Sepa is taking an entire block at Maxim on a 20-year lease The struggling Maxim office park in Lanarkshire has been given a major boost with the announcement it is to let an entire block to the Scottish Environment Protection Agency (Sepa). The agency is taking the 60,000 sq ft 'Maxim 6' building on a 20-year lease.
The move will allow Sepa to run several of its operations under one roof.
Maxim park was saved from financial collapse only a few months ago by the sale of Lloyds Banking Group debt to an American private equity investor.
The debt restructuring involved Cerberus Capital Management, a New York-based investment house.
The park, which offers 750,000 sq ft of office and retail space across 10 buildings on a prominent site by the M8 motorway, opened in 2007 but has secured few tenants until now.
David Gebbie, from commercial property asset managers Arisaig Property Partners, said the recent financial restructuring of Maxim had allowed Sepa and Maxim to achieve a leasing deal that previously could not have been achieved.
He added: "Both Maxim and Sepa have economically benefited from a review of the original terms without impacting the actual net present value of the lease.
"The news is a great boost for Maxim and the Lanarkshire area."
Sepa will relocate 350 staff to the office, including 200 from East Kilbride - where they are closing down two neighbouring offices - and others from Stirling and Perth as well as scientific staff from Edinburgh.
Sepa's headquarters will remain in Stirling.
Sepa chief executive Campbell Gemmell commented: "I am extremely pleased to be able to announce that Sepa has secured an excellent new facility, which will not only mean more efficient and effective environmental protection for Scotland, but which also provides better value for money for the taxpayer.
"It will provide the operational base for our regulatory teams for west central Scotland, an excellent working environment for several related national functions and a brand new, first class laboratory facility."
The rail regulator said high risk crossings should be fitted with barriers or closed The railway regulator has called for barriers to be fitted to more than half of Scotland's open level crossings.
Lorne Brown will be 80 three days before the climbs begin A man from Cumbernauld is to attempt eight climbs in eight days in the Italian Dolomites, just three days after his 80th birthday.
At the High Court in Edinburgh, Lord Tyre said Kenneth Tait was 'cold' and 'callous' A conman who preyed on vulnerable women for cash has been jailed for six years and four months after a judge condemned his "cold, calculated callousness".
Books are still stacked in the shelf on the wall of the destroyed flat A town centre building left gutted by a fire has become an unlikely draw for photographers.
The debris from the demolition is expected to be cleared soon