THE success of Glasgow’s first major city centre Build-to-Rent (BTR) housing development looks set to pave the way for similar sites over the coming years.
Tay Letting confirmed it has let the entire 36-apartment Candleriggs Court complex in the Merchant City area following just six weeks of marketing.
The site is said to be particularly attractive to young professionals, with those in the 24-34 age bracket accounting for 60% of the letting deals.
Marc Taylor, director at Tay Letting said, “Candleriggs Court is a unique development in Glasgow. It offers affordable accommodation in the heart of the Merchant City, while delivering a secluded community just minutes’ walk from the best bars and restaurants the city has to offer. This really resonated with potential tenants, and unprecedented demand allowed us to fully-let the development in a matter of weeks.
“BTR developments will play an increasingly important role in Glasgow over the coming years. Tay Letting’s experience in successfully marketing Glasgow’s first major BTR scheme leaves the firm ideally placed to provide expertise and advice for the up and coming sector.”
Candleriggs Court comprises a mix of one, two, and three-bedroom apartments, featuring German-engineered kitchens from Hacker and Porcelanosa tiling in the bathrooms. The development also boasts bike spaces, private underground residents’ parking and a communal garden.
The duo behind the development – Kelvin Properties and Tay Letting – have now set their sights on providing more quality BTR units to meet demand for city living. Plans are progressing to deliver another city centre site next year.
Stephen McKechnie, MD of Kelvin Properties added, “We want to help Glasgow flourish and thrive by creating quality housing in prime locations, that really enhance the urban fabric of the city and attract the very best talent to the city. Following the success at Candleriggs Court, we now plan to deliver more market-leading BTR developments across Glasgow.”