Legal & General Build-to-rent
Bringing a vibrant and thriving neighbourhood back to the heart of the Merchant City.
The next development phase at Drum’s Candleriggs Square began in October 2021 with a 346-apartment Build-to-Rent scheme, pre-sold to Legal and General’s UK Build to Rent Fund. The 17-storey 325,000 sq. ft. building will also include a range of retail and commercial units at ground floor level creating a vibrant and attractive public realm. A generous entrance lobby will open onto Glasgow’s Trongate, giving direct access to a communal landscaped courtyard at the first-floor level, while a range of roof terraces will provide spectacular views across the city.
The large city centre plot has lain neglected and unused for the last 20 years, becoming an unattractive gap site in an otherwise vibrant and thriving neighbourhood. The development will return Candleriggs Square to a bustling market-place full of life, vitality and interest and intrinsically linked to the rest of the city centre, bringing with it a significant and timely boost for both the local and national economy.
Plans for Candleriggs Square align with Glasgow City Council’s stated desire to bring more people back into the city centre to live, work and visit. Council Leader, Councillor Susan Aitken said: “Glasgow needs a city centre that is an attractive place to live, work, study, visit and invest – and the regeneration of Candleriggs Square can play an important role in delivering on all of those aims. The start of construction is very welcome, bringing new life to a key site that has lain vacant for a considerable time. We can also look forward to further stages of the development bringing economic and social benefit to the Merchant City’s residents and businesses – and contributing to a wider renewal of the city centre.”
Drum is in discussions in relation to the balance of the development comprising 250,000 sq. ft. of office and residential accommodation and expect to announce further occupiers to complete the scheme in the coming months.
www.candleriggs-square.com
