Glasgow’s £220m Washington Exchange development launched
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October 24 2013
Subject to a pre-let this would see a showpiece 500,000 sq/ft mixed use development built between Washington Street and McAlpine Street within Glasgow’s International Financial Services District in a number of phases.
Outline consent allows for a showpiece tower of up to 17 storeys at 65 Washington Street and a range of possible uses including a hotel, offices, leisure facilities and new homes.
Enjoying 70m of frontage onto the river Clyde the 1.69 acre site has previously received planning consent for 250,000 sq ft of Grade A office space, 20,000 sq ft of retail space and 25 residential apartments valued at £100m.
Patsy Hyslop, marketing director of Marlebone, said: “It is clear there remains a shortage of Grade A office space in Glasgow city centre and Washington Exchange can go some way towards addressing that.
“We have been working tremendously hard with our partners at Scottish Enterprise over a period of many months to ensure the site can be offered to potential occupiers, particularly those who would benefit from locating within the International Financial Services District.
“We are committed to making this project a success and have already been in discussions with parties interested in working with us to create a stunning development which will become a landmark location for Glasgow.”
Negotiations for funding are currently underway and a shortlist of developers has been drawn up.
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