Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Wednesday, February 15, 2024

£1.2bn Glasgow Harbour project unveiled

A revised masterplan for Glasgow's riverfront could create 10,000 jobs and a tourist destination rivalling Sydney, developers have claimed. The new 1.2bn Glasgow Harbour project aims to create a city district on the north bank of the River Clyde.

The regeneration project includes a casino, shopping centre, 30-storey block of flats and 10-screen cinema. Developers Peel Holdings said the development will create a "vibrant new quarter for the people of Glasgow".

Lindsey Ashworth, development director of Peel Holdings and director of Clydeport, promised "many new jobs, homes, business opportunities and leisure facilities in a spectacular waterfront setting."

The Glasgow Harbour masterplan includes -

A Casino operated by MGM Mirage
A 200-bed five star hotel
27,400 sq m of retail space
A 30-storey tower block
A riverside museum
A family leisure area

More than 30 hectares of the original 52 hectare plan have been redesigned. The new scheme to transform derelict land on the banks of the River Clyde has outline planning permission from Glasgow City Council. The revised masterplan will, say developers, attract more than two million extra visitors per year to Glasgow.