Plans have been put forward for a £75 million Glasgow office development scheme at a former BHS building.

Property development firm Formal Investments is planning the project that will see the development of 240,000 sq ft of office and retail space at the site on the corner of Sauchiehall Street and Bath Street.

Sauchiehall Street has historically been one of the prime shopping destinations in Glasgow and will now enjoy significant visual improvements thanks to a new look for the former BHS site, with an exposed structure.

Nicholas King, Director at Formal Investments, commented: “This proposal shows a really exciting vision for an important site in Glasgow city centre and will provide the highest quality environments for retailers and businesses large and small.”

Earlier in the month, Formal Investments outlined plans to create more than 80,000 sq ft of prime offices in Cheltenham as the new headquarters for a major international business.

Honeybourne Place has been pre-let to the global company and, subject to the plans receiving permission; construction could begin in 2017 with the occupier moving to Cheltenham in 2019.

The former plans for Honeybourne Place, at Jessop Avenue, have been revised in this new application because the occupier wants more office space than originally envisaged.

Thanks to the removal of other elements such as residential units, the desired office space has been boosted by over 20%.

This week, a detailed planning application has been made to Cheltenham Borough Council for the high quality six storey landmark building.

Formal Investments Director, Nicholas King, commented: “The striking landmark building will help deliver economic growth and bring further major inward investment in a location that has cemented itself as a key business district for Cheltenham.”

Meanwhile, Managing Director of Cheltenham Development Taskforce, Jeremy Williamson, said: “It is always pleasing to bring forward a brown field site, but even more so when it has such job creation potential and is promoted by local investors such as Formal Investments.”