First UK development for The Student Hotel Triggers Regeneration of Prominent Merchant City Gap Site.
Construction of Candleriggs Square, Drum Property Group’s £300 million regeneration project lying at the heart of Glasgow’s Merchant City, has taken a significant step forward as preparatory site works commence on The Student Hotel’s first complex in the UK.
Glasgow City Council approved plans for the 500-bedroom hotel in May 2020, and construction is expected to start in July this year. The complex will be owned and operated by pioneering hotel brand The Student Hotel (TSH). TSH is a pan-European investor, developer, owner and operator of a pioneering hybrid hospitality model, and states that its mission is to “create boundary-blurring spaces where students, travellers, mobile professionals, creative nomads and enterprising minds can connect and thrive in smart design co-living and co-working spaces.”
The TSH model will offer a mix of functions - including hotel accommodation, co-living and co-working spaces, bar, restaurant, conference rooms and fitness centre - in a creative and inspiring environment that attracts a multitude of different users and guests. TSH currently owns and operates 13 hotels across Europe in leading destinations such as Amsterdam, Berlin, Dresden, Florence, Rotterdam, The Hague, Maastricht and Paris, with a further 12 hotels under development.
The hotel represents the first phase of construction for the 3.6-acre development delivered by Candleriggs Development 2 - a joint venture bringing together Drum Property Group and Stamford Property Investments. Drum and Stamford first launched the ambitious £300m plan to transform Candleriggs Square when the site was bought in March 2019.
Plans include a high-quality mixed-use scheme combining homes, offices, hotel, restaurants and local amenities, together with landscaped open spaces and accessible walkways with a new public square at its heart.