Glasgow’s Morgan Stanley building is up for sale in the city centre

The Morgan Stanley office building in Glasgow city center has been put up for sale.

The building at 122 Waterloo Street was completed in 2018 at a cost of £45 million and consists of nine floors and provides office space for 2,000 people.

The location provides the largest European office for US bank Morgan Stanley outside of its London headquarters. As well as providing office space, it also has a gym and fitness center operated by Nuffield Health on the ground floor.

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The owners are now putting the office up for sale, with the building being marketed by Knight Frank Investment Management and Cushman & Wakefield.

John Rae, head of Knight Frank’s Glasgow office, said: “122 Waterloo Street is a prime asset located in the heart of Glasgow’s international financial services district, backed by a very strong deal in Morgan Stanley – particularly given its status as a ” critical mission”.

“Glasgow has seen an increase in transaction activity in the early months of 2024, so we expect to see a good level of interest, with buyer and seller expectations converging as interest rates look set to remain higher for longer.”

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Murray Strang, managing partner for Scotland at Cushman & Wakefield, added: “This opportunity should be very attractive to a range of international investors and parties considering investment in a leading UK regional office market.”