The 10 storey commercial property for rent has been designed by Glasgow-based architects Keppie Design.
The office rental scheme will be marketed as St Vincent Plaza and will offer over 250,000 sq ft of Grade-A office space to let in Glasgow ’s city centre, making it one of the biggest office rental schemes to be built speculatively in the UK.
Christopher McPherson, Abstract’s development director said that St Vincent Plaza would offer flexible open-plan office floor-plates of up to 17,000 sq ft, topped off with a roof terrace and a selection of exclusive penthouse suites.
McPherson also noted that the Plaza "will provide the most efficient and environmentally friendly office accommodation in the city".
McPherson went on to address the significance of the development in "a market where available 'Grade A' supply has all but disappeared."
The Abstract property group is run by CEO Mark Glatman from its Leeds office in Yorkshire and placed before Glasgow City Council a proposal that promises to deliver “a specification rarely seen outside Central London”.
Builder Bowmer & Kirkland has won the construction contract and work is due to start early next year, on the former car park site at the heart of Glasgow's International Financial Services District. The site occupies a key gateway position in the central office location for leading businesses and benefits from excellent road links from the nearby M8 motorway junction.
With the completion scheduled to be complete in advance of the Glasgow 2014 Commonwealth Games, Abstract has already begun seeking pre-lets for the Glasgow office space and is quoting rents 'from £23 per sq ft' for St Vincent Plaza.