THE latest office development by regeneration project Clyde Gateway is already 100 per cent let — years earlier than expected.
Red Tree Magenta, Grade A modern premises of 40,000 sq. ft, has been built at a cost of £9millon and is the first building at Magenta, a 27-acre urban business park in Shawfield, next to the River Clyde and M74 motorway network.
It is now home to 30 companies, bringing 170 jobs to the area. Demand for the location proved so high the building is already full.
Ian Manson, chief executive of Clyde Gateway, said: “Red Tree Magenta has been an unqualified success and those who have made the building their new home are joining what is a growing number of entrepreneurial organisations right across Clyde Gateway.
“In line with the current commercial property market, we had expected this building to reach 20 per cent occupancy in the first year but to be fully let in the first six months is a true reflection of the fantastic accommodation, facilities, business support and transport links on offer here.”
Tenants range from solo new-start businesses through to larger established companies such as Robertson Facilities Management, BRE and Speirs Gumley.
Among the facilities at Red Tree Magenta are a Nespresso café, superfast fibre connections, collaborative working and breakout spaces, a garden roof terrace and electric car charging points.
Councillor John Ross, leader of South Lanarkshire Council, officially opened the building last week, and said: “Clyde Gateway has a tremendous track record in bringing new jobs and opportunities to this particular part of South Lanarkshire. It made perfect sense for our council to invest over £3million to support the plans to accelerate the construction of Red Tree Magenta and to play our part in delivering what is an eye-catching and hugely impressive building.
“I was delighted to be asked to perform the official opening ceremony and to be given the chance to hear of the high levels of satisfaction from all the occupiers.”
One of Red Tree Magenta’s tenants, up-and-coming Scottish business Raven Controls –- an events monitoring digital technology firm whose systems are used at golf’s Ryder Cup and European athletics championships — have recently secured investment funding and are growing their business and headcount accordingly.
Ian Kerr from the company said: “We are very proud to call these impressive new offices our home. Since moving to Red Tree Magenta, we have attracted new talent to our business, allowing us to double our headcount. Raven Controls has global ambitions and at Red Tree Magenta we have the ideal base to expand our business and help us achieve that goal.”