Resonance Capital appointed as strategic advisor at Glasgow’s Skypark

Resonance Capital recently advised Hermes Investment Management on the acquisition of Skypark from Hudson Lone Star.

Skypark is one of Scotland’s biggest and most vibrant business destinations comprising six buildings totalling 560,000 sq. ft. with planning for a further 420,000 sq. ft. across two development sites and a workforce of almost 4,000 people. It is home to over 50 businesses that reflect Scotland’s economic diversity with a thriving social scene and services for tenants; monthly meet ups, sewing, craft and art classes feature alongside beauty, massage and Skyperks discount card. Practically, the site is supported by a five star service ethos and concierge; Four Seasons Nursery, ATM, prescription delivery and two cafes are on-site. Tenants include Axis Animation, Motorola, Clyde Space, Spire Global, Peninsula, Ceridian Europe, Capita, Dermalogica, Sweat! Gym and Travel2.

Skypark’s Strategic Lettings Advisor, Angela Higgins and joint founder of Resonance Capital, said: “As part of the original team responsible for transforming Skypark from ‘a sleeping giant’ into a thriving business destination, it’s very positive to announce that we are appointed to assist the talented team at Hermes Investment Management, in Skypark’s next phase of lettings and a fresh evolution of the site. We have bucked the trend in securing a strong pipeline of projects as we go from strength to strength, with a growing team from our new Glasgow office base”.

Stephen Ellis, asset manager at Hermes Investment Management, said: “It is clear that Skypark remains a desirable location for businesses in Glasgow. It has all of the necessary ingredients to be attractive, namely competitive rents, enviable transport links and great local amenities. The local vicinity remains an appealing proposition for both new and existing occupiers.”