Tiger Developments announced on Friday that it plans to carry out a £100 mln (EUR 147 mln) redevelopment project in Glasgow. The company said it has purchased a 40,500 m[sup]2[/sup] site for the project, which will include 358,000 sq ft (33,300 m2) of office space, a 130-bed hotel and some retail space. The site is currently home to several industrial buildings that remained unused for over 15 years. The company bought the site from a private investor for an undisclosed amount.
Tiger Developments announced on Friday that it plans to carry out a £100 mln (EUR 147 mln) redevelopment project in Glasgow. The company said it has purchased a 40,500 m2 site for the project, which will include 358,000 sq ft (33,300 m2) of office space, a 130-bed hotel and some retail space. The site is currently home to several industrial buildings that remained unused for over 15 years. The company bought the site from a private investor for an undisclosed amount.
'Our extensive plans will see the creation of a key business hub in a growing area of the city, close to a major transport interchange and the planned M74 extension,' said John Nesbitt managing director of Tiger Developments. Mike Buchan, director of Jones Lang LaSalle's Glasgow office, has been appointed to market the site along with Sanders Cartwright. Cooper Cromar Architects has been appointed to undertake a master plan. An outline planning application is due to be submitted before the end of the year.
Tiger Developments is also redeveloping the former Morrison Street Goods Yard in Haymarket, Edinburgh. The £200 mln plans for the Edinburgh site include the creation of two hotels, continental-style boulevard, retail space and 30,000 m2 of office space.
