L&G secures trio of tenants for its Glasgow’s ‘Capsule’ offices

L&G secures trio of tenants for its Glasgow's 'Capsule' offices

Kintyre House (credit: Alan McAteer)

Legal & General, advised jointly by Savills and CBRE, has let three fully fitted offices at both Kintyre House and 140 West George Street in Glasgow city centre to occupiers including Hiscox, Beale & Co and Diamond & Co.

At Kintyre House, 205 West George Street, insurance firm Hiscox will occupy 2,761 sq ft on the ground floor of the five-storey building. Whilst Beale & Co, the international law firm specialising in construction and insurance, has taken 2,514 sq ft on the third floor.

At 140 West George Street, building consultancy firm Diamond & Co will be situated on the lower ground floor of the seven-storey property, occupying 1,579 sq ft.



All three companies have agreed to a new five-year lease for the newly refurbished fully fitted ‘Capsule’ by L&G space, which includes dedicated meeting rooms and kitchen facilities in each suite.

Andrew Mercer, Office Sector Lead at Legal & General, said: “We are delighted to welcome Hiscox, Beale and Diamond into our Capsule office product in Glasgow.

“Capsule has over 110 Capsule offices throughout the UK providing its customers with high quality office experiences.

“Those that go into a Capsule office space benefit as the cost of fitouts can be amortised over a much longer period than an occupier on a defined lease term. This enables our customers to benefit from our expertise in providing amazing office experiences for their staff and customers.”

Colin McGhee, director in the business space team at Savills Glasgow, added: “The fact that Kintyre House was only launched a few months ago, is testament to the quality of the Capsule product.

“Given the current economic climate, occupiers are less keen to spend time and money on fit-out and are also enticed by limited dilapidation obligations, which is why we continue to receive significant interest for both that location and 140 West George Street.

“Already this year we have seen 75% of all deals in Glasgow City Centre fall into the sub 3,000 sq ft category, 58% of which is for fitted space and this trend is only set to continue.”

Hiscox was advised by CBRE, Beale & Co and Diamond & Co were unrepresented.

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