HOT on the heels of the widespread interest created by the regeneration of Glasgow’s East End in the lead up to the 2014 Commonwealth Games, Clyde Gateway, Scotland’s newest business destination, will launch its search for new investors at MIPIM’s UK property show in London, later this week.
The event, the first forum of its kind for professionals looking to close deals across all major sectors of the UK property market, will showcase leasing and investment opportunities within the office, retail, industrial, residential healthcare and sports property sectors. It will be held at Olympia, London, from Wednesday 15 – Friday 17 October.
Clyde Gateway certainly has no shortage of investment opportunities available, and the success experienced by the regeneration company to date should fill potential investors with confidence.
Over the past six years more than £1.5 billion has been invested into the area from both public and private sectors. As a result of that investment, the East End is now almost unrecognisable. Massive physical and environmental changes have taken place. Vast expanses of vacant and derelict land now boast modern offices and industrial buildings, as well as serviced zones which are ready for future development. A range of businesses from the engineering and construction sectors have already made Clyde Gateway their home and two of Scotland’s largest public sectors organisations – Community Safety Glasgow and Police Scotland – have relocated thousands of staff to the area.
Now that the £24m Police Scotland move to Riverside East is underway, Clyde Gateway is launching its search for a joint venture partner to take forward Scotland’s largest commercial planning project at Shawfield.
Offering unrivalled development opportunity and commercial prospects, Shawfield is the largest commercial and industrial planning consent in Scotland and the 11th largest in the UK.
With a total site area of 65 hectares, Clyde Gateway is now bringing forward Phase 1 comprising 11 hectares. £20m is being invested in the site infrastructure and landscaping and a new bridge provides direct access to Dalmarnock Station. Its access to road and rail routes, as well as its close proximity to Glasgow city centre and Glasgow airport make it the ideal business location.
Shawfield offers the scope to deliver a large scale modern business environment. It will be primarily Class 4 business space but with ancillary mixed use to support the needs of occupiers, staff and the local population. Supporting uses will include shops, cafés, gym, business centre and hotel. The integrated approach to infrastructure, surface water, green space, and accessibility and energy efficient buildings makes Shawfield a highly sustainable business location.
Ian Manson, Chief Executive of Clyde Gateway, said, “This has been a phenomenal year for Clyde Gateway. We have been overwhelmed with the interest that the Games generated and with the quality and numbers of businesses that have already made the decision to make Clyde Gateway their new home.
“It’s clear that the location, the value for money and of course the quality of build available are second to none.”