23

August

Tech firm locates to Finnieston

Squarestone Growth has signed tech company Gold Standard Simulations (GSS) at 133 Finnieston Street in Glasgow.

GSS, which was acquired by Californian software giant Synopsys in May, is taking 3,000 sq ft on the second floor, on a 10 year lease at a rental of £16 per sq ft.

The company was set up in 2010 by Professor Assen Asenov as a spin off from Glasgow University, with £720,000 seed funding and support to commercialise more than 20 years of research.

GSS has developed software that enables the semiconductor industry to improve the speed and power of the transistors that fuel consumer devices like mobile phones and computers.

Fergus Maclennan of Cushman & Wakefield, who is jointly marketing the building with Lambert Smith Hampton, said: “It is great news for Glasgow that such a large global software firm is investing heavily in the top talent and capabilities which Scotland can offer the global semiconductor industry. We are delighted Synopsys have opted for 133 Finnieston Street for their new Glasgow office where they can take full advantage of the high quality office space in this vibrant location.”

Synopsys is the fifth company to lease space in the building owned by Squarestone Growth since the beginning of the year and follows the arrival of Spencer British Engineering, Handelsbanken, Phonesmart and Castlight Financial.

Paul Coulter of Squarestone Growth added: “We are delighted to welcome a prestigious international company like Synopsis to our building. Since acquiring the building late last year we have worked closely with our agents and tenants to deliver Grade A office space on flexible terms. We continue to experience strong levels of demand with only 1.5 floors remaining.”

Original news release from CoStar UK


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