BAM Properties and Taylor Clark Properties have announced plans to jointly develop a 300,000 sq ft mixed use scheme in Atlantic Square, Glasgow which will support up to 2750 jobs.
The joint venture is now seeking planning permission for the project from Glasgow City Council. Subject to the necessary planning consents being secured, work on the development will then start immediately.
The proposed development in Glasgow’s International Financial Services District will see the creation of one of the largest office developments in the city.
It will comprise two commercial buildings of ten storeys (180,000 sq ft) and six storeys (80,000 sq ft) respectively, with ground floor retail space in both. A third building will combine retail and residential accommodation.
BAM will act as developer and contractor on the scheme and Taylor Clark owns the site. The design of the new development was undertaken by architect Cooper Cromar and will include the retained façade of listed warehouse buildings currently on the site.
BAM Properties development director Michael Smart said: “This project builds on our positive experience at our recent development at 110 Queen Street. We have carefully researched the supply pipeline and have identified a strong undercurrent of demand from top grade companies and organisations.
“Together with Taylor Clarke, we will create a state of the art development that will meet the requirements of forward thinking business tenants and investors.”
Taylor Clark Properties managing director Jon Brand said: “A lack of grade A space is limiting investment in the city and with rents stabilising we believe the time is right to combine our expertise to deliver this striking mixed use development.”