AutoRek, a leading provider of financial, operational and regulatory reporting and control software, has been confirmed as the latest occupier for The Garment Factory, a unique and contemporary office development in Glasgow’s city centre.
AutoRek, which also has offices in Edinburgh, London and New York, is taking the entire fourth floor of The Garment Factory, comprising 8,385 sq ft of space, on a ten year lease. The firm will relocate from its current premises on Bath Street in Glasgow later this year following a period of fitting out. It’s new space in The Garment Factory is double the size of the Bath Street office, representing a significant expansion for the firm.
Headquartered in Glasgow, AutoRek provides software solutions for organisations operating in the global financial services market. Their team of 65 employees specialise in financial data management and regulatory reporting. The team continues to expand in line with the market demand resulting from increasing UK and international regulations.
A category ‘B’ listed building located at the corner of Ingram Street and Montrose Street in the Merchant City Central Conservation Area, The Garment Factory is one of Glasgow’s most notable buildings. It provides 47,382 sq ft of high quality retail and design-focused office space over seven floors.
A recently completed £6million refurbishment project at the building, by developer Castleforge Partners, involved combining the restoration of the original features, including exposed ceilings, steel and brickwork, wooden flooring and ornate staircases, with the introduction of contemporary finishes throughout to provide a 21st century workplace.
Gordon McHarg, Managing Director at AutoRek, commented: “After years of sustained growth we are excited to confirm we are moving our Glasgow team to The Garment Factory, a fantastic building in a great location.
“We have achieved considerable business success over the past few years which has led to the need to significantly expand our operations. Our new space in The Garment Factory will offer us the larger premises we need to accommodate this growth.”
Tim Jacobsen, a partner at Ryden, letting agent for The Garment Factory who represented Castleforge Partners in the transaction, said: “It is great news that we can confirm another entire floor has been let at The Garment Factory. AutoRek is a highly successful company and I am sure the staff will settle in well at the building when they take occupation later this month.