Construction News

12/12/2008

£300m Glasgow Waterfront Development Shelved

Plans for the tallest building in Glasgow have been shelved due to the current economic downturn.

The £300m, 30-floor hotel and office block development at 236 Broomielaw will no longer be developed by Kenmore Property Group.

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The Sheraton Hotel Group was tipped to let the waterfront development.

A Scottish Enterprise spokeswoman said: "We remain committed to securing a high quality hotel and commercial development for the site.

"However, in light of the recent economic downturn we are reconsidering the options for re-marketing the site."

Scottish Enterprise will re-market the site at a later date.

(GK/JM)

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