STRONG TENANT GROWTH SEES SKYPARK STRIKE 13 DEALS ACROSS 37,497 SQ FT IN 6 MONTHS
Skypark, one of Glasgow’s premier business locations, has announced that in the last six months it has struck 13 deals totalling 37,497 sq ft, including 16,127 sq ft of new lettings and 21,370 sq ft of lease renewals, reinforcing strong tenant growth and retention at the business campus.
The latest company to expand at Skypark, Fleet Alliance, is taking an additional 3,324 sq ft on a 5 year lease, occupying a total of 9,939 sq ft. In addition to this, Dermalogica the skin care specialist has taken 2,037 sq ft on a new 5 year lease.
Further to these lease extensions, Skypark has taken on new leases with Travel 2 and Startline, which combined totals 25,417 sq ft, as well as agreeing two new lettings in the Skyhub business centre, totalling 937 sq ft. Furthermore, five companies have agreed re-gears to remain in the Skyhub on a total of 1,802 sq ft of office space.
Martin Brown, Managing Director, of Fleet Alliance, said: “We have been going through a period of rapid growth in the last 12 months, which now sees Fleet Alliance manage over 37,000 vehicles worth a combined value of over £1bn. This gives us significant size in the leasing sector, and we don’t intend to stay still now. We are expecting greater growth in the coming months and the additional business space here at Skypark will provide the scope for us to accommodate this. We’re delighted to continue our strong relationship with the place we call our company’s home.”
Caroline Callaghan of Dermalogica Training Academy, which has been a long term Skypark tenant, commented: “We are the Training Academy for all professional skin therapists who have opened accounts with Dermalogica. We train therapists to expert level within our brand and see in the region of 2,500 therapists per annum at the Academy. We have decided to remain at Skypark because of its excellent location, which is able to accommodate our accounts who travel from all over the UK, with access to car parking, Finnieston’s bars and restaurants, as well as all of Skypark’s amenities.”
Skypark’s Strategic Lettings Advisor, Angela Higgins of Resonance Capital, said: “It’s very positive to announce such strong lease renewals and lettings that reinforce Skypark as a destination of choice for new and existing occupiers. We are at the start of a long-term investment plan that will see the site evolve significantly, ensuring that Skypark will continue to form a cornerstone of Glasgow’s future economic strength.”
Stephen Ellis, Senior Asset Manager at Hermes Investment Management, the £36 billion fund manager behind Skypark, added: “Skypark’s unique market-leading offering is continuing to attract new tenants, all whilst supporting the diverse needs of its existing occupiers and delivering an extensive range of amenities.”
Skypark offers a vibrant business destination and thriving social scene and services for tenants; monthly meet ups featuring live music, sewing, craft and art classes feature alongside art exhibitions, beauty, massage and a Skyperks discount card. It is supported by a five-star service ethos and concierge; Bright Horizons Nursery, an ATM, prescription delivery, and two cafes are on-site. Skypark has immediate access to all transport links, restaurants and leisure facilities that Finnieston has to offer.