Hitachi Energy has announced it will establish a UK Engineering Centre of Excellence in the heart of Glasgow City Centre. This exciting inward investment sees the global firm acquire the 14,982 sq ft 8th floor at the prestigious 110 Queen Street on a new 10-year lease, joining an impressive tenant line-up including Deliotte, Natwest, Brodies LLP, WSP, Clyde & Co LLP and ACCA.
Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative power grid technologies with digital at the core. Backed by a £1.7 million grant from Scottish Enterprise, the firm will invest over £3 million to open the city centre site early next year. The centre will create a base for 88 engineers and project managers who will focus on upgrading the UK’s electrical grid in the move towards a net-zero future.
Fergus Maclennan of Adapt Commercial Property who brokered the deal on behalf of the landlord, DWS commented “We are thrilled to attract another high-calibre occupier to 110 Queen Street following a raft of recent new lettings. A massive coup for Glasgow and the wider Scottish economy.”
Caroline McCabe, UK and IE Country Real Estate Manager for Hitachi Energy explains: “We wanted the highest quality, contemporary space for our new Centre of Excellence. Hitachi Energy was attracted to the central location, sustainability credentials and high-quality offering at 110 Queen Street.”
Welcoming the news, Cabinet Secretary for Climate Action and Energy Gillian Martin said “The expansion of our electricity networks will play a crucial role in delivering our energy ambitions – in particular for offshore wind – and maximise the economic opportunities for Scotland’s abundant renewable resources. I am delighted that Hitachi has chosen Glasgow as the city to base its new UK Centre of Excellence, helping to highlight Scotland’s leading role in developing renewable energy across the globe.”
Gillian Martin went on to say that Hitachi Energy’s investment sends a clear signal to investors that Scotland is “open for business” and hopes the deal will be a catalyst for further investment, jobs, and opportunities across the country.
