Opportunity

Glasgow: University of Glasgow


Key Sectors: Retail & leisure, Tourism and hospitality, Urban Residential

OVERVIEW

Founded in 1451, the University of Glasgow is the 4th oldest university in the English-speaking world. Ranked in the top 1% of the world’s universities, it is the first and only UK university to be rated as 5 Stars Plus overall.

The University is one of the largest employers in the west of Scotland with more than 8,000 staff including 2,250 active researchers generating more than £181 million (€214 million) of research income per year. The University’s overall impact on Scotland’s GDP equates to around £509 million (€570 million) which includes 13,300 direct and indirect jobs (as at 2015).

With over 2,500 active researchers and with a long history of achievement, University of Glasgow researchers have transformed policy and practice, driven commercial innovations and shaped debate and understanding across a range of fields and at every level—local, national and global.

The University acquired the adjacent 14 acre former Western Infirmary hospital site in 2016. This site is under development as part of the University’s £1 billion investment in the Gilmorehill Campus into a globally recognised iconic place of learning and research enhancing their position as a world-class institution. 

Over the last 5 years, the University has developed an innovative and adaptive masterplan, carefully woven into the surrounding west end.  Currently there are four committed on site or due to go on site 2020, including a new Learning and Teaching Hub, The Research Hub, The Clarice Pears Institute of Health and Wellbeing and the Adam Smith Business School Post Graduate Building. 

In addition to over 82,000m² (883,000ft²) of academic space, the current planning permission in principal Masterplan provides approximately 53,100m² (572,000ft²) of commercial and amenity uses. This exciting commercial development will comprise a true mixed-use prospect from hotel to residential, retail and leisure.

The University is also working in partnership with Glasgow City Council and Scottish Enterprise to bring together culture, creative industries, science and industry to develop a unique innovation district with the University at the heart of proposal.

LOCATION

The University occupies over 70 acres of prime city campus in the West End of the city just 3 miles from the city centre and served by excellent public transport options including subway, bus and rail. Just 7 miles from Glasgow International Airport, the University has easy access to London and some 120 international destinations.

INVESTMENT OPPORTUNITIES

This major mixed-use development offers potential commercial investment opportunities

  • Residential (incl student) – 14,500m²
  • Hotel(s) – up to 12,500m²
  • Retail – up to 4,000m²
  • Sports and recreation – up to 500m²
MARKET ACTIVITY

The University has four committed projects at the Gilmorehill Campus. The new JMS Learning and Teaching Hub on University Avenue is under construction and due to open in September 2020. This 14,880m2 facility will increase large teaching capacity and student study space on campus. The Research Hub and Clarice Pears Institute of Health and Wellbeing are also currently under construction on the Western site. Construction of the Adam Smith Business School & Post Graduate Teaching Hub is due to commence in summer 2020 and will be the 4th major project to be delivered. 

Peel Developments is proposing a large mixed use development at the nearby Glasgow Harbour including retail, leisure and residential. The first phase of student development completed in 2019. Planning consent has recently been granted for the retail and leisure element of the development. 

The proposed Glasgow City Region Deal monies will help transform the West End of Glasgow through providing improved streetscape and infrastructure and plans for a new bridge connecting the north and south banks of the River Clyde.

CONTACT

Ann Allen
Executive Director Estates and Commercial Services,
University of Glasgow
T: +44 (0) 141 330 4387

QUICK FACTS

University Avenue, Glasgow G12

University of Glasgow

Potential Development up to 31,500m²

Mixed Use

Developer/development finance/co-investor/JV partner

Phase 1 of academic buildings has commenced

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