MIPIM UK 2015: Glasgow city’s property arm has launched a new development opportunity – the A-listed Strathclyde House, close to West Regent Street.
Planners have identified the property, which is 87,000 sq ft on a site of nearly 100,000 sq ft, as suitable for residential, but say other appropriate uses include hotel or office space.
Head of property Andrew Brooks says the city is undersupplied with office space and expects the market’s competitive rents to increase.
Glasgow’s inward investment team is at MIPIM UK to attract some of the £3.3bn of private money the city needs to complete all of its City Deal projects. The city and surrounding local authority are already putting up £1.13bn and inward investment manager Anne Murray pointed out that Glasgow is the only city in Scotland to have a City Deal. “Glasgow is a good value for money city with a huge labour pool and a 2m population catchment and we are a good city to work with,” she said.
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