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Rental demand hastens the demise of Charing Cross office block

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August 27 2020

Rental demand hastens the demise of Charing Cross office block

Multi-occupancy housing specialists Watkin Jones have alighted on a Glasgow office block for their next build to rent venture, after acquiring Portcullis House from Mapeley Investment Group.

The dated block will be demolished from April next year, following the expiry of the current tenant lease, to free up the site for a new build development of 750 apartments including a co-working hub and amenity space.

Watkin Jones Group investment director Alex Pease commented: “The site is located in a prime urban location within the business district with excellent access to amenities and local transport links. The transaction demonstrates our positive outlook for the Build to Rent sector across the UK.”

The island site provides a development opportunity stretching to 0.33 hectares with initial feasibility studies having already been undertaken by Cooper Cromar for full-scale redevelopment, although this is not expected to complete before 2024.

The development bid follows the demolition of a twin system-build block on the other side of India Street.

Built in the early 1970s Portcullis House extends to approximately 99,782 sq ft over lower ground, ground and 6 uppers floors
Built in the early 1970s Portcullis House extends to approximately 99,782 sq ft over lower ground, ground and 6 uppers floors
The island site covers 0.826 acres
The island site covers 0.826 acres

4 Comments

Billy
#1 Posted by Billy on 28 Aug 2020 at 05:48 AM
Good riddance to this eyesore. Remember there was talk a few years ago of having a mini Manhattan on this site. Let's hope we get a bit of height here.
The Bairn
#2 Posted by The Bairn on 28 Aug 2020 at 12:44 PM
Birds eye view of City seems to have relocated Queen Street railway station.
Don't believe everything you see on architects plans.
Andrew Brown
#3 Posted by Andrew Brown on 30 Aug 2020 at 03:09 AM
If you are talking about having 750 apartments then the new development is going to be higher taking into parking also.
grant thomson
#4 Posted by grant thomson on 3 Sep 2020 at 10:30 AM
its a perfect area for some decent looking highrise buildings instead of 6 or 8 storey run of the mill builds it is glasgow city centre and not everyone hates high buildings tall would look great there.

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