VIRGIN BUILDING ON ROYAL EXCHANGE SQUARE UP FOR SALE

A landmark building on Glasgow’s iconic Royal Exchange Square has been put up for sale.

The offices, located on the corner of Royal Exchange Square and Queen street, is the flagship store of Virgin Money.

The company has a lease on it until 2029 at an annual rent of £190,000.

Virgin recently demonstrated its wider commitment to the city through its agreement to sign a long-term lease on its new Head Office at 177 Bothwell Street.

Virgin have also announced that it is to open a new Virgin Hotel in 2022 on Clyde Street, a short distance to the south of the Virgin Money store and overlooking the River Clyde.

The building has been brought to market by Shepherd Chartered Surveyors.

Managing partner, Steve Barnett, says: “The site offers approximately 11,400 sq ft over five levels and sits alongside the city’s acknowledged prime office building developments.”