Plans have been announced by Strathclyde Pension Fund to open a new office in Capella building in Glasgow.
The sixth floor of the building will be taken up by the pension fund who are now owned by British Airways Pensions Trustees, the have taken up a 15-year lease at £25 per square foot pricing.
British Airways Pension Trustees were represented by Jones Lang LaSalle and Cushman & Wakefield who made a deal to move into the new offices by the end of the summer.
Jones Lang LaSalle’s Glasgow branch representative Mike Buchan said, “This is a significant deal and follows closely behind the first letting to MacRoberts solicitors, who occupy 33,000 square feet at Capella. There is always strong interest in the development as it is the ideal setting for occupiers looking to relocate to either a new headquarters premises or to take a floor within one of Glasgow’s flagship buildings.”
Richard McIndoe, a spokesperson for Strathclyde Pension Fund said, “The move to Capella will provide our staff with a modern workplace and will enhance operating efficiencies for our members, despite costing no more than our previous accommodation.”