Glasgow City Council has agreed to pre-let 102,000 sq ft at the £200m Collegelands development in the east end of the city.
The commitment to the entirety of the office space proposed for the scheme means developer TDI, a joint venture company between Dawn Group as majority stake holder and Chiltern Group as minority stakeholder, will now start on site.
A 200 bed hotel, 250 student accommodation units offering 600 beds and a 1,100-space multi-storey car-park will also be developed in the first phase on the 17-acre vacant site.
In total TDI is planning to develop 1.1m sq ft of space.
The office move is a part of Glasgow City Council’s office rationalisation plan.
It will consolidate staff from Development and Regeneration Services and Culture & Sport Glasgow from their offices on George Street and Trongate respectively.
TDI took control of the site in 2006 when it paid the council £3.5m for the land. The council will also receive ‘a significant proportion of the profits from the development.’
The first phase is expected to complete in summer 2011.