Drum Property Group purchase Glasgow’s Candleriggs Quarter
March 15 2019
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.