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Drum Property Group purchase Glasgow’s Candleriggs Quarter

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March 15 2019

Drum Property Group purchase Glasgow’s Candleriggs Quarter

Drum Property Group has formed a joint venture with Stamford Property Investments to take forward a mixed-use development at Glasgow’s Candleriggs Quarter.

The stalled city centre site is bounded by Hutcheson Street, Trongate, Candleriggs and Wilson Street and carries consent for 850,000sq/ft of residential, student, hotel and commercial space.

Graeme Bone, group managing director of Drum Property Group said: “We are pleased to be working in partnership with Stamford to acquire such an exciting and significant site. 

“Securing Candleriggs Quarter provides an exciting opportunity to transform this neglected part of the city centre and complete the regeneration of Merchant City.

“We are looking forward to preparing proposals for a sensitive mixed-use development that will have a variety of high-quality residential accommodation and amenities at its heart.”

Drum are already in process of delivering a significant mixed-use scheme at Buchanan Wharf.

15 Comments

Billy
#1 Posted by Billy on 15 Mar 2019 at 11:13 AM
Will anything ever get built on this prime site? Or will it be sold on again? Lets hope it’s something ambitious like the last proposal but that it actually gets built,
Partick Bateman
#2 Posted by Partick Bateman on 15 Mar 2019 at 11:26 AM
The site's been derelict since at least 1999 - 20 years! So don't hold your breath, I suspect it'll remain banked for another 20. If only there was something the authorities could do to discourage this kind of behaviour.
Charlie_
#3 Posted by Charlie_ on 15 Mar 2019 at 11:38 AM
At least Drum have a history of building major projects unlike 'inhabit' so this is cause for hope. Who 'Stamford property' is I've no idea, however.
Asimov
#4 Posted by Asimov on 15 Mar 2019 at 12:06 PM
This site is doomed. Fingers crossed for Drum, please impress us with something more inspiring than previous scheme.

Glasgow have been recently mentioned as one of the best cities to visit in the world (alongside Manchester :) Wishing Glaswegians all the best, I can only point out how the world moved on leaving UK behind - below is the example of latest greenlighten regeneration scheme In Warsaw by BIG:
https://www.youtube.com/watch?v=GsxciqJii2k

Seriuously, what is the problem with Glasgow? Weather? People? Lack of imagination? Can't really figure it out how much potential is being flushed down the drain day by day.
Alan
#5 Posted by Alan on 15 Mar 2019 at 13:32 PM
Stamford Property is I understand the original Goldberg family
David
#6 Posted by David on 15 Mar 2019 at 13:42 PM
#4, I think that's a little harsh, yes there is improvement to be made in Glasgow, but I do think that certain schemes are currently being put forward that have the right ambition, such as the Charing Cross linear park to cover the M8 motorway.

Glasgow will not realise its full potential until local authority boundaries are reorganised to truly reflect Glasgow's importance and size of 1.5million people, 25% of the Scottish population. The city's public transport also needs overhauling. The government seem to be more obsessed with investing heavily in our historical capital and second city, despite it being a third of the size of Glasgow. Not the best way to take forward the Scottish economy...they need to look to other similar sized European cities such as Marseille, Bilbao, Hamburg or Milan to develop the best strategy to take Glasgow forward.
Skaivan
#7 Posted by Skaivan on 15 Mar 2019 at 13:47 PM
Fantastic news that this same has gone through, I had heard this was happening. Great to hear Drum Property are taking over the site, they will get things moving!

Really really positive stuff happening all across Glasgow and across all the genres of offices, hotels, housing and industrial. What a difference a year makes. Onwards and upwards!
Asimov
#8 Posted by Asimov on 15 Mar 2019 at 15:13 PM
#5 David, the rumour is M8 linear park is dead in the water, co back to square one. What mentioned cities have in common? Iconic architecture, which Glasgow actually lacks. Leaving heritage taliban aside, what defines Glasgow is it's shady opinion. Why bother when 'people makes it', so let's close the city centre to shoot another cheesy blockbuster or organize Buckfast fuelled 'festival' in the park. Where's the audience voicing demands of anything more ambiotious? Happy to see some movement on this brownfield, however expect another 'cut any corner' approach of cheap recycling scheme. C'mon Drum!
wonky
#9 Posted by wonky on 18 Mar 2019 at 12:58 PM
#8 Assimov- you say 'Iconic architecture, which Glasgow actually lacks'- so Charles Rennie MacKintosh doesn't exist in your universe? Greek Thomson's masterpieces? Is the Kelvingrove Art Gallery not iconic? City Chambers? Glasgow University building? Mitchell Library? JJ Burnets Charing Cross mansions or his Clyde port building? The Merchant City is crammed with 'iconic' architecture by the likes of Robert Adam and David Hamilton- never mind the Victorian-Edwardian historical core, described by John Betjeman as the greatest Victorian city in the world- in what world is Hope Street looking down to Central Station or St Vincents street or Ingram Street crammed with masterpieces of architecture not 'iconic'? What of James Salmon? Coia, Kidd & Gillespie? James mIller? Honeyman? Leiper? They're all mediocre I assume? Not to mention the so-called 'iconic' starchitecture down at the riverside with the Armadillo & riverside museum? Do you practice architecture- if so what are your inspirations & definitions of what 'iconic' is? In my world Glasgow has a larger repository of great architecture than Marseille, Bilbao, Hamburg- not diresepct to any of those great city's- but Glasgow was in a unique position when it designed & constructed all those architectural treasures in that it was, in the words of MVRDV's Winy Mass termed 'the Dubai of the Victorian age'.
David
#10 Posted by David on 18 Mar 2019 at 16:47 PM
Well said Wonky. Although sadly what we will likely get on this significant site will be of a very different quality to it's Victorian neighbours.
Charlie_
#11 Posted by Charlie_ on 20 Mar 2019 at 12:48 PM
Im guessing Asimov meant iconic modern architecture? Which aside for a few second rate attempts at starchitecture strewn randomly across our tarmac dominated river is undoubtedly a fair charge.
wonky
#12 Posted by wonky on 21 Mar 2019 at 11:35 AM
Fair do's if that is the case Charlie, I apologise, if so. I can't say I'm any great fan of the Riverside Museum. I do like the Chipperfields BBC studios, despite its sterility. Fosters Armadillo & Hydro are impressive, as is BDP's Science Centre, all fairly close together, but still 'strewn randomly across our tarmac dominated river', unfortunately, as you say. I like the Spectrum building, Page & Park's Theatre Royal foyer, Homes for the Future. Steven Holl's Reid Building, is again a little sterile, but plays inventively, sensitively even, with the older forms in the structure- there's also 3D Reid's Emirates & Velodrome or even the Cineworld (haha), amongst the sea of corporate banality in the 'IFSD' district. TO be fair there is quite a lot of iconic modern architecture but its scattered quite a lot across the city, and no quite as concentrated as other city's like Bilbao or Hamburg or even Oslo- maybe, just maybe, the 'New Broomielaw' will be that missing 'iconic' contemporary link & 'gateway hub' to the city centre?
Charlie_
#13 Posted by Charlie_ on 21 Mar 2019 at 15:05 PM
The MVRDV inspired indicative masterplan certainly suggests that's the aspiration! What an image-changing introduction to the city for visitors arriving via Central station or the kingston bridge that would be. As Asimov said, all the potential is there waiting for that kind of ambition and vision to realise it - we live in hope.
Joe King
#14 Posted by Joe King on 26 Mar 2019 at 18:34 PM
COOPERCROMAR are the Architects
Charlie_
#15 Posted by Charlie_ on 5 Apr 2019 at 10:55 AM
Please tell me you're joking, Joe?

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