Galbraith Secures Letting In Glasgow For Animal Hospital Expansion
The Galbraith Commercial Asset Management Team, acting for Buccleuch Property, has secured a new 15 year lease to Vets Now at 123 / 145 North Street Glasgow for the expansion of the company’s veterinary hospital.
The deal takes the Vets Now overall occupation to around 17,300 sq ft with 26 car spaces and allows the company to move forward with plans to expand the business. This deal also means the building is now fully let. Pamela Gray, Partner at Galbraith said:
This is a good example of a Landlord and Tenant working together to find an occupational and leasing solution which works for both parties. Our client has secured a straight 15 year lease to an excellent tenant whilst Vets Now have the platform to create a state-of-the-art 24/7 emergency and speciality hospital.
Vets Now, who were represented by Andrew Reilly Associates, agreed a simultaneous surrender of their existing lease over the ground floor and entered into a new 15-year lease over the ground, first and second floors, of the four storey building. Andrew Reilly of Andrew Reilly Associates said:
This is a tremendous outcome. My clients like the prominent location and were keen to secure additional floor space to facilitate the creation of a world-leading emergency centre of excellence. This will be a superb facility offering the opportunity for further growth of the business.
Pamela is the Partner in charge of Commercial Property Asset Management, based in our Edinburgh office and working for clients throughout the UK. She specialises in the full range of Asset Management and Consultancy services across all the commercial sectors.