Drum Property Group purchase Glasgow’s Candleriggs Quarter
March 15 2019
Drum Property Group has formed a joint venture with Stamford Property Investments to take forward a mixed-use development at Glasgow’s Candleriggs Quarter.
The stalled city centre site is bounded by Hutcheson Street, Trongate, Candleriggs and Wilson Street and carries consent for 850,000sq/ft of residential, student, hotel and commercial space.
Graeme Bone, group managing director of Drum Property Group said: “We are pleased to be working in partnership with Stamford to acquire such an exciting and significant site.
“Securing Candleriggs Quarter provides an exciting opportunity to transform this neglected part of the city centre and complete the regeneration of Merchant City.
“We are looking forward to preparing proposals for a sensitive mixed-use development that will have a variety of high-quality residential accommodation and amenities at its heart.”
Drum are already in process of delivering a significant mixed-use scheme at Buchanan Wharf.
15 Comments
Glasgow have been recently mentioned as one of the best cities to visit in the world (alongside Manchester :) Wishing Glaswegians all the best, I can only point out how the world moved on leaving UK behind - below is the example of latest greenlighten regeneration scheme In Warsaw by BIG:
https://www.youtube.com/watch?v=GsxciqJii2k
Seriuously, what is the problem with Glasgow? Weather? People? Lack of imagination? Can't really figure it out how much potential is being flushed down the drain day by day.
Glasgow will not realise its full potential until local authority boundaries are reorganised to truly reflect Glasgow's importance and size of 1.5million people, 25% of the Scottish population. The city's public transport also needs overhauling. The government seem to be more obsessed with investing heavily in our historical capital and second city, despite it being a third of the size of Glasgow. Not the best way to take forward the Scottish economy...they need to look to other similar sized European cities such as Marseille, Bilbao, Hamburg or Milan to develop the best strategy to take Glasgow forward.
Really really positive stuff happening all across Glasgow and across all the genres of offices, hotels, housing and industrial. What a difference a year makes. Onwards and upwards!
Post your comments
Back to March 2019
Like us on Facebook
Become a fan and share