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Wednesday, June 14, 2023

Ryden to study Hamilton town centre

Ryden has just been awarded a contract by South Lanarkshire Council to undertake a study of Quarry Street in Hamilton town centre, aimed at making recommendations to safeguard its future.

Quarry Street lies at the heart of Hamilton's traditional core retailing area but has recently come under pressure from modern retail park developments on the edge of the town centre resulting in an increasing number of vacant retail units. However, the town's historic built environment, its Conservation Area status and good bus, train and motorway connections suggest that opportunities exist to diversify and improve the current property market.

The three-month study is considering a broad spectrum of property options including new residential, business space, evening economy and enhancing the existing retail offer. The study will benefit from input from the Lanarkshire Chamber of Commerce and the Hamilton Town Group.

South Lanarkshire Councillor Chris Thompson, Chair of Enterprise Resources Committee commented: "It is an exciting time for Hamilton Town Centre with continuing investment from both the public and private sectors helping drive forward regeneration and development including the recently announced extension to the neighbouring Regent Way Shopping Centre. South Lanarkshire Council has made a long term commitment to ensuring the future of traditional town centres and this study is an important piece of the jigsaw, providing vital information that will help ensure there continues to be a thriving, mixed economy in the centre of Hamilton."

Iain Wardrop, Associate in Ryden's Consulting group said: "We are pleased to have won this challenging instruction and have already begun to investigate existing property uses in the Quarry Street area of the town centre. Our research involves applying our property market research, economic development and planning skills to identify uses which are both commercially viable and acceptable in planning terms".