Redevco has acquired a development site at 11 Minerva Way in Glasgow from CBRE on behalf of one of its investor clients.
The 3.24-acre site has planning consent for around 200 homes, it also has a 45,871 sq ft property with a ground and mezzanine floor let to Nuffield Health as a fitness centre. The deal was closed at an undisclosed price.
11 Minerva Way is located in the Finneston area of Glasgow, about a mile from the central business district and the University of Glasgow campus. The site has good accessibility by car and public transport.
Tom Hoye, transaction director at Redevco, said: “The redevelopment potential of 11 Minerva Way in Glasgow, perfectly fits our mission to help cities become more sustainable and liveable. In due course, we are looking forward to transforming this site into a vibrant residential community and helping contribute towards reducing the housing shortage.”
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