Artisan snaps up Glasgow hotel development site

ARTISAN Real Estate Investors has purchased the Custom House development site in Glasgow city centre for more than the £1.75 million asking price.

The Grade A-Listed Custom House, which is currently vacant, and adjoining land overlooking Glasgow’s waterfront has planning consent for a 14-storey hotel incorporating a restaurant and bar, conference and meeting facilities, and a gym and leisure facilities.

Jaco Jansen, Artisan CEO said, “We are delighted to expand our footprint in Glasgow. Securing another high-quality regeneration opportunity in such an excellent location fits our model perfectly. We look forward to working with all stakeholders to optimise the potential for this part of the city.”