The 350,000 sq ft mixed-use development at Glasgow Harbour forms the next phase of the regeneration of the Clyde waterfront.
Work is expected to start on the site next year.
Developer Peel Lifestyle Outlets’ gained planning permission in principal back in 2008 to rejuvenate the wider 74-acre site, which is located within the Clyde Waterfront Regeneration Programme.
Jason Pullen, Peel Lifestyle Outlets’ Managing Director, said: “Shopping has evolved to become a major leisure activity.
“We are creating the next generation of outlet destination by delivering a balanced combination of exciting leisure and entertainment with a strong retail offering.”
The first phase of the Glasgow Harbour masterplan was completed by Peel Group in 2008 and involved the construction of 1,100 apartments on the site of the former Meadowside Granary, which was demolished in 2002.
The Glasgow Harbour Masterplan involves a substantial investment in infrastructure, the creation of hundreds of waterfront homes, retail and leisure opportunities, as well as a commercial district.