Representatives from BAM TCP Atlantic Square and HM Revenue & Customs gathered at a ground breaking ceremony at Atlantic Square celebrating a major new investment and landmark buildings for Glasgow.
Dougie Peters, Managing Director of BAM Properties welcomed Fiona Wallace and colleagues from HM Revenue & Customs (HMRC) to view the progress of construction work which is now well underway.
Situated in the heart of the International Financial Services District, HMRC is to lease the ten storey new building which features 187,205 sq ft of office space for a minimum of twenty years. The Grade A building will accommodate some 2, 700 full time equivalent employees by the end of 2021 and is one of the 13 new HMRC regional centres.
A joint venture between BAM Properties and TCP Developments Limited, forward funding for HMRC’s building has been provided by Legal & General on behalf of Legal & General Retirement which invests in high-quality, long-term UK assets.