New 14-storey building will house up to 1,500 employees
Scottish Power has unveiled plans for a new 14-storey headquarters in Glasgow city centre.
The development, which will eventually house up to 1,500 Scottish Power staff, will be located on a site on the corner of St Vincent Street and India Street.
The 220,000 sq. ft building is expected to be complete by late 2015, and will consolidate Scottish Power's two current Glasgow offices and another in Falkirk.
Dawn Developments, in partnership with Helical Bar, have been named as preferred developers for the £80 million project.
Scottish Power plans to take a long-term lease on the new building from the developers.
Ignacio Galan, chairman of Scottish Power, said: “Our plans in the UK in the coming years require an office complex that is fit for purpose to deliver and manage these investments.
“Following the integration between Iberdrola and Scottish Power in 2007, we have invested £4 billion in the UK and made a commitment that Glasgow would remain as the central location for our company in the UK.
"This new development will ensure Glasgow remains home to Scottish Power's UK headquarters for the long term and will be a hub for delivering the £10bn of planned investment over the coming years."
Keith Anderson, Scottish Power's chief corporate officer, added: “We currently have an ageing office portfolio that is no longer suitable to match the growth in our business, particularly in renewable energy, engineering, traditional generation and expanded customer offering.
“Our new office will be modern and functional, and will bring together many ScottishPower people from across the business to be located in a single central site.”