THE team behind Glasgow’s first major city centre Build to Rent (BTR) housing development has announced the successful delivery of another multi-million-pound BTR project.
Mitchell Apartments is the most recent development by Kelvin Properties, which previously developed Candleriggs Court in Merchant City.
Tenants will be able to move into the seven-storey, 20 flat development in Finnieston from January 2021. The apartments replace a disused church turned restaurant across the road from the Mitchell Library.
After ‘unprecedented demand’ for Candleriggs Court, which saw the entire development let within six weeks, Stephen McKechnie, managing director at Kelvin Properties became even more convinced that the BTR concept. He said, “This is another hugely exciting development for us. I identified the site a couple of years ago and was absolutely convinced it would make for a great build to rent project because of the close proximity to the city centre, the Finnieston Strip and the University of Glasgow.
“Currently, far fewer people live in our city centre than cities such as Birmingham, Manchester and Liverpool but with demand for housing and the changing nature of offices and work, that has to change. We’re continuing to look for more BTR development opportunities in the city centre and the surrounding areas.”
Tay Letting successfully let Candleriggs Court’s 36-apartments within just six weeks. Director Marc Taylor is anticipating similar demand for Mitchell Apartments. He explained, “There is a huge demand for city living, particularly among millennials. This is ideally located between Finnieston and the city centre, with fantastic access to transport links. Just like Candleriggs Court, this is designed with modern consumers in mind, with bike spaces to top of the range amenities. Nine of the properties come with balconies, offering southerly views to the rear or views of the Mitchell Library. Tenants will be able to rent off plan from early November.”