Scotland's Economy

Glasgow economy

September 9, 2013 by No Comments | Category Investment

Manish Chande, Senior Partner of Mountgrange
Manish Chande, Senior Partner of Mountgrange

Glasgow is and always has been one of Britain’s great cities.
It makes a huge contribution to the Scottish economy with annual output around the £16 Billion mark providing jobs for almost 600,000 people.

Many of those jobs are in the service sector in the areas of finance, tourism, food and drink and particularly retail. Glasgow is the only Scottish city to feature in the European Retail Centre Rankings placed 18th, ahead of Birmingham, Manchester, Dublin and Liverpool.

Just over a decade ago the decision was made to create an International Financial Services District and many big names from the worlds of banking, insurance, fund management and stockbroking are now based in the area along with the associated back office functions.

Having successfully made the transition from a centre of heavy industry to one of the UK’s leading service centres Glasgow is now one of the top locations for infrastructure investment. Scotland offers a number of exciting investment opportunities and we quickly identified Glasgow as a prime target for commercial investment. There is a real demand for office space in the heart of the city and we are delighted to be working with M&G Real Estate on our landmark building which will be the first significant new build Grade A office building in Glasgow’s Central Business district for five years.

On completion, 1 West Regent Street will deliver approximately 143,000 sq. ft. of office and retail space which will rival anything available in London and elsewhere in the UK maintaining Glasgow’s reputation as a top location to do business.

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