The University of Glasgow and Plenary Group have teamed up to fund the next phase of the university’s campus development programme, initially involving four projects, with a combined value of £180m (€207.3m).
Plenary, acting as developer and investor for the project, is joined by senior debt provider Royal London Asset Management and student accommodation operator Arlington Collegiate UK.
The development will create residential accommodation for students, and an opportunity for two purpose-built innovation hubs, designed to support spin-ins, spin-outs, start-ups and the commercialisation of the University of Glasgow’s research.
Together, these projects will continue the development of the University’s campus along Church Street in the West End of Glasgow.
The campus development programme has, so far, delivered four buildings, and it is also currently also constructing the £300m Keystone building, which will open in 2028.
Professor Andy Schofield, principal and vice-chancellor of the University of Glasgow, said: “We are delighted to partner with the Plenary-led consortium on the next stage of our landmark Campus Development programme.
“This phase builds on more than a decade of investment in our campus, creating world-class teaching, research, and social spaces alongside vibrant community areas. Through this development, we will bring our vision for Church Street to life; establishing a hub for collaboration, innovation, and partnership, where we work closely with partners to amplify the impact of our research.”
Richard Osborne, Plenary Group head of UK and Europe, said: “Plenary is delighted to be collaborating with the University of Glasgow and our consortium partners on our first project in Scotland.
“Our experience in forming long term partnerships with universities around the world makes us ideally placed to deliver the University’s vision for the Campus Development programme.”
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