inovo, first building in Glasgow's renewable zone opens

Published on: 27.01.2014

Scottish Enterprise's new £10 million industry engagement building - inovo - based at the heart of Glasgow's International Technology and Renewable Energy Zone (ITREZ), has been officially opened today, 27 January 2014, bringing new jobs and investment opportunities to Scotland.


Built to support Scotland's ambition in the offshore renewable energy market, inovo has already attracted seven tenants to date, occupying over 40 per cent of the building.


Adrian Gillespie, managing director of operations, company growth, innovation and infrastructure at Scottish Enterprise was joined at an opening ceremony by key partners, stakeholders and tenants to mark the momentous occasion.


Speaking at the event, Adrian said: "Scotland offers world-class opportunities for investment and growth in the offshore renewables sector. Its global reputation as a business location has attracted many international companies such as Samsung, Mitsubishi, Gamesa and Areva. Today's opening strengthens Scotland's position as "The Location' for innovation in renewable energy.


"Initiatives such as ITREZ play a key role in supporting the growth of the sector in Scotland. In particular, inovo, together with the University of Strathclyde's Technology Innovation Centre, aims to bridge the gap between industry and academia by offering co-location opportunities and creating an ideal breeding ground for industry to harness cutting edge research and help shape the offshore renewable industry of tomorrow.

"So far, the response from companies interested in locating to inovo has been incredible and as a result, we have already let over 40 per cent of the building. Working with our property agents, GVA James Barr, we will continue to market the remaining space, which I'm pleased to say, is still receiving a lot of interest."


Comprising five floors, the ground floor offers a suite of smaller units - where only one remains - which have been let to both new and existing companies including Linknode, Green Marine Solutions and SgurrControl. Larger accommodation is available in the upper floors which is currently home to the Offshore Renewable Energy Catapult and will become home to the new Sensor Systems Innovation Centre, CENSIS, in the spring.


Commenting on its decision to locate to inovo, Green Marine Solutions managing director, Justin Moseley, said: "We saw locating to the inovo both as from a strategic and marketing perspective. Both reasons are fulfilled by being part of the cluster of renewable organisations within Glasgow. The inovo building is ideally placed at the centre of this region and we are excited to be part of it."


Work on the inovo building started in May 2012 and reached practical completion in September last year. inovo is the first office building in Glasgow to obtain an "A' Energy Performance Certificate rating for its low carbon emissions and an Excellent BREEAM environmental assessment rating.



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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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