Regeneration of waterfront
Build-to-rent plan meets demand for city centre homes
Central Quay: easing rented property shortage
Detailed plans for a 500-apartment development in Glasgow will help meet demand for rented property in the city centre.
The £90 million project at Central Quay on the Broomielaw in Glasgow, will also fill a long-standing gap site on the north bank of the Clyde and help towards regenerating the waterfront.
It is being led by developer and property manager Platform and since initial planning was approved in principal it has evolved to include a 20-storey tower.
Platform has worked with Harbert Management Corporation, XLB Property, the architecture practice Keppie and LDA Design. Construction is scheduled to begin in the second quarter next year, with completion in summer 2021.
The development forms part of a wider masterplan at the Clydeside Central Quay area, which also includes 300,000 sq ft of office space and a 150 room hotel.
The apartments will provide include a co-working space, a shared residents’ lounge, onsite-concierge, roof terraces, fully kitted-out gym and games room.
The company has built and operates a number similar build-to-rent projects in a number of UK locations including Bedford, Bracknell, Crawley, Exeter, and Stevenage. The company has committed to creating 5,000 units within the next five years.
Matt Willcock, development director, said: “Build-to-rent is a rapidly growing concept around the UK and we’re proud to offer one of the first developments in Scotland.
“It’s a form of accommodation we expect to continue to see across the UK, and one which will play a significant role in helping Glasgow attract and retain talent to support its major economies.”
“The site will help further regenerate the Finnieston and Clydeside areas.”
Richard MacDonald Director at Keppie Design said: “The Platform Central Quay design has evolved to include an iconic feature tower which will greatly enhance the Clyde Waterfront and Glasgow’s skyline.
“We look forward to being able to play a role in sustaining Glasgow’s image as a destination city for living and working and being able to further contribute to Glasgow’s Clydeside regeneration drive.”