£100 million boost for Glasgow retail as St. Enoch Centre transformation begins

06 Jul 2007

The ambitious project which will revitalise Glasgow city centre shopping was launched with the start of construction work on the new St. Enoch Centre shopping complex.

The £100 million redevelopment by Canadian owner and manager Ivanhoe Cambridge will transform the 18-year old Centre and further enhance the city's already strong profile as a top UK shopping destination.

The first stage of demolition work is being carried out on the site of the old Clydesdale Bank building on the corner of Argyle Street and St. Enoch Square, with the project scheduled for completion by the end of 2009. Once the project is completed, the Centre will boast more than one million square feet of retail and leisure space and will accommodate over 40 new retailers.

To celebrate the launch of this huge investment in Glasgow's ongoing regeneration and mark the beginning of construction work, Council Leader Steven Purcell welcomed Ivanhoe Cambridge's senior vice president, Europe Claude Dion and Cecil Huey, vice president, Development, Europe.

Steven Purcell, the Leader of Glasgow City Council, said: "Glasgow is almost unrecognisable from the city that welcomed the tremendous boost that the St Enoch Centre brought some 18 years ago.

"I'm delighted that this new investment will further secure Glasgow's unprecedented regeneration as we look to a bold vision for the Clydeside adjacent to St Enoch Square.

"The corridor from the top of Buchanan Street, down to the river, is now seen as Scotland's prime retail destination and this investment maintains that reputation."

Claude Dion, senior vice president development, Europe for Ivanhoe Cambridge, commented:
"I'm delighted that the St. Enoch project is now officially underway. An enormous amount of work has already been done to bring us to this stage and it's very pleasing to see our plans beginning to come to fruition. The city of Glasgow already enjoys an excellent profile as a 'must-see' shopping destination, but we see enormous potential in the centre and the surrounding St. Enoch Square area. Moreover, this major redevelopment project is aligned with Ivanhoe Cambridge's strategy to improve its properties on an ongoing basis, in order to further strengthen their positioning, customer traffic and market share."

Susan Nicol, General Manager of St. Enoch Centre, said: "The Centre has a long association with Glasgow, contributing a huge amount over the past 18 years to the local economy in terms of investment and jobs. When it first opened, Glasgow was undergoing a period of renewal via events such as the Garden Festival and the City of Culture celebrations. We strongly believe that this project can be a catalyst for Glasgow to further enhance its reputation as a retail powerhouse in the UK.

"In fact, it's very appropriate that this rejuvenation of the Centre in the 21st century is taking place at a time when great progress is being made in the regeneration of Glasgow, particularly in relation to the waterfront. This redevelopment has enormous significance not just for St. Enoch Centre itself but also for the entire retail sector in the city and for the wider Glasgow economy."

Ivanhoe Cambridge's ambitious plans for St. Enoch, the first major refurbishment since it opened in 1989, include:

• A stunning new entrance at the corner of Argyle Street and Buchanan Street (currently the site of the Clydesdale Bank building) which will make a huge positive impact on the flow of customers, attracting many more shoppers from this key junction

• An extensive upgrade for the surrounding St. Enoch Square, transforming it into a café culture plaza-style environment for the city and local community, with a large multimedia screen for broadcasting sports, music and other events of national interest

• A radical refurbishment of the existing mall, to update the interior and streamline the design whilst bringing in quality, mass-market retailers which will dramatically increase visitor numbers and the tourist market

• Expansion of leisure facilities with a strong emphasis on new restaurants and bars within the complex

  • Artist's impression of St Enoch Square, supplied by Ivanhoe Cambridge