Glasgow’s new urban business location, Magenta @ Clyde Gateway, will be the only Scottish investment opportunity to be promoted by the UK Government’s Department for International Trade (DIT) at MIPIM UK this week.

MIPIM UK is the largest property event in the UK for professionals looking to close deals across all major sectors of the property market. It will showcase investment opportunities within the office, retail, industrial, residential, healthcare and sports property sectors. It will be held at Olympia, London, from Wednesday 18th – Thursday 19th October.

On the site of the former Shawfield industrial estate, Magenta @ Clyde Gateway is set to become one of the UK’s largest office locations, set on 27 acres next to the River Clyde and M74 motorway network, under two miles from Glasgow’s city centre. It is estimated that the development will bring at least 12,000 new jobs to the area, and the first office building is already under construction on the site.

Ian Manson, Chief Executive at Clyde Gateway said: “We are delighted that DIT will be promoting Magenta to an audience of potential investors at MIPIM UK. Magenta is the largest office development with planning consent in Scotland and will create a new national business district. Clyde Gateway has invested significantly in public realm and infrastructure works to the site to ensure it is development-ready, and the first office building is due to open in summer 2018.

“Neighbouring the Magenta site, Police Scotland has already seen the massive benefits of locating over 1,000 administrative, finance, and IT staff at Clyde Gateway, and more and more companies are seeing first-hand why this area is such an attractive proposition for investment and the ideal location to do business.”

Highbridge Properties Plc – Clyde Gateway’s development partner for Magenta – is a specialist business park developer which has successfully developed over 13 million square feet of office and industrial space, including Cobalt, the largest office park in the UK.

Guy Marsden, director at Highbridge Properties PLC said: “Magenta provides a great opportunity for further inward investment into the Scottish economy. The proposed grade A office space will offer savings of over 35% compared to similar new-build offices in city centre locations. High density organisations, such as shared services and customer contact centres can make even greater savings, as buildings can be designed to meet their exact requirements and achieve very efficient occupational densities.

“Magenta benefits from world class infrastructure and transport links, with a train station five minutes’ walk away, 15 minutes from Glasgow Airport, two minutes from the M74, and only two miles from the city centre – it is a very attractive location for office occupiers and investors alike.”