Regional REIT has let 12,400 sq ft of office space to SecuriGroup at 300 Bath Street in Glasgow for its new HQ.
The security company has signed a new 10-year lease across the fifth floor west wing of the building for fully fitted out space, at a headline rent of £21/sq ft on 9,500 sq ft.
In addition, it has signed a five-year lease on 2,900 sq ft on the ground floor east wing at a rent of £14.50/sq ft. The space will be used for training and storage purposes.
Regional REIT is undertaking refurbishment works at the building, with the first stage including the creation of a new building entrance, enhanced common areas and the installation of a gym, showers and cycle racks.
SecuriGroup is relocating to 300 Bath Street from a former Regional REIT asset, which has been sold for development.
Stephen Inglis, head of ESR Europe LSPIM, the asset manager of the building, said: “The convenient location and high-quality space at 300 Bath Street make it an excellent headquarters building for SecuriGroup and its employees who will benefit from excellent amenities and transport links.
“We are delighted to welcome back SecuriGroup to a Regional REIT property as we look to extend our long and good working relationship. This asset is an example of how we are executing our strategic capex programme to update and refresh selected buildings to drive value and income growth.”
Ryden, Knight Frank and CBRE are joint leasing agents for the scheme.
