Property developer Summix Capital has revealed exciting proposals to deliver a mixed-use development on a brownfield site at Central Quay, Glasgow.
The development site comprises a vacant 4.43-acre site adjacent to the existing high- quality office building of 80,000 sq ft at 2 Central Quay.
Ideally located between the city centre and the west end at Anderston, the site is immediately adjacent to Finnieston, one of Glasgow’s fastest-growing neighbourhoods.
Summix Capital is seeking to deliver a development that includes private for-sale residential dwellings with family housing; affordable flexible office space; and purpose-built student accommodation, with the provision of commercial space on the ground floor.
The development site has lain derelict for a considerable period, and its regeneration heralds a significant investment in the city.
The site, in conjunction with land to the south, benefits from planning permission in principle for a mixed-use development. This includes offices, residential, hotel, and associated ground floor commercial uses with access, parking, landscaping and associated works.
The southern parcel of land has been sold separately to Platform_, who are currently constructing 498 build-to-rent (BTR) apartments. It comprises four blocks, one of which, at 20 storeys, is one of Glasgow’s tallest buildings.
As part of the pre-application consultation process, statutory events will be held on 24th November 2022 and 19th January 2023, between 2pm and 7pm, at 2 Central Quay, located at 89 Hydepark Street, Glasgow G3 8BW. Further information will be advertised to the community closer to the time.
A representative from Summix Capital said:
“These exciting proposals represent a significant investment in Glasgow and will serve to regenerate a current brownfield site, providing much-needed housing and commercial space.
“The site has lain derelict for a considerable period of time, and its redevelopment will be a welcome addition to the community. As a company, we are committed to pursuing a Net Zero Carbon strategy by 2030, and this development will be in accordance with this.
“These proposals are at an early design stage, and over the next few weeks, we look forward to engaging in discussions with the local community about how best to progress this.”
Further information is available at: https://summix-centralquay.com
Notes to Editors
About Summix Capital
Summix is a property company specialising in development projects across the UK and Ireland. Working with its partners, it has successfully delivered thousands of homes in the UK and Ireland since its foundation in 2006.
It works closely with sector specialists across the property space, unlocking the sites it needs, including those that are harder to develop, and helping speed up what can often be a long process from conception to delivery. This ensures that housing, student accommodation and mixed-use schemes are delivered where they are most needed.
Its vision for regeneration involves taking on the most challenging sites, ranging from vacant possession to dormant, dilapidated structures and developing a viable plan for their redevelopment and repurposing. At a time when the demand for housing far outstrips supply, a steady flow of land is essential.
In 2017, the Summix Capital Partners I LP fund was launched to further enhance its ability to deliver larger and more complex projects.
Further information about Summix is available at: https://summix.com/