Skypark, Glasgow - November 2010
MREFII acquired the long leasehold interest in Skypark, a landmark urban business park in Glasgow, from Kenmore Property Group and Paradigm Real Estate Managers Ltd in November 2010. The opportunity was identified through Moorfield's joint venture partnership with Glasgow based Resonance Capital, who are Moorfield's property management partner in the implementation of the JV's business plan.
Glasgow is the biggest city in Scotland and the third largest in the UK. It has a population of approximately 630,000 and is at the centre of a catchment population of over 3 million.
Positioned strategically on the immediate periphery of Glasgow’s Central Core, Skypark has unrivalled connectivity to all forms of transport and is within a 10 minute walk of the city centre. Totalling circa 550,000 sq ft, Skypark comprises six buildings providing a wide variety of office, storage and retail accommodation to tenants, including O2, Glasgow School of Art and Serco.
Developed in the mid 1990s, Skypark now has a community of over 3,000 people. Extensive on site amenities include reception desk facilities, cafe, children’s nursery, award winning public realm, 24 hour on site security and 702 car parking spaces.
Key Facts
- Acquired in November 2010 from Kenmore Property Group and Paradigm Real Estate Managers Ltd
- Landmark urban business park in Glasgow
- Six buildings providing a variety of office, storage and retail accommodation with mixed lease expiry profiles.
- 702 car parking spaces
- 24 hour access and 24 hour security with extensive CCTV coverage
- Cafe and internet access within the newly refurbished entrance reception
- Award winning ‘Four Seasons’ children’s nursery
- Excellent public transport links by rail and road
- Future development sites with planning consent for additional office, retail and leisure accommodation totalling 483,000 sq ft