Built-to-Rent developer PLATFORM_ has submitted detailed plans for a 500-flat PRS scheme on Glasgow’s waterfront.
Pending consent, which is expected at the end of the year, PLATFORM_ hopes to start construction of the flats at Central Quay by the second quarter of 2019, with a scheduled completion date of summer 2021.
Initial planning in principle was granted for the seven-acre Central Quay site at the beginning of 2018, following a masterplan formulated by Harbert Management Corporation and XLB Property, together with Keppie and LDA Design. The project forms part of the wider Clydeside Central Quay masterplan, which also includes 300,000 sq ft of offices and a 150-bedroom hotel.
Development director Matt Willcock said: “Glasgow is thriving, and our new development aims to provide accommodation which meets the demands of its growing, highly skilled and modern workforce. Build-to-rent is a rapidly growing concept around the UK and we are 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.”
PLATFORM_ has already built and is operating a number of similar build-to-rent projects across the UK, including schemes in Bedford, Bracknell, Crawley, Exeter, and Stevenage and is targeting the creation of 5,000 units within the next five years. It has a pipeline of 1,000 units in various stages of planning.
To send feedback, e-mail samantha.mcclary@egi.co.uk or tweet @samanthamcclary or @estatesgazette
