18 August 2025 — Westbrooke Alternative Asset Management UK has provided a senior debt facility to support Longstock Capital’s acquisition of Atrium Court, a landmark Glasgow office building with more than a century of history.
The five-storey, 104,000-square-foot property sits in the heart of Glasgow’s city centre. Originally constructed in 1890 as a post office before being converted into office use in 1989, the building is now recognised as a listed property and forms part of the city’s architectural heritage.
Flexible Financing Package
Westbrooke confirmed that it structured a bespoke financing solution designed to give Longstock Capital flexibility for active asset management and targeted capital improvements. The investment strategy aims to enhance the building’s profile, modernise facilities, and strengthen its appeal to occupiers seeking high-quality space in a competitive regional office market.
By aligning financing terms with the building’s long-term repositioning plan, Westbrooke is enabling Longstock to pursue value-add initiatives without the rigid constraints of traditional lending structures.
Commitment to UK Regional Offices
Westbrooke has been increasingly active in the UK office market, having financed £16 million of office-sector debt in 2024 alone. The firm emphasises that regional office assets of strong quality remain attractive to investors, even as the wider market continues to adjust to structural and economic shifts.
A spokesperson from Westbrooke noted that “bespoke financing packages can unlock value where conventional lenders may be cautious,” underlining the firm’s role in bridging the gap between traditional bank lending and alternative sources of capital.
Strategic Significance of Atrium Court
Atrium Court’s location in Glasgow city centre positions it well to capture occupier demand. With companies seeking well-located, adaptable, and energy-efficient space, Longstock Capital’s planned upgrades could help the building stand out in a market where older stock often struggles to compete with new developments.
The property also benefits from Glasgow’s growing reputation as a financial and business services hub, with strong demand from firms drawn by the city’s talent pool and transport connectivity.
Long-Term Value Creation
For Longstock Capital, the acquisition is part of a strategy focused on identifying under-appreciated assets with the potential for repositioning. The combination of heritage character and central location makes Atrium Court a strong candidate for refurbishment and re-letting at improved rental levels.
Westbrooke’s debt facility is expected to support:
- Capital improvement works to enhance sustainability and occupier experience.
- Flexible leasing strategies to appeal to a broad range of tenants.
- Long-term value creation through higher occupancy and stronger yields.
Conclusion
The Atrium Court deal highlights the continued relevance of alternative finance providers in the UK regional office market. While conventional lenders remain cautious, firms like Westbrooke are enabling investors to pursue strategic acquisitions and upgrades, unlocking opportunities in buildings with strong fundamentals.
For Glasgow, the investment represents another step in the city’s office market evolution, balancing its historic architecture with the demands of modern occupiers. With the backing of flexible capital and a clear asset management vision, Atrium Court is set to play a renewed role in Glasgow’s business landscape.
