Glasgow: Clyde Gateway
Key Sectors: Commercial/office, Industrial and manufacturing, Retail & leisure, Urban Residential
OVERVIEW
Clyde Gateway has a 20-year programme of investment across the East End of Glasgow and South Lanarkshire. Immediate and longer-term opportunities are available.
Just five minutes from Glasgow city centre by train, the Clyde Gateway area has benefited from over £1.5 billion (€1.68 billion) of investment to date, with more than 125,000 square metres of award-winning business space now completed and 3,000 new homes delivered.
On track to become a ‘20-minute neighbourhood’, Clyde Gateway is overseeing a series of significant new investment programmes with the aim of attracting and retaining businesses and creating thousands of new jobs with many going to local people.
The legacy of the investment associated with the 2014 Commonwealth Games means the area is now home to the outstanding sporting facilities of the Emirates Arena and Sir Chris Hoy Velodrome, as well as Celtic Football Club’s 60,000-seater stadium, all within a five-minute walk of the newly upgraded Dalmarnock station, which caters for up to six trains per hour with connections to Glasgow Central. In 2022 Clyde Gateway will welcome Scotland’s first Topgolf venue, a state-of-the-art leisure facility.
With excellent transport links, the area’s accessibility by walking, cycling, road and rail is already proving a major draw to investors, businesses and residents. The M74 and M8 provide access to the UK motorway network, while Glasgow airport is a 15-minute drive away and Edinburgh airport is within 40 minutes.
Clyde Gateway also offers easy access to local talent and skills, with around three million people living within 60 minutes of the development site and 1.5 million people in the area being economically active.
The area is also at the forefront of the region’s green recovery. Clyde Gateway is investing in district heating with a combined heat and power system, and is part of a Europe-wide research programme into energy-efficient fifth generation district heating and cooling. The area’s sustainable credentials are further boosted by being home to the British Geological Survey’s Glasgow Observatory, researching the potential of geothermal technology.
While economic activity across all sectors is flourishing, the accessibility, existing skills base and cost/supply of property means that the area is likely to prove of particular interest to the following key sectors:
- Financial services/Business process outsourcing
- Energy/low carbon
- Creative & Digital Media
- Manufacturing/engineering
- Tourism and events
DEVELOPMENT AND INVESTMENT OPPORTUNITIES
Clyde Gateway offers a range of potential short, medium and longer-term investment opportunities across all sectors including commercial, residential and hotel. Current opportunities are centred on the areas served by the Dalmarnock train station at the heart of Clyde Gateway.
Dalmarnock – Adjacent to the station and the new road, the area is already home to Police Scotland’s 13,000m2 administrative HQ and significant new residential development is underway. Opportunities exist for significant scale mixed use development including:
- 9,900m² (106,500ft²) HQ office
- 120-bed hotel
- 10,000m² (107,500ft²) riverside mixed use development opportunity
- Circa 225 residential units
- 3,800m² (41,190ft²) EastWorks Creative Workspace available to let.
- Supporting local retail facilities
Magenta – With planning consent for over 110,000m², Magenta Office Park is Glasgow’s newest international business park location. Over £20 million (€22.4 million) public funding has been invested so far in site preparation and the first 3,250m² building Red Tree Magenta is fully occupied.
A partnership with Highbridge Properties Plc, Magenta offers the opportunity for £200 million (€235 million) investment – investor, equity, co-development, development funder, and construction partners, with additional investment opportunities in the wider area.
CONTACT
Martin McKay
Executive Director of Regeneration, Clyde Gateway
T: +44 (0) 141 276 0758
E: martin.mckay@clydegateway.com
QUICK FACTS
£1.5bn invested to date
3 upgraded rail stations
Home to the new Emirates Arena and Sir Chris Hoy Velodrome
Award winning public realm, infrastructure and commercial property in place
6.000 new jobs attracted to the area
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