FORE acquires prime office development site in Glasgow

FORE Partnership, the pan-European real estate investment club for family offices and private
investors, has acquired a prime development site in Glasgow with planning consent for a 95,000 sq ft
office building.

The site, called New Exchange, comprises two vacant office buildings at the corner of Cadogan and
West Campbell streets, close to the main train station, which FORE Partnership has acquired from
Titan Investors for £5.1 million. Titan has been retained as development manager.

The two buildings, Richmond Exchange and Epic House, are at the end of their economic lives and
will be demolished. Planning consent has been secured for the development of a single 10-storey,
95,000 sq ft Grade A office building, designed by architects Cooper Cromar.

FORE Partnership will apply its “responsible real estate” approach, which focuses not only on the
traditional “green” features aimed at reducing carbon via energy, water and waste strategies, but
also more broadly on the built environment, community, urbanisation, trends around how space is
used, a holistic view on the responsibility FORE Partnership has as a landlord, and the role real estate
plays in people’s daily lives.

Basil Demeroutis, Managing Partner of FORE, said: “We are delighted to have made our first
acquisition in Glasgow and we intend to make further acquisitions in this vibrant and dynamic city.
“We believe we have acquired one of the best development sites in the city’s central business
district. We aim to create the most sustainable office building in Glasgow, with health and wellness
fully embedded in the design”.

The transaction was completed off market, following FORE Partnership’s acquisition of 24 Mount
Street in Manchester from Titan in December 2015.