Glasgow City Council’s Planning Applications Committee has approved applications for the £390million expansion of Buchanan Galleries.
This approval gives planning permission for the erection of a mixed use development comprising of extensions to the existing Buchanan Galleries Shopping Centre, the erection of an entrance atrium to Glasgow Royal Concert Hall and Buchanan Galleries on Buchanan Street, the demolition of the existing car park and the erection of a replacement on a site at Queen Street Station East.
Councillor Gordon Matheson, Leader of Glasgow City Council, said, “This planning consent will unlock over £300million of private sector investment for Glasgow. Alongside our TIF scheme, the expansion of Buchanan Galleries will improve the city centre’s public realm and infrastructure, and generate 1500 jobs. We are justifiably proud in Glasgow city centre being the UK’s second biggest retail destination, but to ensure we remain in such a position new ways of attracting visitors and investors must be found. The expansion of the Galleries will help us to do so.”
The Buchanan Quarter TIF scheme and Buchanan Galleries expansion is expected to:
- lever in £310 million of private sector investment;
- deliver around 1500 jobs;
- bring £36million of extra economic activity to Glasgow annually;
- deliver a 392,000 sq ft expansion of the Buchanan Galleries;
- enable up to £80million of public infrastructure works and public realm improvements;
- create a new 1500-space car park at Queen Street Station with 35,000 sq ft of associated retail units; and
- provide 50,000 sq ft of new retail development at the southern end of the existing Buchanan Galleries site.