Bilfinger GVA launch Glasgow Developer map at MIPIM

Wednesday, 16 March 2016

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Bilfinger GVA (BGVA), one of Scotland’s foremost commercial property advisors, has launched its Glasgow city centre development pipeline map at MIPIM, one of the world’s largest property market events, at a business event in Cannes today. The BGVA Map summarises the key opportunities in the city centre for development as well as the peripheral areas around Glasgow. These are now set for major improvement and economic growth under the recently announced City Deal with BGVA endorsing these proposals as well today.

Alison Taylor, Head of Business Space Scotland at Bilfinger GVA, is attending MIPIM and is supporting Glasgow City Council and Invest Glasgow teams in promoting investment and development opportunities in the city. “This is extremely important in order to stimulate new investment in both the creation of new buildings and the refurbishment of existing ones. We require buildings of the future for the occupiers of the future. Investment in property is required to allow Glasgow to compete in a European context for world class jobs.”

“While some people are somewhat risk-averse at the moment for macro-economic reasons, this is actually an opportune time for developers, in particular, looking to invest in Glasgow. There is a strong level of demand for Grade A office space in a climate where we are heading towards a supply shortage. The growing trend for alternative uses for existing buildings in the city centre such as hotels and student accommodation has exacerbated the pressure on stock while space available in recently completed developments has been snapped up quickly.”

Taylor believes that this situation may see more companies looking to take space in peripheral business park developments. On the back of the recent Glasgow City Deal, the Council will also be promoting the various projects benefiting including the Clyde Gateway Regeneration Area, public realm works around the City Centre, Glasgow Harbour, Collegelands and the Glasgow Airport Investment Area.

Taylor adds that the Council’s presence in Cannes is important not just to promote Glasgow as a place to invest, but to also support all those working in the city’s property industry including surveyors, engineers, architects, lawyers and construction workers.

“Representatives from cities all over the world attend this singular most important property event at MIPIM so it’s hugely important that the Council is in Cannes to promote Glasgow and highlight the opportunities in the city. As part of the City Deal there will be significant investment in improving the city’s environment, connectivity and drive towards a low carbon economy so I consider the presence of the Council and the Invest Glasgow teams hugely important to illustrate the city’s friendly ‘can do’ attitude as after all the city’s slogan is: People Make Glasgow.”

Bilfinger GVA’s Glasgow city centre development pipeline map was launched on Wednesday 16 March, 0830 – 1000 as part of the Glasgow Investment Guide Launch in the Esterel Room 2 of the Hotel Gray d’Albion in Cannes. Chairman of the event was Stuart Patrick from the Glasgow Chamber of Commerce with Annemarie O’Donnell, CEO, Glasgow City Council giving the keynote address.

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