‘Bellpenny expand offices in Glasgow city centre’
Wealth management firm Bellpenny, a national firm supported by Oaktree, the global investment management firm, has agreed a five-year lease for offices in 180 West George Street, Glasgow.
Bellpenny reached £1bn in funds under management in October 2013, just a year after opening for business by September 2014 this figure was £2.5bn.
The 6,771 sq ft ground floor suite becomes Bellpenny’s base in Scotland and is the company’s sixth hub across the United Kingdom.It is a 5-year lease at £17 per sq ft acquired by Lambert Smith Hampton.
Bellpenny has recently acquired a number of businesses in the financial services sector in Glasgow and is expected initially to move more than 20 staff into the office space and expand significantly thereafter.
Dawn Pearce-Herzberg, Operations Director of Bellpenny commented: “Our thanks to Lambert Smith Hampton for doing a thoroughly professional job in securing these premises for Bellpenny. The space is absolutely ideal for us as it also has suitable areas to accommodate visiting clients. And, crucially given our ambitious expansion plans in Scotland, it gives us plenty of flexibility and room for future growth.”
Aasia Mohammad, Lambert Smith Hampton’s associate director for Business Space, said: “We are delighted to have clinched this deal for Bellpenny. The Central Business District location, suitable suite size and high quality specification on offer of the ground floor made it an attractive option for them.”
The landlord was represented by Cushman & Wakefield and Ryden.
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