M&G Real Estate has been granted planning consent for a £100m office redevelopment at Corunna House in central Glasgow after unanimous approval from Glasgow City Council.
The consent will allow M&G to move forward with the demolition of the two existing Corunna House buildings and build a new 12-storey block, which will be rebranded as 33 Cadogan Street.
The new development will deliver 275,000 sqft of Grade A office accommodation in a key city centre location, and include a retail unit on the ground floor, 64 vehicle car parking spaces and cycle parking for up to 320 bikes with spa quality showers and changing rooms.
Lynn Smith, Director - Development Management at M&G Real Estate, said: “There is a clear occupier appetite for high quality office space in Glasgow and a lack of supply in the city’s office market, which makes it a prime location for investment. We are confident that 33 Cadogan Street will attract a strong line-up of tenants, bringing new jobs to the city, and we are looking forward to beginning this exciting project.”
Works on 33 Cadogan Street are expected to commence in Q2 2018.