Spire, a global provider of space-based data, analytics and space services has expanded its multifunctional facility at the Skypark campus, taking an additional 10,316 sq. ft. on an eight-year lease, adding to its existing 30,000 sq. ft. facility. The additional space consolidates Spire’s position to design, build, test, and integrate satellites entirely within one building and is one of the most comprehensive facility of its kind in the world.
In addition, new tenants ProceMX, a critical mission technology company and Phonesmart, that recycles and retails iPads, have signed a deal for 2,118 sq. ft. in Skypark 3 on a 3 year lease and 6244 sq. ft. on a 5 year lease at Skypark 5 respectively. The three deals equate to a total of 18,678 sq. ft. of space let.
Spire collects data from space to provide global weather intelligence, ship and plane movements, and spoofing and jamming detection. It designs, builds, and tests all of its satellites in Glasgow, totalling more than 100 satellites currently in operation.
Skypark, which is owned by Federated Hermes, a leading responsible investment manager, has seen Spire rapidly expand its presence at the business destination since 2015.
Skypark’s Strategic Lettings Advisor, Angela Higgins of Resonance Capital said: “Spire Global’s creation of a worldclass facility here, marks a significant space milestone and we are delighted to play a part in accommodating the growth of Scotland’s space sector. New lettings to ProceMX and Phonesmart, underline our accessibility and full package offer in drawing the technology sector to Skypark”.
Christina Holland, Asset Manager, Federated Hermes Real Estate, added: “We continue to attract high-quality and diverse names that are looking to expand, and Spire Global’s continued growth highlights the testament to the exceptional quality and flexibility of our space. We create places where people want to play, work and live, considering the environmental and social impacts of all our investments”.
Joint letting agents Ryden acted for Phonesmart and JLL acted for ProceMX in the completion of the deals.
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