Priority Development Sites
Glasgow has a number of priority development sites that offer investment opportunities. These include:
University of Glasgow Masterplan
Following the acquisition of the adjoining 14 acre former Western Infirmary hospital site, the University will expand and transform its campus as part of a £1bn development plan into a globally recognised iconic place of learning and research enhancing their position as a world leading institution. The Masterplan provides over 53,100 square metres of commercial and amenity uses. This exciting commercial development will comprise a true mixed use prospect from hotel to residential, retail and leisure.
Queen Elizabeth University Hospital (QEUH)
This is the largest single NHS hospital building project in Scotland’s history. The QEUH is transforming the way we deliver healthcare nationally. Rising above the landscape of South Glasgow, the £1bn super hospital opened in 2015 and provides maternity, child and adult services on a single site to 2.3 million people (41% of Scotland’s population), and is the largest acute care facility and teaching hospital in Western Europe.
The QEUH, as the largest critical care complex in Europe, is home to:
- The Stratified Medicine Scotland Innovation Centre developing precision medicine;
- New Imaging Centre of Excellence (ICE) which houses one of the first 7 Tesla MRI Scanners in the UK;
- World-leading clinical academic expertise in stroke, cardiovascular disease and brain imaging; and
- A future home to a sector-specific business park.
Situated on the banks of both the River Clyde and the River Kelvin, Glasgow has a unique waterfront location only a short distance from the city centre. A 52 hectare (130 acre) integrated development with an investment value of over £1.2bn, Glasgow Harbour is one of the largest waterfront regeneration projects within the UK, and will be a major contributor to the growth of Scotland’s economy. Phases 1 and 2 are complete and comprise riverside flatted accommodation with 1150 flats completed. £50 million has been invested in public realm and infrastructure including a pedestrian bridge directly linking the site to Partick Transport Hub.
A wide range of commercial, office and residential, leisure development and occupational opportunities exist.
Scottish Events Campus (SEC)
Home to the SEC Centre and The SSE Hydro, the Scottish Events Campus attracts over 2 million visitors per year. The SSE Hydro is ranked first in the global Billboard Chart Top 10 Venues Index ahead of the Hallenstadion in Zurich, the Mercedes-Benz Arena in Berlin and the Brisbane Entertainment Centre as well as 3rd in Pollstar’s Top 100 global arenas list ahead of Madison Square Garden in New York and the Ziggo Dome in Amsterdam – reinforcing its reputation as one of the top arenas in the world today.
International Financial Services District (IFSD)
Glasgow’s International Financial Services District (IFSD) is a joint public/private sector project specifically designed to offer ideal circumstances for attracting inward and foreign investment to the booming financial services sector. Home to the biggest name in global finance, the District offers a world class business location with outstanding workspace options. Over 3 million square feet of new Grade A office space has been developed since 2001 offering cost-effective workstation costs (40% lower than London).
A Council-led master planning exercise of the Broomielaw area (home to the IFSD) is underway by award-winning architects MVRDV/Austin Smith Lord. The area which is strategically positioned between the city centre and the Scottish Events Campus has massive development potential as a highly urban, mixed use neighbourhood. This exercise will be completed in Spring 2017.
Sighthill is the largest of 8 Transformational Regeneration Areas (TRAs) in Glasgow and one of the key infrastructure projects within Glasgow’s City Deal. The £250 million masterplan for the area includes: 141 units of social rented housing (now complete), approximately 650 new homes for sale and alternate tenures, 500 student accommodation places, a new campus school, commercial and community facilities, a new pedestrian bridge linking the area to the city centre, a new road bridge linking the area to the north and west of the city and a revitalised Sighthill Park.
The major regeneration project offers significant investment opportunities across a range of sectors: residential, student accommodation, commercial and community facilities. Glasgow City Council is seeking development partners and is open to discussion with interested parties, subject to public procurement regulations.
Glasgow Canal Regeneration
An ambitious plan has been drawn up for the regeneration of the section of the canal which runs between Port Dundas and Firhill. The plan aims to create an inner city village along the banks of the canal. It will see a linear park created along the canal corridor and will make cycling and pedestrian access better. New homes will be built along the banks of the canal and integrated with local green spaces.
The development of the 100 Acre Hill former distillery site is key to the regeneration of the north canal area as it will hugely improve connectivity between the city centre, Sighthill and Possilpark. The site is seen as a key regeneration priority, and has a potential capacity for up to 500 homes and 6,000 square metres of commercial space.
The regeneration of the area around Port Dundas has created a new ‘cultural hub’, through the provision of collaborative workspaces, such as the Whisky Bond along with create and event space at the Glue Factory. It is also home to the headquarters for the National Theatre of Scotland.
Located to the southern edge of Glasgow’s Merchant City, this site offers exciting investment opportunities including residential and student accommodation, hotel and retail/leisure. A new pedestrian square will be created at the heart of the development.
The spot is on the convergence of several vibrant areas, including the University of Strathclyde’s campus, the Merchant City, Collegelands and the Central Business District. TIC/inovo is at the heart of an emerging global R&D hub bringing business and academia together to collaborate and innovate in a number of growth technologies. This impressive location already includes the UK HQ for the prestigious Fraunhofer Gesellschaft and the UK ‘Catapult’ Offshore Renewable Energy Innovation centre along with a strong company base. Capacity for additional buildings on site (approximately 18,600 square metres) and detailed design for inovo2 is underway.
One of Scotland’s largest regeneration projects located close to the University of Strathclyde and Glasgow’s renowned Merchant City. Phase 1 of the development is now fully operational with 8,175 square metres of office space, 1,170 multi-storey car park and 588 bed student residency. Phase 2 commenced with the construction of a second new build student accommodation block (257 studio beds). The development has concluded a pre-let to Moxy Hotel for a 180 bedroom hotel with a ground floor restaurant (subject to planning). Collegelands offers further significant investment opportunities including office space, student village and residential.
Just 5 minutes by train to the east of the centre of Glasgow, the Clyde Gateway area has benefited from £1.5bn of award-winning business space now completed and 2,000 new homes now occupied. The area’s accessibility by both road and rail is already proving a major draw to investors and residents with 3 railway stations and 3 junctions of newly extended M74 as well as the new Clyde Gateway access road serving the area.
Clyde Gateway and their development partner, Highbridge Properties launched what will be a new satellite business district for Glasgow and one of the UK’s largest office parks, at the former Shawfield development in Clyde Gateway in October 2016. The development, branded Magenta at Clyde Gateway, will comprise 1.2 million square feet of office space set on 27 acres next to the River Clyde and M74 motorway network and just 10 minutes form Glasgow’s city centre. It is estimated that the development will bring at least 12,000 new jobs to the area. Clyde Gateway has invested £20 million in public realm and infrastructure works to the site to ensure its development-ready.
Magenta is available immediately for businesses wishing to take advantage of massive occupational cost savings in a first class location.