Glasgow has a wide range of major development and investment opportunities which include:
Buchanan Wharf – a new city centre quarter
Drum Property Group is progressing development of its prime city centre site located on the banks of the River Clyde.
In 2018, Barclays agreed to purchase land from Drum in 2018 to create a new state-of-the-art headquarters at the heart of Buchanan Wharf. The new space will create space for around 2,500 additional jobs making the bank one of Glasgow’s biggest commercial employers.
In January 2019, Drum agreed a deal with Legal & General to forward fund the delivery of 324 Build to Rent (BTR) apartments at Buchanan Wharf.
When complete the site will provide more than 1 million sq ft (92,903 sq m) of prime Grade A office space, residential accommodation and a mix of local amenities and landscaped public spaces.
There are a range of investment opportunities available including site and infrastructure, 500,000 sq ft (46,451 sq m) for pre-let office development and ancillary uses.
Custom House Quay
Custom House Quay represents the last major waterfront development opportunity within the ownership of Glasgow City Council. The Council views re-development of the site as an opportunity to create a new quarter of the city – a vibrant waterfront destination where high quality development and public space complement the historic riverside setting to create a world-class environment in which to live, work and play.
The Council has committed significant capital investment with funds earmarked for delivery of engineering works to create development platforms and a re-design of the local road network.
This major regeneration project offers significant investment opportunities across a range of sectors – residential, hotel and leisure and commercial. Glasgow City Council is seeking a joint venture developer partner that shares its vision for this historic site and is open to discussion with interested parties, subject to public procurement regulations.
Glasgow City Innovation District
Glasgow City Innovation District (GCID) is Scotland’s first Innovation District, located in the heart of Glasgow, adjacent to the campus of the University of Strathclyde, a leading international technological university.
GCID is already a UK-wide innovation “hotspot” with four UK industry-innovation Catapults and three Scottish Innovation Centres, as well as the Weir Group’s Advanced Research Centre and the HQ for the only Fraunhofer Institute in the UK.
Since 2011, GCID partners have invested more than £100 million (€117 million) in new innovation assets, including University of Strathclyde’s pioneering Technology & Innovation Centre (TIC) and neighbouring inovo building and Glasgow City Council’s Tontine Building, a thriving business accelerator.
Investment opportunities include:
- TIC Zone Phase II – 322,917 ft² (30,000 m²) of mixed research, co-working and innovation company space on 2 sites. Development value £150m (€175m).
- TIC East – 0.37 ha site (10,000 m²) of research and innovation company space – site owned by Scottish Enterprise.
- TIC West – 0.4 ha site (20,000 m²) of innovation space – site owned by Scottish Enterprise.
University of Glasgow – major mixed use development
Following the acquisition of the adjoining 14 acre (0.056 square kilometres) former Western Infirmary hospital site, the University is expanding and transforming its campus as part of a £1 billion development plan into a globally recognised iconic place of learning and research, enhancing their position as a world-class leading institution.
In addition to over 883,000 sq ft (82,000 sq m) of academic space, the Masterplan provides over 572,000 sq ft (53,100 sq m) of commercial and amenity uses. This exciting commercial development will comprise a true mixed use prospect from hotel to residential, retail and leisure.
|Download the Glasgow Investment Guide for more information on current development opportunities. (PDF 2MB)|