Build-to-rent tower advance reaches Glasgow

Aaron Morby 4 years ago
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Detailed plans have been submitted for one of Scotland’s first major build-to-rent developments on the banks of the Clyde.

Central Quay private rental tower plan was drawn up by Keppie Design
Central Quay private rental tower plan was drawn up by Keppie Design

The high rise 500-flat Glasgow Waterfront project at Central Quay is being led by property manager PLATFORM_ and XLB Properties.

If consent is granted the firm hopes to start construction of the £90m apartments by the second quarter of 2019, with a scheduled completion date of summer 2021.

The project arm of London-based XLB Properties will lead construction.

Designed by architect Keppie, 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 developer has already built and operates several similar build-to-rent projects across the UK including schemes in Bedford, Bracknell, Crawley, Exeter, and Stevenage.

PLATFORM_ is targeting the creation of 5,000 units within the next five years, including Glasgow and a similar development in Sheffield, and has a pipeline of 1,000 units currently in the planning stages.

Matt Willcock, Development Director at PLATFORM_, 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, providing award-winning building design and living space in the heart of a popular, well-connected part of the city.”

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