Green light for £200m proposal to revitalise historical site in central Glasgow
The plans will see a derelict site in the historic heart of Glasgow transformed in to a new residential neighbourhood of over 700 homes.
Glasgow City Council has approved plans which will enable the investment partnership to invest £200m to build 727 new build-to-rent homes on a 7.5-acre site behind High Street rail station. The scheme will feature a new public square, 99 student studios and approximately 3,365 sq m of space for retail, leisure, food and drink and commercial business.
Glasgow-based architects Stallan-Brand, who worked on major development projects in the city including the 2014 Commonwealth Games Athletes’ Village and Tron Theatre, brought their experience to the plans with the vision of creating inspiring and sustainable public areas throughout the neighbourhood.
This new district for Glasgow will be operated and managed by Get Living, the large-scale residential investor.
Build-to-rent homes are designed specifically for renting and are professionally managed. The sector can help alleviate housing shortages in city centres, with properties typically brought to the market and occupied more quickly than for-sale developments.
Rick de Blaby, executive chairman, Get Living said: “We welcome the decision by Glasgow City Council to grant consent for our neighbourhood and believe it will bring much needed, in-demand, high-quality homes for rent to the heart of the city.
“With a wealth of commercial developments in the city centre and on the waterfront of the river Clyde, it is an exciting time for Glasgow and it is fantastic to be able to say we are now a part of its ongoing revitalisation. We have listened carefully to the views of local businesses and the people of Glasgow in forming these ambitious plans. Now, as long-term investors, we will build on those relationships even further in the years to come and look to become part of Glasgow’s Civic Family, delivering a new area of the City’s fabric with important historical significance.”
Stuart Patrick, chief executive, Glasgow Chamber of Commerce said: “This development will completely overhaul a key area of Glasgow, located right on the cusp of the city centre in an ideal location. It is an impressive and extensive scheme in both its scale and ambition, creating hundreds of high-quality homes alongside competitively located commercial space.
“Securing planning permission is an important milestone and we’re looking forward to watching the progress of Glasgow’s newest neighbourhood.”
Published: 10 December 2018