Their joint venture is about to seek planning permission for its 300,000 sq ft Atlantic Square project, which is expected to have a development value of more than £100m.

The proposed development on a key site in the middle of Glasgow’s International Financial Services District, will comprise two commercial buildings of 10 storeys and six storeys.

A third building will provide retail and residential accommodation.

Michael Smart, Development Director, BAM Properties, said: “This is a strategic alliance between Taylor Clark which owns the site and BAM as a developer and contractor.

“This project builds on our positive experience at our CONNECT110NS development in Queen Street.  We have carefully researched the supply pipeline and have identified a strong undercurrent of demand from top grade companies and organisations.”

The design of the new development was undertaken by architects Cooper Cromar and will include the retained façade of the listed warehouse buildings on the site that were built in the early twentieth century.

Once planning consents have been secured work will start immediately.