Redevco has begun the refurbishment of its 90,000-ft² (approx. 8,360-m²) George House office building in George Square, Glasgow.
The first phase of the refit, which will deliver 50,000 ft² of space to market, will complete next February, with the remainder completed by June 2012.
The refurbishment will include raised access floors, improved common areas, the replacement of the lift system and a new feature entrance to complement the interior.
Redevco aims to provide a CAT 'A' office usage and be energy efficient with a B rating at EPC being targeted with the refurbishment. Redevco is also aiming for a BREEAM Excellent standard. Interserve has been appointed on a £6.5-million contract for the scheme.
David Smith, Investment Director at Redevco, says "With little or no development activity currently under way, particularly in the prime central core, we believe that we will be bringing the new space to the market at a time when there will be limited competition."
DTZ has been appointed as letting agent.