Clyde's momentum will ride the waves

10 Aug 2009

New proposals for two hotels on the waterfront site and Custom House Quay have been brought forward, as previous plans for an extensive £200m waterfront development have stalled.

Development of the key city centre site is now likely to take place as a phased development, with NM UK's proposals for two new waterfront hotels representing the first phase of development.

Commenting on the news, Mark Barton, Marketing Manager at Clyde Waterfront said, "We've been aware that this project has been on hold for a number of months now. While we don't welcome the slowdown in activity we continue to have confidence in Clyde Waterfront's ability to weather the current economic conditions.

"Recently, the public sector partners behind the Clyde Waterfront regeneration programme calculated that a number of publicly funded infrastructure projects and private sector investments guarantee over £2 billion of economic activity along the Clyde over the next three years. We have already seen around £1.5bn worth of investment over the last 5 years, the majority of this (around £1.1bn) from the private sector."

Current public sector infrastructure projects at Clyde Waterfront include the new SECC National Arena, the M74 extension, the Riverside Museum, Partick Interchange, the re-development of the Southern General Hospital, north Renfrewshire flood prevention and Dumbarton town centre redevelopment.

Planned private sector investment includes the completion of several large office development, hotels, the third phase at Glasgow Harbour, Ferry Village in Renfrewshire and the Lomondgate development in West Dunbartonshire.

Clyde Waterfront background

Plans to transform the environment, local communities, transport infrastructure and economy along 13 miles of the river from Glasgow to Dumbarton make Clyde Waterfront the largest project of its kind in Scotland.
The £5-6 billion of planned public and private sector investment, which is projected over a 25 year period, has the potential to deliver

  • 50,000 gross new jobs  
  • 24,000 new homes 
  • 900,000m2 of office, retail, industrial and leisure space
  • Aerial view of Custom House Quay in Glasgow city centre