Shepherd and Wedderburn advises JPMorgan Chase on new Glasgow tech hub

A multidisciplinary Shepherd and Wedderburn team advised US-based financial services group JPMorgan Chase on its plan to build a new technology base in Glasgow. 

Planning has already been approved for the 13 storey, 270,000 sq ft development in Argyle Street in the heart of Glasgow's International Financial Services District (IFSD). 

Construction is expected to begin in early 2020, and once complete in 2022 will house approximately 2,000 technology specialists, with the development providing additional capacity to expand out to c. 2,700 employees. 

Shepherd and Wedderburn’s advisory team spanned property, construction, planning, tax, banking and litigation in what was an extremely complex project delivered to a tight deadline.  

The Shepherd and Wedderburn team comprised George McKinlay, Euan McLeod, Michael Henderson, Matt Lamberton, Lauren Thomson, Moray Thomson and Nicole McGarty (Property and Infrastructure); Andrew Kinnes (Banking and Finance), Stephen Miller (Corporate Tax), and Stephanie Hepburn and Colin Archibald (Commercial Disputes and Regulation).

George Mckinlay, the Property and Infrastructure Director at Shepherd and Wedderburn who led on the project, said: “We were delighted to work with JP Morgan Chase and their team on this project, which will result in significant regeneration and an economic boost for the city of Glasgow.”