Collegelands Welcomes WIP
Published by Anne Marie Hughes on Sat 09 Jun 12 @ 22:10
More than 20 members of the Central Scotland Branch of The Association of Women in Property got a sneak preview of one of Scotland biggest regeneration developments, Collegelands, recently.
As construction enters the final months for the first phase of the £200m development in the east of Glasgow city centre, guests were given a tour of the extensive 6.81 hectare site and met key members of the team delivering the ambitious mixed use project. Collegelands will be Glasgow's first new city centre district for decades, regenerating the original site of the University of Glasgow which has lain empty for more than 25 years.
Guests viewed construction progress on the first buildings on site - 90,000 sq ft of Grade A office space pre-let to Glasgow City Council, a 588 bed student accommodation unit to be operated by Watkin Jones and the 1,170 space multi-storey car park to be run by City Parking.
Subsequent phases will encompass up to an additional 450,000 sq ft of Grade A office accommodation, up to 400 residential properties, a 200 bedroom hotel and 8,000 sq ft of retail space, totalling more than 1,100,000 sq ft.
Russell Stewart, development director at Dawn Group, commented: "We have been showcasing Collegelands to industry professionals across the UK and were delighted to welcome the WIP members to the site. The scale and complexity of the development make Collegelands a real tour de force at a time where there is little construction activity in the commercial property market and events like today's allow us to share best practice within the industry."
Jane Meneely, Senior Associate at Hypostyle Architects and Vice-chair of Women in Property Central Scotland Branch, said: "Seen as a continuation of what has been achieved in the Merchant City, Collegelands will be key in promoting further development in this area. Women in Property were delighted to be given the opportunity to tour the Collegelands development, and hear first hand from the developer about the project's objectives."
The scheme will generate a major boost to Scotland's economy, including 3,000 gross additional jobs once the site is fully developed, £110 million per annum to the economy and 1,100 local construction jobs over the build period. Collegelands is a partnership between Dawn Group, Glasgow City Council and Standard Life Investments.
For more information visit www.collegelands-glasgow.co.uk
