Downing secured at McLellan Works
Downing Renewable Developments (DRD) has moved to new larger offices in Glasgow to accommodate its increasing number of staff as the business continues to expand in the UK and the Nordics. Total headcount at the subsidiary of investment manager Downing has nearly trebled in the past two years as its pipeline of renewable energy developments in the UK has grown and it has started operations in the Nordics.
DRD is now based at the McLellan Works building on Glasgow’s famous Sauchiehall Street, which runs on 100% renewable energy and targets Net Carbon Zero. DRD was set up by Downing, which has £920 million assets under management in the core renewables space, to develop a new pipeline of solar PV, battery energy storage and onshore wind assets across the UK. It was recently awarded planning consent for a 49.9 MW solar farm in Norfolk, part of its 6GW pipeline of development projects across the UK.
Tony Gannon, Head of Downing Renewable Developments said: “Downing is delighted to have secured our new Glasgow office at McLellan Works, which provides the space and flexibility we require in order to accommodate our significant growth in Glasgow to date, along with meeting our future anticipated growth requirements. Downing also welcomes McLellan Works commitment to sustainability, which aligns with our own commitments.”
Adapt Commercial Property acted as joint agents with JLL on behalf of Bywater at McLellan Works, securing Downing as a tenant for the impressive 5,249 sq ft third floor space, previously occupied by Experian. This deal not only brings a high-quality tenant to the building but also aligns perfectly with the McLellan Works ethos. The back-to-back nature of the transaction, which repurposed elements of the previous tenant’s fit-out, complements McLellan Works commitment to sustainability.
For further information on available opportunities at McLellan Works, please contact Fergus Maclennan on 0141 266 0571 or email fergus@adaptcommercialproperty.com
