301 St Vincent’s Street

Glasgow, United Kingdom

This building is the Glasgow office of Santander Bank and it extends to circa 300,000 sq ft net with floor plates of up to 60,000 sq ft. The building was built in the late 1980s as the Headquarters for Britoil which subsequently became part of BP.

It was latterly occupied by Abbey National and became part of Santander’s portfolio when they acquired the company. The building is now very dated and in need of major refurbishment and The Bank only occupies 40% of the building.

Osborne+Co were appointed by Santander in 2019 following a selective process to procure a development partner for the building. The Bank wish to maximise their returns by securing a pre-let and undertaking the refurbishment in conjunction with us which will require a full replacement of the envelope and all mechanical and electrical systems.

This will allow the creation of a building which will be net zero carbon in occupation and will have the added advantage over new build competitors of boasting a substantial amount of embodied carbon equivalent to 60 years of the level of current carbon emissions from the building.

Project summary

GDV: £152m

Sector or building type: Commercial building refurbishment

Size: 300,000 ft2

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The results

Working in conjunction with LOM architects, we have designed a refurbishment scheme making the most of the current features of the building including substantial existing but under-utilised external light well space and terraces at either end of the building.

The building is currently one of a number of buildings that have been shortlisted by The Scottish Government for a major relocation and consolidation from several outdated buildings in Glasgow city centre. The scheme has been very well received by the planning team due to the reuse of the existing building rather than knocking it down and the proposed green credentials of the building.

Detailed planning consent is targeted for Q2 2023.

Key stakeholders

  • Glasgow Council leadership and Planning Department
  • Santander Bank
  • Community Interest Groups and Resident Associations
  • Scottish Government Stakeholders including, local ward Councillors, MP’s and MSPs

Osborne+Co’s role

  • Securing a substantial pre-let
  • Leading planning negotiations, stakeholder consultation and community engagement
  • Securing a forward funding partner
  • Design development and management
  • Securing and appointing a construction partner
  • Construction Management of the project

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