Prestigious award for Glasgow’s inovo

Published on: 09.04.2014

Scottish Enterprise and GVA James Barr are delighted to announce that inovo has won the British Council for Offices (BCO) Commercial Workplace Award for the Scottish Region.

The prestigious accolade, recently awarded [4 April] at a ceremony at Glasgow’s Grand Central Hotel, is given to an outstanding new building which is developed on a speculative basis for commercial letting. Previous winners include landmark Glasgow developments G1, 141 Bothwell Street and Aurora, as well as Edinburgh’s Quartermile.

Completed last year, Scottish Enterprise’s 42,000 sq ft Grade A office is already almost fifty per cent let. Located in Glasgow’s George Street, inovo is the first development to complete as part the International Technology and Renewable Energy Zone (ITREZ), targeted solely at the renewable energy sector. Current tenants include energy companies Catapult, CENSIS, Taylor Hopkinson, Sgurr Energy, Green Marine and Linknode.
Alison Taylor, Director, GVA James Barr says the award was an excellent achievement given the tough competition, which included Atria in Edinburgh. “Scottish Enterprise has developed a stunning building with unrivalled green credentials and many innovative features. The award is testament to the innovative design as well as the high quality specification and construction of the building. Despite the continuing challenging market, upon building completion we were nearly fifty per cent let which reflects the quality of the space on offer. We are confident that the extremely competitive rates, along with this recent accolade will soon see the building fully let.”

Scottish Enterprise led the development of inovo which provides 42,000 sq ft of Grade A offices and is the first building in Glasgow to offer an ‘A’ Energy Performance Certificate (EPC) rating. There is a total of 23,000 sq ft available with rents at £22.50 per sq ft for best in class space.

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Notes to Editors
  • IRETZ is an alliance of the public, private and academic sectors, and is stimulating co-location, investment and job creation by industry.
  • Centred in Glasgow, ITREZ is becoming known as an internationally competitive location for investment and research in the areas of renewable energy and enabling technologies.
  • The Offshore Renewable Energy Catapult is one of seven technology and innovation centres established and overseen by the Technology Strategy Board, representing a £1bn public and private sector investment over the next five years.
  • inovo was formerly known as the Industry Engagement Building.
  • The University of Strathclyde is recognised as one of the UK’s leading international technological universities and has the UK’s only Wind Energy Research /Doctoral Training Centre.


GVA profile

GVA is the UK’s largest independent commercial property consultant. Headquartered in London and with 12 offices and 700 fee earners across the UK, GVA offers the country's largest and most diverse multidisciplinary property consultancy outside of the capital. The company is 80% consultancy-based.

GVA generated a turnover of £117 million year ending 30 April 2012, up from £115 million on the previous year. For further information visit www.gva.co.uk

GVA is also the owner of GVA Worldwide, an international network of independent property advisors serving 25 countries, with nearly 5,000 real estate professionals throughout the US and Europe. For further detail visit www.gvaworldwide.com

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