New business district for Glasgow could create 12,000 jobs

The site for Magenta at Clyde Gateway

Commercial property developer Highbridge Properties has launched what will be a new satellite business district for Glasgow and one of the UK’s largest office parks, at the former Shawfield development in Clyde Gateway.

The development, branded Magenta at Clyde Gateway, will comprise 1.2 million square feet of office space set on 27 acres next to the River Clyde and M74 motorway network and just ten minutes from Glasgow’s city centre.

Magenta is the largest office development with planning consent in Scotland and will create a new national business district for the Central Belt. It is estimated that the development will bring at least 12,000 new jobs to the area. Clyde Gateway has invested £20m in public realm and infrastructure works to the site to ensure it is development-ready.

Highbridge – Clyde Gateway’s development partner for Magenta – has strong credentials in this field. Formed in 1988, the specialist business park developer has successfully developed over 13 million square feet of office and industrial space, including Cobalt, the largest office park in the UK. Situated near Newcastle, Cobalt employs over 14,000 people and is home to numerous blue chip companies including Hewlett Packard, Proctor & Gamble, Accenture, EE and Santander.

Magenta will provide a value for money addition to the Scottish economy – with Grade A office space that offers savings of 37 percent on similar new-build offices in city centre locations, and 28 percent on similar refurbished city centre offices. High density organisations, such as shared services and customer contact centres can make even greater savings, as buildings can be designed to meet their exact requirements and achieve very efficient occupational densities.

Adrian Hill, director of Highbridge Properties PLC said: “When I first saw this site it reminded me of London Docklands in the early years – so much potential and so close to the city centre. Magenta is a very compelling option for businesses, boasting superb connectivity, infrastructure and value for money.

He added: “The location is first class – a stunning riverside development that’s just ten minutes from the city centre, 15 minutes from Glasgow Airport, two minutes from the M74, and with ample parking available on site. As the site can accommodate large modern floorplates, Magenta offers flexible and bespoke solutions which can be tailored to meet a company’s exact needs.”

left to right – Ian Manson, Chief Executive of Clyde Gateway with Adrian Hill, Director of Highbridge Properties

Ian Manson, Chief Executive at Clyde Gateway said: “This is an extremely exciting time for the Clyde Gateway area and I am delighted to have appointed Highbridge as our commercial development partner – a company with a fantastic track record in delivering high quality business parks”.

“Magenta will give the local economy and employment market a phenomenal boost. It will also attract new inward investment to Scotland and stimulate economic growth.”

“Neighbouring the Magenta site, Police Scotland has already seen the massive benefits of locating over 1,000 administrative, finance, and IT staff here and more and more companies are seeing first-hand why this area is such an attractive proposition for investment and the ideal location to do business.”

It is expected that, as well as office space, Magenta will support a number of shops, cafes, a gym and business centre.

Cushman & Wakefield and Savills have been appointed as joint marketing agents on the development.