Work is well underway at Magenta, Glasgow’s new satellite business district. Comprising 1.2 million square feet, Magenta will become one of the UK’s largest business parks. It is positioned on 27 acres, next to the River Clyde and M74 motorway network and just two miles from Glasgow’s city centre and 15 minutes from Glasgow Airport.
The first building at Magenta – Red Tree Magenta – has recently ‘topped out’ and is due for completion in summer 2018. The four-storey, 40,000 square feet building will provide Grade-A business suites ranging in size from 100 to 7,125 square feet. It is aimed at encouraging the growth of SMEs and collaborative working and marks the third Red Tree business incubator in the Clyde Gateway area, joining those at Rutherglen and Bridgeton.
The building, designed by architects Archial Norr, will be attractive to companies in the media, communications, IT, training and engineering sectors. It will benefit from superfast broadband and will offer up to a gigabit of bandwidth. As well as the business suites, the building will also feature a conference room, meeting rooms, breakout spaces, kitchen areas, a café and a 70-space car park – offering accommodation to suit the needs of a solo business looking for desk rental, right up to a full offce.
Magenta is being developed by Highbridge Properties, a business park specialist who have successfully developed over 13 million square feet of of ce and industrial space, including Cobalt, the largest office park in the UK.
With the current market for Grade A office space in Glasgow city centre one of high demand, low supply and no speculative new-build development, the Magenta development offers the best of both worlds. As well as significant savings compared to similar new-build offices in city centre locations, easy access to a wealth of new housing, open spaces and all within a short walk to the city centre along the River Clyde, companies looking to move to Magenta could be in the pink!