May 12, 2021

Satellite Firm Expands Glasgow Base

Spire Global, a United Kingdom company, has come into a pre-let contract to put up a nanosatellite manufacturing facility at Skypark, a Glasgow’s firm home hosting over 50 businesses and employment of over 4,000 individuals. Federated Hermes-owned Skypark has played a significant role in the past to initiate the rapid expansion of Spire Global UK’s presence at the facility in less than four years. The terms of the contract will see the company relocate from 11,200 square feet of space to a recently purpose constructed office and production plant with an estimated area coverage of 30,000 on a lease expected to last a decade.

Spire Global deals with the monitoring of aviation, maritime, and weather arrays across the globe by collecting data from space. The new space is expected to host offices and an enlarged facility for the production of nanosatellites and to test them. The company will exploit the extra space to boost the growth of its workforce and the creation of high-value work opportunities in the region in the coming years.

According to the head of global communication for Spire, James Pearson, Scotland is one of the main areas in the company’s feat to expand its European operations. This is because Glasgow has been behind the production of the highest number of satellites compared to any other city in Europe, with Spire having seen the launching of over 100 of them. He further stated that Spire’s foothold would be stronger in the UK with the new funding and allow for designing, building, testing, and integrating satellites from one facility in Skypark. Pearson stated that the objective of the company was to be able to offer universal weather forecasting, which is useful, and to transform Scotland into the leader region in European Space Sector.

Stephen Ellis, a senior investment manager at the international business of Federated Hermes, stated that Skypark continuously draws high quality and diverse firms that are in the quest to expand, and this will assist in the development of the region. With the current upgrading works, which include the latest Platinum Certification by Cycling Score at its cycling facility, the facility comprises unique offing that will continuously fulfill the needs of its tenants in the future.

According to Skypark’s Angela Higgins, the decision to develop a multi-functioning property in the country in less than four years is an indicator of great success for Scotland and the UK, especially in the commendation in their accessible location. Spire Global made the decision to join Skypark after advice from SL Property, while Ryden represented Skypark in the deal.