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Stewart expanding into west

Edinburgh developer makes first move into Glasgow

Baxter's PlaceThe developer behind a number of restoration projects in Edinburgh, including Baxter’s Place (pictured), has acquired a block of former city council buildings in central Glasgow.

Chris Stewart Group has paid £5.1m for the buildings off George Square, which will be redeveloped to include serviced apartments, retail units and student flats.

The new development is intended to create a new nightlife destination around a new pedestrian lane through the buildings.

Publicity-shy Mr Stewart is steadily gaining a reputation for sensitive redevelopments. His company was behind the £45 million restoration of Advocate’s Close off the Royal Mile which includes serviced apartments, the Devil’s Advocate bar and the 208-bed MotelOne at the foot of the steps.
The scheme picked up an International Property Award (IPA) for creating the world’s best commercial development.

Chris Stewart Group is now restoring derelict Georgian buildings at Baxter’s Place, close to the Playhouse Theatre, which will become serviced apartments under the Marriott Courtyard brand.

The hotel fits with the city’s ambitions to deliver 4,000 new hotel beds over the next few years.

The three Georgian townhouses include one which was home to Robert Stevenson, the Scottish lighthouse engineer and grandfather to Robert Louis Stevenson who wrote Kidnapped and Treasure Island.

Chris Stewart is also behind the redevelopment of the former Royal Bank of Scotland headquarters in St Andrew Square which was previously owned by the Lithuanian former Hearts FC owner Vladimir Romanov.

 

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