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21/11/2022

Summix Capital Unveil New Central Quay Development

Summix Capital has unveiled proposals to deliver a new mixed-use development on a brownfield site at Central Quay, Glasgow.

The development site, being progressed by property developer Summix Capital, includes a high-quality office building at 2 Central Quay. This extends to just under 80,000 square feet, and in addition to this a neighbouring 4.43-acre site lies to the east.

Ideally located between the city centre and the west end at Anderston, the site is immediately adjacent to Finnieston, one of Glasgow's fastest-growing neighbourhoods.

As part of the pre-application consultation process, a statutory event will be held on 24th November 2022 between 2pm and 7pm at the 2 Central Quay office building. In addition to the November event, a second event will be held on 19th January 2023. The office building is located at 89 Hydepark Street G3 8BW.

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Summix Capital is seeking to deliver a development that includes private for-sale residential dwellings with family housing; affordable flexible office space; and purpose-built student accommodation, with the provision of commercial space on the ground floor.

The development site has lain derelict for a considerable period, and its regeneration heralds a significant investment in the city.

The site, in conjunction with land to the south, benefits from planning permission in principle for a mixed-use development. This includes offices, residential, hotel, and associated ground floor commercial uses with access, parking, landscaping and associated works.

The southern parcel of land has been sold separately to Platform_, who are currently constructing 498 build-to-rent (BTR) apartments. It comprises four blocks, one of which, at 20 storeys, is one of Glasgow's tallest buildings

A representative from Summix Capital said: "We are delighted to be bringing forward these exciting proposals to the community as part of our extensive consultation process.

"This development at Central Quay will serve to regenerate a current brownfield site, which has lain derelict for a considerable period of time, and represents a significant investment in Glasgow, providing much-needed housing and commercial space.

"It should be noted that these proposals are at a very early design stage, and we look forward to hearing the views of the community as we progress these, ensuring that it plays a key role in shaping our scheme."

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