DRUM Property Group has announced completion of the construction of 324 Build to Rent (BTR) apartments for Legal & General Investment Management (LGIM) at Buchanan Wharf on Glasgow’s Clydeside.
Named ‘Solasta Riverside’, Drum explained the 280,000 sq. ft. complex has been designed to meet demand for high-quality rental accommodation. Comprising two 18-storey towers, features include a dedicated dining space, gym, residents’ lounge and games room. It also boasts a 4,250 sq. ft. communal roof terrace.
Drum’s Buchanan Wharf is a £500 million mixed-use development within walking distance of Glasgow Central Station and the International Financial Services District – linked by the adjacent Tradeston Bridge.
Graeme Bone, group MD of Drum Property Group, said, “This is another important milestone for Buchanan Wharf and the transformation of what was a large, neglected industrial brownfield site into a thriving commercial and residential community. The new apartments and facilities will bring an exciting dynamic to the area, making Buchanan Wharf a stimulating and attractive environment in which to live, work, and visit.”
Mike Powell, head of transactions, BTR, at LGIM Real Assets, added, “With a commitment to transform UK towns and cities, creating jobs and driving economic growth, the delivery of 324 high-quality, well-located rental accommodation is an important part of Legal & General’s regeneration activity in Glasgow city centre. The city has seen particularly low levels of residential development over the last 10 years and an increasing demand for high quality, well-located rental accommodation in the city centre.
“This acute supply and demand imbalance means the completion of our BTR development at Buchanan Wharf will bring a long-term sustainable rental scheme to Glasgow, meeting the demands of this vibrant and fast-growing city.”
The regeneration of Buchanan Wharf has been described as one of Scotland’s biggest ever building projects. Solasta Riverside sits next to Barclays’ Northern Europe campus HQ, which opened in 2021.