Scottish Enterprise purchases 220 Broomielaw

04 Sep 2009

Scottish Enterprise has added to its existing landholding at the Glasgow International Financial Services District (IFSD) at Broomielaw, with the purchase of a 1.8-acre site at 220 Broomielaw, from Gladedale Capital.

The move sees Scottish Enterprise making a strategic decision to build upon the existing success of the International Financial Services District, which has attracted over one billion pounds of investment in the past seven and a half years, making it one of the largest economic development projects in the UK.

The land, which has planning consent for office development, is currently lying vacant and could now be used to support developments either in business tourism or the financial services industry.

Commenting on the deal, Stephen Gallagher, Managing Director, Commercial at Scottish Enterprise, said: "The acquisition of this site will complement Scottish Enterprise's existing land-holding at 236 Broomielaw and allow us greater flexibility in our offering to development partners.

"The site is situated at a prime location on Glasgow's Broomielaw, close to several major transport routes, and we are expecting significant interest from potential development partners.

"The site has a tremendous waterfront location and provides an excellent platform for inward investment deals. The acquisition will also allow Scottish Development International to strengthen the Scottish offering to potential inward investors."

 

  • Aerial view of the 220 Broomielaw marked by the red dot