (IFSD). The 283,000 square foot Grade A development with capacity for up to 4,000 people.

It would mean the demolition of several buildings including a Grade B listed former warehouse, which, the developers say, was found to be beyond repair, after extensive surveys. A 25-storey hotel was formerly proposed for the site.

Will Hean, development director (Scotland), Osborne and Co, said: “Following positive consultation with Glasgow City Council planners, Historic Environment Scotland and the local community, we are pleased to formally lodge our detailed planning application with which we aim to begin the process of a major transformation of Glasgow’s best undeveloped city site.

“We want to deliver an office building that will add value for the city of Glasgow: providing the business community with a quality environment to thrive, a quality product to attract global occupiers and a quality regeneration of a large swath of the IFSD.”

Conor Osborne, Osborne and Co director, said: “Our new development will deliver a meaningful boost to the local economy, with jobs in construction and local apprenticeships, improvements to the city’s infrastructure – including supporting the Argyle Street ‘Avenues’ project and the surrounding cityscape.”

He added: “We engage with potential occupiers at the earliest opportunity as part of an innovative approach to providing frictionless solutions to tenants. It will provide a competitive edge for the city, giving Glasgow a high-calibre development to attract blue-chip occupiers, and demonstrate the city is ready to support inward investment.”