Go ahead for ‘long-overdue’ Glasgow scheme

Harbert Management Corporation and XLB Property have been granted planning permission for the “long-overdue” regeneration of the seven-acre Central Quay site in Glasgow.
The masterplan for the brownfield site, which has lain vacant for several years, includes 400 new homes, over 300,000 sq ft of offices, a 150-bed hotel, food and retail units and extensive public realm.
Harbert and XLB are also in discussions with a major private rented sector developer to build homes at Central Quay.
“Central Quay is a significant site and its regeneration is long overdue,” said XLB founder Tony Lawson. “It will now provide a major new mixed-use quarter to the western edge of Glasgow City Centre close to the SSE Hydro, Scottish Exhibition Centre and major transport hubs.
“The masterplan is designed around a vibrant high-quality environment, providing new homes and offices plus supporting amenities.”
He added that, due to Central Quay’s location on the periphery of Glasgow city centre, the grade-A office space would be available to pre-let at significantly less than city centre rents, which are in excess of £30/sq ft.
The first phase of development is expected to commence towards the end of 2018.
The joint venture is being advised by GVA and CBRE and the masterplan was designed by architects Keppie Design.

22nd Jan 2018 Read the article

Harbert/XLB fill up in Welwyn

Harbert Management Corporation and XLB Property have let the last remaining space at the 40,000 sq ft Alchemy, Welwyn Garden City, with utilities company Affinity Water taking 8,212 sq ft on the second floor.

14th Dec 2017 Read the article

Hong Kong investor makes £33m UK debut acquisition

Hong Kong investor Chen Hsong Holdings has entered the UK property market with a debut £33.1m acquisition of 28 Dorset Square from Harbert Management and XLB.

14th Dec 2017 Read the article

Rockspring commits to next phase at Cambridge Research Park after lettings flurry

Rockspring Property Investment Managers on behalf of Rockspring UK Value 2 LP has committed to further development at Cambridge Research Park after a flurry of letting activity.

20th Nov 2017 Read the article

Moorfield launches Aurora office block in Ealing

Moorfield Group has relaunched a 51,941 sq ft office building in Ealing, London, after completing a refurbishment of the site in partnership with XLB property.

07th Aug 2017 Read the article

Harbert/XLB formally market £175m Farnborough Business Park

US private equity firm Harbert Management Corporation and joint venture partner XLB have formally brought to market Farnborough Business Park in Hampshire for £175m.

13th Jun 2017 Read the article

Slough: Enhancing its credentials as an international business hub

Getting ready for a regeneration take-off.

08th May 2017 Read the article

LRE Capital/XLB launch major Slough office

LRE Capital and development manager XLB have launched 25 Windsor Road, a speculatively redeveloped 111,000 sq ft headquarters office in the centre of Slough.

02nd May 2017 Read the article

Harbert/XLB bag biggest office letting in M3 corridor in five years in Farnborough

Harbert Management Corporation and XLB have secured INC Research at Pinehurst 1 Farnborough Business Park, taking the new speculative scheme to full occupancy and landing the largest leasing deal in the M3 corridor in more than five years, CoStar News can reveal.

13th Mar 2017 Read the article

Harbert/XLB bag Environment Agency in Welwyn

Harbert Management Corporation and XLB Property have secured the Environment Agency to take 21,909 sq ft on the ground and first floors at Alchemy, Welwyn Garden City.

13th Mar 2017 Read the article

Shortlisted for Best Asset Management Initiative

We have been shortlisted for Best Asset Management Initiative, Industrial Agency Society Awards 2016 for Brent Trade Park, Wembley.

02nd Nov 2016 Read the article

The Hanover Green West London offices debate.

CoStar News Editor Paul Norman recently chaired the Hanover Green West London offices debate with some of the principal players.

07th Jul 2016 Read the article