Summix Buys Central Quay Development Site

Property developer Summix Capital has acquired a prime brownfield site site in Glasgow, with ambitions to develop a mixed-use scheme on the land.

The site was acquired from XLB and includes an office building at 2 Central Quay, and a neighbouring 4.43 acre development site, immediately adjacent to the Finnieston district.

Occupying two acres, the 79,327 sq ft office building has a ground level and three upper floors. NHS Education Scotland partially occupies the building, which provides potential for other tenants to move in.

The site already carries planning permission for a mixed-use development which XLB secured in 2018. The consent includes offices, residential, hotel and associate ground floor commercial uses, alongside approval for access, parking, landscaping and other associated works.

XLB sold the southern portion of the land separately to Platform_ in 2018, which is developing a residential project.

To this end, Summix intends to deliver a scheme that includes new homes for private sale, flexible workspaces, and purpose-built student accommodation. The ground floor areas will serve as commercial spaces.

Stuart Black, development director at Summix, said: “This is a great opportunity to redevelop a prominent site at Central Quay, one of the last major pieces of brownfield land in the city. It provides us with the opportunity to progress our proposals for an exciting mixed-use development, delivering homes, employment and investment into Glasgow.  We look forward to engaging with the community on our proposals for this in due course.”

Scarlett Land and Development and DLA Piper acted for Summix on the site purchase. Avison Young and Burness Paull acted for vendor XLB.

Original article from XLB.

https://xlbproperty.com/2022/11/10/summix-buys-central-quay-site-in-glasgow/2909/