CLYDE Gateway is preparing for a ‘massive’ surge in activity as construction restarts across Glasgow’s east end regeneration area.
The development and investment organisation said that the latest investment of £150 million is set to ‘swing back into action’, following the Scottish Government’s updated regulations on the return of the construction industry.
Nearly 1,000 homes are being built on site as Link Group and McTaggart Group restart the Dalmarnock Riverside development, and Springfield Homes is bringing forward new homes at Dalmarnock Station, Clyde Gateway said. More homes are in the pipeline, with Swan Group’s recent proposal for the build of homes at Newhall Street in Dalmarnock.
Clyde Gateway added that they are ‘pushing to complete’ two office pavilions at Rutherglen Links Business Park, which they say were just some 12 weeks from completion when lockdown was announced. A new headquarters for the STUC at Bridgeton will also restart and aims to be completed before the end of the years.
Investment company, Harris Finance, will look to complete a new bespoke distribution and office facility on behalf of global logistics company, DHL Express, at Clyde Gateway East as the demand for logistics and distribution increases.
Martin McKay, executive director of Clyde Gateway said, “Clyde Gateway has attracted more than £1.bn of investment to the area and has put itself firmly on the map as ‘the place’ for people to live and work and where businesses can thrive. Kick starting the investment in housing, business space and leisure facilities is welcome news, and with further exciting investment opportunities in the pipeline, development activity is set to top £200m in Clyde Gateway over the coming year.”