THE Daily Record is to leave its waterfront office building in Glasgow and move into a new space.
The newspaper, and its sister Sunday Mail title, will be based out of offices on the first floor of 55 Douglas Street, according to the commercial letting giant CBRE Group.
Journalists from other outlets owned by Reach PLC, including the Scottish Daily Express and Glasgow Live, will also be based at the Douglas Street office.
CBRE said that the Record had signed a 10-year lease for the 14,298 sq ft of workspace at a rental of £29.50 per sq ft. The total comes to an annual bill of around £420,000 per year.
The Record will be relocating from its current office at 40 Anderston Quay on the River Clyde (below).
CBRE, on behalf of landlord Signal Capital, said that the newspaper was the first occupier of its newly refurbished 55 Douglas Street space, which in total comprises 85,000 sq ft of office space over six levels.
The space also includes “a fitness studio/gym, 120 cycle racks with dedicated cycle entrance, drying room, and high-end gym-style shower and changing rooms”, CBRE said.
David Dick, the editor in chief of the Scottish Daily Record and Sunday Mail, said: “This is the start of a new era for the teams at the Daily Record and Sunday Mail who will be joined by the Scottish Daily Express, Glasgow Live and journalists from many of our other print and digital mastheads.
“We look forward to building a fantastic future for our news brands in our new city centre home.”
Martin Speirs, associate director at CBRE Scotland, said: “It is great news that we’ve secured Scottish Daily Record and Sunday Mail Limited for 55 Douglas Street (below).
“While the office market is facing challenges, this letting is clear evidence that quality accommodation is highly sought after by occupiers and that the wellbeing of their staff is paramount when selecting new office space.
“The building’s fantastic ESG [environmental, social, and governance] credentials and abundance of wellbeing facilities, coupled with its well-connected location, ensures that it offers some of the best office space in Glasgow city centre, enabling it to attract the best occupiers in the market.”
Gareth Richardson, director at Signal Capital, added: “We are delighted to welcome the Scottish Daily Record and Sunday Mail as our first tenant to 55 Douglas Street.
“Having such a large and well-known occupier lease the first floor is testament to the quality of 55 Douglas Street and its credentials as a modern, green and efficient office building that delivers on occupiers’ ever increasing demand for best in class amenities.”
CBRE represented the landlord Signal Capital jointly with JLL in the transaction whilst Paradigm Property Consultants acted for Scottish Daily Record and Sunday Mail Limited.
