Candleriggs Quarter Glasgow, Merchant City Buildings, Property Development News

Candleriggs Quarter Merchant City

Drum Property Group & Stamford Property Investments, Strathclyde, West of Scotland

15 Mar 2019

Candleriggs Quarter, Glasgow

Drum Property Group and Stamford Property Investments announce purchase of Candleriggs Quarter, Glasgow

Joint Venture Secures Prime Development Site in Glasgow’s Merchant City

Drum Property Group and Stamford Property Investments have announced a joint venture to develop a significant mixed-use development site at the heart of Glasgow city centre’s Merchant City following their successful acquisition of the site.

Candleriggs Quarter, bound by Hutcheson Street, Trongate, Candleriggs and Wilson Street is recognised as one of the most important development sites in the city centre.

Having lain derelict for over a decade, the site has an existing planning consent for around 850,000 sq ft of residential, student, hotel and commercial space with the potential to play a fundamental role in Glasgow’s continued economic growth.

Welcoming the deal, Graeme Bone, Group Managing Director of Drum Property Group said: “We are pleased to be working in partnership with Stamford to acquire such an exciting and significant site.

“Securing Candleriggs Quarter provides an exciting opportunity to transform this neglected part of the city centre and complete the regeneration of Merchant City.

“We are looking forward to preparing proposals for a sensitive mixed-use development that will have a variety of high-quality residential accommodation and amenities at its heart.”

Uri Goldberg, Managing Director of Stamford Property Investments added: “Following previous successful developments in Scotland, we are delighted to have joined forces with Drum Property Group to transform this important city centre site.

Candleriggs Quarter offers an unprecedented regeneration opportunity and we are excited to deliver a high quality mixed use development.”

About Drum Property Group
Drum Property Group Ltd is an award-winning property development and investment business with a long track record of growth throughout the UK. www.drumpropertygroup.com

About Stamford Property Group
Stamford Property Holdings and its subsidiaries are a multi faceted property developer specialising in private residential, PRS and student accommodation. Stamford has a strong track record of institutional grade developments in major cities in the UK.
www.stamprop.com

Merchant City Glasgow

Daily Express Building designed in 1936-39:
Daily Express Building Glasgow
photograph © Adrian Welch

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The Press Bar Albion Street
photograph © Adrian Welch

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