The development was pushed through by the Clyde Gateway Urban Regeneration Company and funded by the investment arm of insurance company Aviva.
Construction begins on site this month, with a completion date of late February 2012. GCSS will occupy the new office from April 2012.
The new 6,000 square metre office, to be known as Eastgate, is on a brownfield site in Bridgeton.
Glasgow City Council agreed the terms of a 20-year lease for the property which will see GCSS vacating various city centre sites that are currently rented and relocating all of their operations, except the CCTV control centre, to the East End.
Clyde Gateway chief executive Ian Manson said: “The Eastgate development is one that we identified as being hugely significant in the first phase of Clyde Gateway and we are very pleased that the support of the City Council has enabled Aviva and Dawn to be our first private sector partners.
“Our vision for the next 20 years simply cannot be realised without further substantial investments by the private sector, and while no-one can deny that Clyde Gateway is beginning to make a difference across our communities we cannot afford to rest on our laurels”
“We have a big job on our hands to replicate what we have achieved at Eastgate but we will be boosted by the upcoming opening of the M74 and the 2014 Commonwealth Games, both of which will help make this whole area much more attractive to investors and developers.”
Glasgow City Council leader Gordon Matheson said: “This is fabulous news and a fantastic outcome for all the parties involved. GCSS will be moving to a state-of-the art building and paying the same rental as at their existing premises while Clyde Gateway takes another giant step in its efforts to regenerate the East End over the coming 20 years. Most importantly, the commitments made by Aviva and Dawn demonstrate that the private sector are keen to invest in Glasgow even at the most challenging of times across the property and development markets.”
He added: “This investment in people is another huge boost for the East End and delivers on the council’s aspirations for working alongside Clyde Gateway and the private sector to promote and deliver the extensive physical, social and economic regeneration we are promising.”
Eastgate will be designed to BREEAM ‘excellent’ standards ensuring it has a top rating for sustainability and environmental performance.
Founded in 1972, the Dawn Group is one of Scotland's largest independent property and construction groups with annual sales of more than £100m.
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