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Masterplan consent for key Glasgow city centre development

Words: Roger Milne
Planning permission approved / iStock: 67562923

The city council has approved the masterplan for the £300 million regeneration of Candleriggs Square, one of Glasgow’s most high-profile city-centre sites.

Proposals for the 1.5-hectare site at the heart of the Merchant City district involve a mixed-use scheme combining homes, offices, hotels, restaurants and local amenities together with landscaped open spaces and accessible walkways.

A new public square would form the heart of the development.

The scheme has been developed by a joint venture company comprising Drum Property Group and Stamford Property Investments, which bought the site in March 2019.

As well as a planning application in principle for the entire site, the council has given the detailed go-ahead for the first phase of the development. 

Candleriggs Square – bound by Wilson Street, Hutcheson Street, Candleriggs and Trongate – is regarded by many as the last and most significant piece of the Merchant City regeneration jigsaw.

The joint venture inherited an existing planning consent, approved in 2016, for 79,000 square metres of residential, student, hotel and commercial space. 

Image credit | iStock