Commercial Property News

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Monday, October 22, 2023

AS Group purchase site near Glasgow airport

Glasgow-based AS Group has purchased 50 acres of land on a key site near Glasgow airport, west of the St James Interchange off the M8 at Paisley, for a mixed use development.

Paul Kelly of AS Group comments: "The St James Interchange site in Paisley has been earmarked by the council for mixed use and we are delighted that our housing company, A S Homes Ltd, will carry out the initial development of 100 new homes and that the leisure element of the scheme will be developed by our subsidiary leisure arm, 'Pro-Soccer' for 5 a-side football."

Property advisers DTZ and James Barr are retained by AS Group to develop the remainder of the land at St James Interchange for commercial/industrial use.

"There has already been several interests expressed in various parts of the site, from business and commercial to leisure and residential, and the acquisition by the AS Group will, in my view, enable many of these interests to be realised," said DTZ's industrial and logistics team director, Peter Bacchus.

AS Homes are currently building apartments in Paisley town centre at Met:zo in Rowan Street and have further residential developments in the pipeline for Renfrew, Glasgow and Dumbarton.