Westbrooke Alternative Asset Management provided a senior debt facility to Longstock Capital for the acquisition of Atrium Court, a notable office building in Glasgow, highlighting the growing demand for quality office spaces in the city.

Target Information

Westbrooke Alternative Asset Management UK (“Westbrooke”) has provided a senior debt facility to facilitate Longstock Capital’s acquisition of Atrium Court, a notable 104,000 sq ft office building located in the heart of Glasgow. Originally constructed in 1890 as the city’s main post office, Atrium Court was transformed in 1989 into a functional five-story office space while retaining its striking limestone façade. This combination of historic charm and modern efficiency renders the property highly appealing to tenants in the Glasgow office market.

Industry Overview in Glasgow

Glasgow’s office market has shown remarkable resilience, even amid fluctuating economic conditions. In the first quarter of 2025, the total office take-up reached 150,631 sq ft, considerably surpassing the five- and ten-year averages. This performance underscores a robust demand for premium, strategically located office spaces, despite the challenges posed by limited supply in the market.

Furthermore, leasing volumes in Q1 2025 were 32% greater compared to the same period in 2024, as reported by Savills. This trend indi