Commercial property company Bruntwood SciTech is doubling down on its Glasgow investment with the development of a £30m working space that will provide an additional 100,000 sq ft for science and tech workers in the Scottish city.
The new building will be net-zero carbon while in operation and sit adjacent to the 14-story, Grade B listed Met Tower that Bruntwood acquired in May for £16.2m. It brings Bruntwood’s total investment into Glasgow to £60m.
Between the buildings, Bruntwood SciTech will construct a plaza that will be home to a food outlet and be accessible from the two sites and also to the public.
“There is a real opportunity here to not only create a new tech cluster at Met Tower and in our new building but also support local businesses and communities across the West of Scotland,” said Pete Crowther, property director, Bruntwood SciTech.
Bruntwood SciTech is a joint venture between property developer Bruntwood and Legal & General to provide specialist spaces for science and tech companies.
It is the latest boost for Glasgow’s tech standing. According to CBRE, the Glasgow tech sector is third in the UK outside of London, beaten only by Manchester and Birmingham.
Glasgow is home to startups such as electric vehicle manufacturer Munro, which earlier this year raised £750,000 for the production of its 4X4.
Crowther added: “Above the physical spaces we are introducing, we’re also committed to creating opportunities for businesses across the UK so they can collaborate and innovate as the sector continues to thrive.”
The investment marks the latest expansion for Bruntwood. Outside of Glasgow, Bruntwood recently teamed up with Gary Neville’s UA92 investing £1.25m to help address digital skills in the region.
In Macclesfield Bruntwood SciTech recently unveiled a £20m lab redevelopment at Alderley Park.