January 19 2010

Newby Management has reaffirmed their commitment to Glasgow’s Custom House Quay development by establishing a new consortium with Moorfield Real Estate.  This follows the bankruptcy of their previous partner, Australian tycoon Rodney Price. 

Lending credence to Newby’s ambitions comes news that Hilton Hotels believe the site “has potential” although the hotels group have not at this stage confirmed involvement.

In addition Spanish banking giant Santander has confirmed to Glasgow City Council that they remain “keen” to provide funding for the development.

The consortium plans a similar scheme to RMJM’s original masterplan but with 3DReid updating the designs.

Custom House Quay would be built in phases with three and five hotels, providing 255 and 201 rooms respectively, alongside 59 serviced apartments comprising a first phase. This would focus upon a 25 storey tower which would house a top floor spa and restaurant.

It is hoped this can be completed around the middle of 2013 to pick up on Commonwealth Games trade. 

Post your comments

Your name (required)
Your email (not displayed)
Comments (required)
	All comments are pre-moderated and must obey our house rules.