Clyde Gateway attracts new jobs through the sale of office building

Advised by Ryden, Clyde Gateway has announced the sale of an office development in Rutherglen town centre. The move will result in technology business Certum Limited relocating from Glasgow city centre and bringing its 39 employees to Rutherglen.

Certum has doubled its growth over the last four years. With the larger capacity in Rutherglen, it has already recruited seven new staff and plans to increase headcount to 80 employees in the coming years.

The firm will occupy the entire first floor of the building, retaining the ground floor as flexible workspace for local businesses.

Clyde Gateway purchased and retrofitted the former housing services office in 2010, and it has been operating since 2012 as Red Tree Rutherglen, providing office suites to support local businesses. The building was the first of three Red Tree office developments delivered by Clyde Gateway.

Ian Manson, chief executive of Clyde Gateway, said:

“The successful investment sale of this modern town centre workspace comes hot on the heels of the recent sale of our nearby Three Rutherglen Links office building.

"This welcome investment in the area brings a high growth company with new jobs for Clyde Gateway with many more in the pipeline. It also shows that investing in Rutherglen town centre has been effective in attracting jobs and businesses.”

Gillian Giles, Offices Agency Associate at Ryden, added:

"We were thrilled to act on behalf of Clyde Gateway to help achieve one of their main objectives of increasing employment by helping broker the deal with Certum to relocate them from the City Centre.

"Clyde Gateway is always considering opportunities to grow in the area, as this deal demonstrates, and at Ryden, we will be excited to support them along the way."

Ryden acted on behalf of Clyde Gateway in this transaction, while Derek Paterson advised Certum Limited.