Ernst & Young Invests for the Future with New Office Move

Glasgow, 16 June 2010: Global professional services firm Ernst & Young will be moving to a state of the art office development –G1 – in Glasgow

Ernst & Young has signed a 15 year lease for over 20,000 sq ft of office space in HF Development’s (HFD) flagship development in George Square. The firm will move in May next year.

Underlining its continued investment in the Scottish market place, Ernst & Young hopes its relocation from its current premises on 50 George Square will provide a powerful springboard for future growth.

Commenting, Hywel Ball, Ernst & Young’s managing partner in Scotland said: “Scotland is critical to the firm’s growth plans in the UK and our investment in new office premises in Glasgow sends out a strong message about our ambitions and commitment to the marketplace.”

Douglas Nisbet, Ernst & Young’s senior partner in Glasgow added: “The G1 building will provide a prestigious location, at the heart of Glasgow’s business community, from which to serve our clients; whilst the open plan office space and Victorian architecture will provide an inspiring and enjoyable setting for our people to work in.”

Stephen Lewis, HFD’s Development Director, commented “We are delighted to welcome Ernst & Young to G1 – it is a testament to the quality of the development that it has attracted the highest calibre of occupier.”

Ernst & Young were represented by Cushman & Wakefield. HF Developments were represented by David Smith of Lambert Smith Hampton.

ENDS

For further information, please contact:

Rosanna Lander, Ernst & Young media relations on – 020 7951 6430 / 07952 351 018

Alison Bunch, HF Developments -  01698 503600 or abunch@hfdevelopments.co.uk

Notes to Editors:
1.        G1 Glasgow is a £70m re-development, involving the demolition of all but the external, Grade A listed walls, with a new building constructed behind the façade.
2.        The new building incorporates basement car parking along with a further four storey glass roof extension.
3.        The building currently has 40, 526 sq ft of office accommodation remaining, across the 2nd, 3rd, 4th and 9th floors.
4.        G1 has set the benchmark for quality office accommodation in Glasgow.
5.        More information on G1 Glasgow can be found on the website: www.g1glasgow.com.

About Ernst & Young:
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.