The International Financial Services District (IFSD) (Scottish Gaelic: Sgìre Seirbheisean Ionmhais Eadar-nàiseanta) is a public-privatefinancial district in Glasgow, Scotland. Based at Scottish Enterprise, the £1 billion venture aims to create an attractive inward investment location for leading international financial services companies and a re-location option for existing Glasgow-based companies, seeking to expand their operations.
Scottish Government, Scottish Development International, Skills Development Scotland, Glasgow Chamber of Commerce, Glasgow Economic Leadership, BT and numerous, financial institutions, property developers and investors
The district offers over 3 million sq ft of office space which has been developed at the district since the development of the project in 2001.[2] Major tenants of the International Financial Services District include Morgan Stanley, JPMorgan Chase and Barclays.[3]
Prior to the launch of the IFSD in 2001, the long-term decline of the old Port of Glasgow and its associated wharves and warehousing had resulted in a neglected infrastructure in Glasgow's city centre area fronting the River Clyde, otherwise known as the Broomielaw. The result was a small number of isolated modern offices, standing adjacent to derelict land and vacant dilapidated buildings, loosely connected to Glasgow's traditional core business district centred on Blythswood Square at the western end of the city centre.[citation needed]
Planning led by Scottish Enterprise and Glasgow City Council, aimed to create a new, dynamic focus for the area’s regeneration, through the establishment of the IFSD. This was an important development of Glasgow’s financial services sector, which, with 28,000 employees, was recognised as vital to the city’s economic fortunes. In order to develop a fully serviced financial services district and exploit its long term potential, significant investment was required to create the right environment.[citation needed]
DefinitionEdit
No official boundary of the IFSD exists; notionally the term refers to the approximately 1 square kilometre area of the city centre bounded by the M8 motorway to the west, the River Clyde the south, Hope Street to the east, and Sauchiehall Street to the north - taking in most of Blythswood Hill, the south eastern fringe of Anderston and part of Charing Cross. This has given rise to the area's nicknames in the popular press: the Square Kilometre (in reference to the "square mile" of the City of London), and more the popular and widely used Wall Street On Clyde.[citation needed]
Economic ImpactEdit
A constant stream of new buildings has appeared in the IFSD since 2001, with more in the pipeline. The Aurora building in the IFSD for example.[citation needed]
Buildings & Notable ResidentsEdit
Offices of Morgan Stanley at the corner of Douglas Street, part of the IFSD
The IFSD is connected with two Glasgow Subway stations. The Glasgow Subway the world's third oldest underground metro railway in the world. The two stations that cover the IFSD are:
The Tradeston Bridge, completed in 2009, allows access by foot or bicycle over the Clyde between the IFSD and the Tradeston district, a feature which was previously lacking from the area requiring pedestrians to make an 800 metres (875 yd) detour via the George V Bridge to reach the same point.
ReferencesEdit
Glasgow IFSD (2010) Glasgow International Financial Services District, Leaflet.
^"Business Relocation – Facts about Glasgow's Financial District - IFSD".
^"Business Relocation – Facts about Glasgow's Financial District - IFSD".
^"Business Relocation – Facts about Glasgow's Financial District - IFSD".
External linksEdit
Completed Buildings in Glasgow
August 27, 2023
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This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view June 2023 Learn how and when to remove this template message The International Financial Services District IFSD Scottish Gaelic Sgire Seirbheisean Ionmhais Eadar naiseanta is a public private financial district in Glasgow Scotland Based at Scottish Enterprise the 1 billion venture aims to create an attractive inward investment location for leading international financial services companies and a re location option for existing Glasgow based companies seeking to expand their operations International Financial Services DistrictSgire Seirbheisean Ionmhais Eadar naiseanta Scottish Gaelic Part of the IFSD as viewed from West Street 2011General informationStatusCompletedTypeMultiple buildings containing office spaceLocationBroomielawTown or cityGlasgowCountryScotlandCoordinates55 51 24 N 4 15 45 W 55 85677 N 4 26241 W 55 85677 4 26241Current tenantsDirect Line Group Chubb Atkins Credit Suisse Direct Line Barclays BNP Paribas JPMorgan Chase NFU Mutual Morgan Stanley JPMorgan Chase SWIP esure Scottish and Southern Energy Scottish Courts and Tribunals Service Department for Work amp Pensions AonGroundbreaking2000 2001Construction started2001Completed2003Opened2003Renovated2018 present new buildings under constructionCost 1 billionClientScottish EnterpriseOwnerScottish Enterprise Glasgow City CouncilManagementScottish Government Scottish Development International Skills Development Scotland Glasgow Chamber of Commerce Glasgow Economic Leadership BT and numerous financial institutions property developers and investorsGrounds3 million sq ft across multiple buildings 1 Websitewww wbr ifsdglasgow wbr co wbr ukThe district offers over 3 million sq ft of office space which has been developed at the district since the development of the project in 2001 2 Major tenants of the International Financial Services District include Morgan Stanley JPMorgan Chase and Barclays 3 Contents 1 History 2 Definition 3 Economic Impact 4 Buildings amp Notable Residents 4 1 Buildings Under Construction 5 Transport 5 1 Railway 5 2 Subway Rail 5 3 Road 5 4 Pedestrian 6 References 7 External linksHistory EditPrior to the launch of the IFSD in 2001 the long term decline of the old Port of Glasgow and its associated wharves and warehousing had resulted in a neglected infrastructure in Glasgow s city centre area fronting the River Clyde otherwise known as the Broomielaw The result was a small number of isolated modern offices standing adjacent to derelict land and vacant dilapidated buildings loosely connected to Glasgow s traditional core business district centred on Blythswood Square at the western end of the city centre citation needed Planning led by Scottish Enterprise and Glasgow City Council aimed to create a new dynamic focus for the area s regeneration through the establishment of the IFSD This was an important development of Glasgow s financial services sector which with 28 000 employees was recognised as vital to the city s economic fortunes In order to develop a fully serviced financial services district and exploit its long term potential significant investment was required to create the right environment citation needed Definition EditNo official boundary of the IFSD exists notionally the term refers to the approximately 1 square kilometre area of the city centre bounded by the M8 motorway to the west the River Clyde the south Hope Street to the east and Sauchiehall Street to the north taking in most of Blythswood Hill the south eastern fringe of Anderston and part of Charing Cross This has given rise to the area s nicknames in the popular press the Square Kilometre in reference to the square mile of the City of London and more the popular and widely used Wall Street On Clyde citation needed Economic Impact EditA constant stream of new buildings has appeared in the IFSD since 2001 with more in the pipeline The Aurora building in the IFSD for example citation needed Buildings amp Notable Residents Edit Offices of Morgan Stanley at the corner of Douglas Street part of the IFSDSite Tenant s 14 18 Cadogan Street Direct Line Group200 Broomielaw Vacant6 Atlantic Quay Credit Suisse Direct LineAurora Building Barclays BNP ParibasAlhambra House JPMorgan ChaseCentenary House NFU Mutual122 Waterloo Street Morgan Stanley45 Waterloo Street JPMorgan ChaseCornerstone SWIPEquinox esureOne Waterloo Street SSE3 Atlantic Quay Scottish Courts and Tribunals Service1 Atlantic Quay Department for Work amp PensionsSentinel Building AonSixty7 unoccupied The Cuprum complex completed in 2007 is typical of the new office developments in the IFSDBuildings Under Construction Edit Name Area Completion Date StatusClydesdale Bank Headquarters 313 116 sq ft 2020 Under ConstructionBarclays Glasgow Campus 470 000 sq ft 2020 Under ConstructionAtlantic Square HMRC 300 000 sq ft 2020 Under ConstructionThe Grid 277 500 sq ft 2021 Under ConstructionTransport EditRailway Edit The IFSD is connected by five railway stations with routes that reach regionally and nationally Anderston station Charing Cross station Glasgow Central station Glasgow Queen Street station Exhibition Centre stationSubway Rail Edit The IFSD is connected with two Glasgow Subway stations The Glasgow Subway the world s third oldest underground metro railway in the world The two stations that cover the IFSD are Buchanan Street Subway St Enoch SubwayRoad Edit The IFSD has links to the nearby M8 Motorway which runs through Central Glasgow The motorway connects the city with Edinburgh Livingston Glasgow Airport Paisley Erskine Bridge and Greenock Pedestrian Edit The Tradeston Bridge completed in 2009 allows access by foot or bicycle over the Clyde between the IFSD and the Tradeston district a feature which was previously lacking from the area requiring pedestrians to make an 800 metres 875 yd detour via the George V Bridge to reach the same point References EditGlasgow IFSD 2010 Glasgow International Financial Services District Leaflet Glasgow IFSD 2010 Glasgow International Financial Service District Website Available from https archive today 20130505014554 http www ifsdglasgow co uk Completed Property aspx Business Relocation Facts about Glasgow s Financial District IFSD Business Relocation Facts about Glasgow s Financial District IFSD Business Relocation Facts about Glasgow s Financial District IFSD External links EditCompleted Buildings in Glasgow Retrieved from https en wikipedia org w index php title International Financial Services District amp oldid 1160726792, wikipedia, wiki, book, books, library,
