Lucent Building in Glasgow signs up first tenant Pinsent Masons

Pinsent Masons has signed up to become the first tenant of Lucent Building, a £35 million new development by Orion Capital Managers in Glasgow. Ryden and Knight Frank acted on behalf of Orion in this transaction, and CBRE represented Pinsent Masons.

The leading law firm has agreed on a 15-year lease that will see its 300-strong Glasgow operation move to the best-in-class ESG Grade A office accommodation at 50 Bothwell Street in 2024.

Pinsent Masons will occupy part of the 4th floor and the entire 5th and 6th floors, totalling 27,561 sq ft. The fifth-floor features extensive private external terraces, while the sixth floor offers a newly created roof top reception and meeting space for clients, a spacious south-facing social space with a meeting terrace for staff and further private terraces.

Located on the corner of Bothwell Street and Wellington Street, the redevelopment has almost 80 per cent less embodied carbon than a new build office development and has integrated smart technology for occupier comfort and engagement.

With 91,000 square feet spread across six floors, it also offers a contemporary and light-filled environment that is conducive to productivity and well-being. The ground floor is designed with 90 per cent dedicated amenity space, to support occupiers’ need to attract, retain, and inspire talented professionals.

Lucent also houses a range of leisure facilities, including a stretch and fitness studio, a contemplation suite, dedicated dressing rooms, 95 cycle storage spaces, showers, lockers, a drying room and a bike repair station. Furthermore, all parking spaces are electric vehicle accessible.

Richard Low, asset management director at Orion, said:

“We are delighted to welcome Pinsent Masons as our first occupier at Lucent. When we bought this building, we wanted to create a working environment which would encourage people to come into the office and make use of the amenities on site.

"We believe we will achieve that with Lucent and have created an environment that caters for companies of the future as well as contributing to the wider regeneration of Glasgow city centre.”

Pinsent Masons partner and head of Glasgow, Barry McCaig, added:

“Lucent is a bold choice for Pinsent Masons but the inspired transformation of this stunning building on Bothwell Street times perfectly with our current lease expiry, which meant we were able to act fast to secure the top two and half floors of prime real estate in Glasgow’s business district.

“Not only does Lucent have great kerb appeal, but the building delivers against our environmental objectives and will provide exceptional amenities that will help us attract and retain the best people and lay the foundations for the next generation of legal and professional services talent."

For further information on the space available at Lucent, please contact Tim Jacobsen or Gillian Giles.