45 Waterloo Street – Reuse in Action in Glasgow’s Financial Services District

Simon Guy • 13 November 2025

45 Waterloo Street is a 95,500 sq ft office building acquired by RoundShield and CEG Group earlier this year which is currently undergoing refurbishment by the new owners. This includes a full internal refurbishment, refreshed external elevations, a new external roof terrace and removal of the large, glazed atrium to the rear of the building. The building is situated in Glasgow’s busy financial services district. 

Innes Building Consultancy engaged Reusefully to carry out a pre-refurbishment audit  to maximise the circularity and reuse opportunities in the redevelopment. This was especially important for BREEAM purposes and to help achieve the project’s strong sustainability and circularity aspirations. 

Reusefully undertook the initial pre-refurbishment audit in August 2025, accompanied by the project team of Innes Building Consultancy, DSSR Consulting Engineers and GM projects.  


This early collaboration and engagement laid the groundwork for an active programme of reuse. A high reuse target was set due to the potential identified for many items throughout the building which included raised access floor panels, metal ceiling tiles, carpet tiles, glass office partitions, kitchen units and more.  


The project team reviewed the audit in an interactive workshop with Reusefully – a Resource Tracker to help facilitate successful reuse.  


The workshop was extremely useful, highlighting options for each item, and the tracker served as a place for all of this information to be compiled and shared. 

The audit and workshop facilitated discussions that meant that a number of opportunities were quickly identified. Items including raised access flooring, emergency exit lights, switch gear equipment, decorative pebbles and timber skirting board, were assessed and deemed suitable for onsite reuse. 


Innes Building Consultancy highlighted items such as glass partitions, glass doors, and feature lighting, that can be designed into other projects that they are working on, providing a great example of how buildings can be used as material banks. 



GM Projects plan to reuse multiple items within their site set up which they take with them, store, and reuse at the end of each project they do. These include some glass office partitions, glass doors, kitchen units, ceramic basins, hand dryers, and a security turnstile. This discussion was vital in ensuring that everyone was on the same page and allowed Reusefully to focus on finding opportunities for the remaining items. These opportunities include local charities and organisations, and companies such as Urban Miners who are hoping to collect a number of hand dryers as well as the UPS systems from the site.  

The strip out commenced at the start of November, and the team is intending to track the project’s progress, actual reuse, and the embodied carbon avoided through reuse. Once the project is complete, we will be able to produce comparison data from estimated to actual reuse, and share our successes, so stay tuned! 

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