PROPERTY developer Summix Capital has revealed “exciting” proposals to deliver a mixed-use development on a brownfield site at Central Quay in Glasgow.
The development site currently includes a high-quality office building at 2 Central Quay, extending to just under 80,000 square feet, and a neighbouring 4.43-acre site to the east. This site is “well-placed in Anderston, one of Glasgow’s fastest-growing districts”.
Summix Capital is seeking to deliver a development that includes private for-sale residential dwellings with family housing, affordable flexible office space, and purpose-built student accommodation, with the provision of commercial space on the ground floor.
The development site has lain derelict for a considerable period, and its regeneration heralds a significant investment in the city.
The site, in conjunction with land to the south, has planning permission in principle for a mixed-use development. This includes offices, residential, hotel, and associated ground floor commercial uses with access, parking, landscaping and associated works.
The southern parcel of land has been sold separately to Platform, who are currently constructing 498 build-to-rent (BTR) apartments. It comprises four blocks, one of which, at 20 storeys, is one of Glasgow’s tallest buildings.
A representative from Summix Capital said: “These exciting proposals represent a significant investment in Glasgow and will serve to regenerate a current brownfield site, providing much-needed housing and commercial space.
“The site has lain derelict for a considerable period of time, and its redevelopment will be a welcome addition to the community. As a company, we are committed to pursuing a Net Zero Carbon strategy by 2030, and this development will be in accordance with this.
"These proposals are at an early design stage, and over the next few weeks, we look forward to engaging in discussions with the local community about how best to progress this."
As part of the pre-application consultation process, statutory events will be held on November 24 and January 19, 2023, between 2-7 pm, at "2 Central Quay", located at 89 Hydepark Street, Glasgow. Further information will be advertised to the community closer to the time.
New car shortages to persist into next year
INFLATION and rising interest rates drove a hole through third quarter profits at Pendragon despite a continuing shortage of new cars which has boosted prices for new and used vehicles.
The group, which trades under the Evans Halshaw and Stratstone brands, said it expects shortages to continue into next year.
Shares in banking giant plunge
BANKING giant HSBC has underlined the scale of the boost provided to lenders’ profitability by interest rate increases as it posted strong third quarter results.
However, shares in HSBC fell around six per cent after the group announced the surprise exit of chief financial officer Ewen Stevenson.
Sign up for free: You can now get the briefing sent direct to your email inbox twice-daily, and Business Week for the seven-day round-up on Sunday 👇
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here