Build-to-rent tower advance reaches Glasgow

Aaron Morby 3 weeks 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

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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