Forma Real Estate Funds

Another new letting at our Glasgow office, Aurora! We have leased 8,500 sq ft to multi-national professional services firm Grant Thornton to take total occupancy to 96% within 5 months of the refurbishment completing. Grant Thornton joins other blue chip tenants such as PWC and SSE in the building. Ben Dickins, UK Head of Asset Management at Forma, said: “Our strategy to invest in well located assets with improvements to sustainability and occupier experience continues to deliver results. We look forward to welcoming Grant Thornton to Aurora, which will be the firm’s second office within the wider Forma UK portfolio.” Stuart Preston, practice leader for Scotland at Grant Thornton UK, added: “We’re happy to have agreed this exceptional space in the heart of Glasgow’s business district, which will provide a cutting-edge location for our people to serve our clients from locally. “The building’s prime location, coupled with its impressive sustainability credentials and state of the art facilities and amenities make it a very attractive proposition.” There is just one unit remaining in the building now. A vibrant and healthy office market!

Delighted to welcome to our Aurora building in Glasgow international law firm Pinsent Masons who signed last week on 31,000 sq ft across the 1st and 4th floors. We have now reached 92% occupancy less than five months post practical completion of the refurbishment with strong interest in the remaining 14,000 sq ft. Ben Dickins, Forma’s head of asset management, stated: "It was a pleasure to work collaboratively with the Pinsent Masons team to conclude matters so quickly. We look forward to them completing their fit-out in due course and enjoying the wide range of quality on-site amenities available at the development."

Our 5 St Paul's Square Liverpool Fund II property has won the Mix Interiors property design award in the sub 5,000 sq ft category. This is the 2nd award the property has won after winning Insider Property Awards 2023 'Deal of the Year' for our 20,000 sq ft off-market letting to Wealth at Work. This showcases our proactive, creative and diligent approach to Asset Management we implement across our portfolios.

Forma Fund II has completed on its acquisition of 19-31 Piccadilly in Manchester City Centre. The 87,500 sq ft mixed use building includes a 157-room Travelodge hotel as well as three ground and basement units let to Morrisons, Zizzi and Nando’s. Chris Taylor, CEO of Forma’s UK team said “Having targeted prime CBD office assets over the past couple of years, we are delighted to diversify our portfolio with such a high quality asset. “The Manchester hotel market is thriving and showing continued year on year growth and given the vibrancy of the location we believe the performance of the hotel and the F&B units beneath will continue to go from strength to strength. We remain active in the market and continue to seek to expand our growing UK platform.” https://lnkd.in/gAfhGQ6D

With the signing of energy company SSE we have now let 73% of our prime Glasgow office, Aurora, 120 Bothwell Street. All lettings were agreed or concluded prior to the refurbishment completing. Interest in remaining space is strong and we expect to reach close to 100% occupancy soon. #offices #repositioning #investment

A great tenant for a great building. Thanks to all our team for their work on getting this over the line

We are delighted to welcome PwC to our newly completed refurbishment at Aurora, Glasgow! One of a number of high performing companies that committed to the building prior to completion. We look forward to announcing and welcoming further companies soon and we will also be sharing a range of photos to showcase the building. Thanks to our Glasgow leasing team Stephen Lewis, Sarah Hagen, Colin Mackenzie and Andy Cunningham. Please contact them for letting enquiries. https://lnkd.in/gwNzpcjh

We are pleased to announce the signing of PWC totalling 26,000 sq ft over our top two floors of our highly sustainable Glasgow office refurbishment at Aurora, 120 Bothwell Street. This is in addition to the already announced 20K sq ft letting to serviced office provider Cubo and a further two lettings that have exchanged in addition to this. We look forward to welcoming the range of investment grade tenant covenants to the building over the coming months as the building quickly fills up ahead of completion. Further updates to follow soon. Contact Chris Taylor and Ben Dickins at Forma UK for further information or our local Development Manager Stephen Lewis at HFD for enquiries. #refurbishment #offices #sustainability #glasgow #scotland https://lnkd.in/e6KpU4ir

Continuing on the investment trail. London and the Big 6 our focus!