Avison Young secures letting to flexible workspace provider at Glasgow’s West Regent Street

Avison Young secures letting to flexible workspace provider at Glasgow's West Regent Street

Strategic real estate advisor Avison Young has acted on behalf of HiH Invest Real Estate UK Ltd to secure flexible workspace provider, Wizu Workspace, a 24,350 sq ft letting at 2 West Regent Street, Glasgow.

Avison Young acted alongside its joint agent Douglas Green of G8 Consult.

Situated on the corner of West Regent Street and West Nile Street in the heart of Glasgow’s central business district, Wizu Workspace has taken the entire first, second and third floors in the building on a new 10-year lease, bringing its workspace offering to Scotland for the first time. The letting marks the ninth workspace for the company.

With floods of natural light, the ‘walk in ready’ building provides an excellent platform for the Wizu Workspace offering, which is currently undergoing a refresh.

The new office will open to the Glasgow business community from May 22. With a tailor-made offering designed to increase productivity, focus and interaction, the workspace marks one of the largest office lettings of the year so far in Glasgow.

Michael Facenna, associate director of Avison Young Glasgow, said: “Until now, Glasgow has been under provided for in terms of flexible office operators compared to other regional cities and so Wizu Workspace is a welcome addition to the market. With the lifting of a Covid-19 restrictions, we are seeing high demand from occupiers seeking flexible office space, with current offerings either being full or insufficient. Coworking and flex office space is an obvious growth market for the city.”

Martin Payne, managing director UK, HIH Invest Real Estate UK Ltd, added: “We are delighted to welcome Wizu Workspace to our property at 2 West Regent Street. As the wider office market recovery continues to gather pace from the Covid pandemic setback we anticipate the Serviced Office sector will play a key role in in transitioning companies and people back to the office. Wizu are taking 3 floors and by doing so restoring our 100% occupied status in an extremely swift manner.”

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