One of the most well-known buildings in Glasgow, the iconic Art Deco cinema on West Regent Street, has found a new lease of life as commercial office space following a complete renovation.
The Odeon cinema, which closed its doors in 2006, has been rebranded as The Reel House and converted into four floors of Grade A office accommodation. The property, which also boasts an extensive third floor balcony, was purchased in 2016 by Carrick Properties.
Knight Frank has been appointed alongside JLL as joint letting agents for the building.
Originally opened in 1934 by the Paramount Cinema chain, the building has long been one of Glasgow’s most popular venues, and in between film screenings, has also played host to concerts by The Beatles, Jimi Hendrix, Bob Dylan, Dusty Springfield, Johnny Cash and The Rolling Stones.
The refurbishment, which was carried out by Ryder Architecture, means the category B listed building has retained many of its traditional elements while offering more than 14,000 sq. ft. of flexible, open-plan workspace with a rental value of £22.50 per sq. ft.
Sarah Addis, Associate at Knight Frank, said:
“The Reel House is steeped in history and remains as iconic as ever. The renovation has created a stylish, contemporary and flexible workspace. Given the quality of the refurbishment, its central position, and the lack of Grade A office accommodation of its kind currently available in Glasgow, we anticipate occupiers will be captivated by the space.”
In recent years the surrounding area has undergone substantial regeneration, with various new office, retail and food and drink developments successfully launching.
Claire Watson, Senior Surveyor at JLL, said:
“The Reel House refurbishment has created an excellent opportunity for businesses to move into a prime location with strong transport links and a bustling locale. The finished article has been transformed into one of Glasgow’s most exciting office developments, fit for businesses looking for contemporary space from approximately 2,000 sq. ft. up to around 14,000 sq. ft.”