Pacific Quay plans a step closer

26 Jun 2013

Scottish Enterprise (SE) is to kick off a £25 million-plus plan to build houses and shops on the former Glasgow Garden Festival site.

The new plans are set to complement the district which includes the BBC's headquarters - but the long-held desire for a "creative cluster" in the area is still a "medium-term" objective, according to a senior executive.

The development agency has hired property agent Savills to begin marketing two plots of land directly south of the BBC Scotland headquarters at Pacific Quay. They have the capacity for about 190 houses and a number of what are described as "neighbourhood retail" units, such as small-scale stores and cafés.

The move is SE's latest attempt to turn some of its substantial landholdings in the area into an upmarket riverside district to complement the BBC, STV and the Science Centre.

SE is now planning to spend £2.5m to build a "spine road" and carry out utility works, ahead of Savills beginning the marketing of the plots in the second half of the year. De Vere is due to begin work on its site next month.

Allan McQuade, SE director of business infrastructure, conceded that the market for building commercial space on both sites "has not come forward as quickly as we anticipated". He said: "There is limited interest in speculative development at the moment. We see it as being medium term."

Source: The Herald - SE revives plan for development at Pacific Quay