24

April

BTR development to be delivered this summer

Kelvin Properties, the Glasgow private property company, has appointed Tay Letting to market the city’s first build-to-rent (BTR) housing development, a 36-unit in Merchant City to be completed this summer.

Candleriggs Court has a gross development value of circa £10 million and offers a secluded community environment with connectivity to Merchant City’s bars, restaurants and shopping. The mix of one, two, and three-bedroom apartments will come with a high-specification finish, including German-engineered kitchens from Hacker and Porcelanosa tiling in the bathrooms. The development will also benefit from bike spaces, private underground residents’ parking and a unique communal garden, offering breathing space in the heart of the city.

Tay Letting, the property investment, letting and management specialist, said the BTR scheme is part of a growing movement to repopulate the centre of Glasgow. Marc Taylor, director, Tay Letting, said: “Candleriggs Court will provide high-quality living space for a range of occupiers – from professionals to young professionals – in a prime city centre location. BTR developments will play an increasing role in solving Glasgow’s property puzzle – and our appointment to bring these 36 high-spec apartments to market is hugely exciting for Tay Letting.”

Stephen McKechnie, managing director, Kelvin Properties, adds: “Glasgow is a dynamic and thriving city that needs more residential development to help it to flourish. Kelvin Properties is excited to be delivering one of Merchant City’s first BTR development and contributing to the wider regeneration of the city core.”

Stuart Patrick, chief executive of Glasgow Chamber of Commerce said: “It’s encouraging to see a continued pipeline of investment into Glasgow’s Build to Rent property market, a significant focus for the city’s overall strategic development.”

Read the original release from CoStar News


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