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20 January 2025
by Europi Property Group

CityBee, the UK office joint venture between Europi Property Group and Trinova Real Estate, has secured two lease extensions comprising c.60,000 sq ft at Cuprum, Glasgow.

CityBee, the UK office joint venture between Europi Property Group and Trinova Real Estate, is delighted to announce that lease extensions have been secured with two key tenants at Cuprum, Glasgow.

Cuprum is situated in the heart of Glasgow, blending impressive exterior architecture with contemporary interiors to provide high quality Grade A office accommodation. Cuprum is strategically positioned at the Western gateway to Glasgow City Centre, located within the International Financial Services District and benefitting from excellent public transport links. The building benefits from strong ESG credentials, including an EPC A rating and BREEAM ‘Very Good’.

AXA Insurance UK Plc have committed to remain in occupation of c.33,000 sq ft across the 3rd and 4th Floors of the building until 2031. An extension has also been agreed with Teleperformance Limited, who retain c.27,000 sq ft across the Mezzanine, 1st and 2nd Floors of the building until 2030.

These transactions, both completed in December 2024, demonstrate strong leasing momentum for the building and confirm the retention of two high-quality long-standing tenants within the occupier lineup. It is a positive reflection on the recent investment into the building by the Landlord to deliver a refurbished reception and cycle storage, shower and changing facilities, alongside leading ESG credentials.

Avison Young are marketing the remaining 17,000 sq ft which is now available to lease at Cuprum.

Mike McCarrick, leading the asset management for Trinova, commented:

“We are delighted that AXA and Teleperformance have committed their future occupation to Cuprum. The recent investment that the landlord has made into the space, to provide best in class amenities and secure an EPC A rating, has helped to provide a working environment that has appealed to both occupiers. While Glasgow has experienced challenges with the return to the office, momentum is building strongly, and we look forward to welcoming future occupiers to the building”

James Tootell, Asset Management Director at Europi Property Group, added:

“Demand from office occupiers remains strong for well-located, sustainable buildings that offer high-quality tenant amenities. As businesses evolve, forward thinking companies continue to invest in workspaces that foster collaboration, creativity and innovation within their teams. We are pleased to secure these important lease extensions, which demonstrate the ongoing appeal of Cuprum to occupiers within the Glasgow market.”

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