Peel unveils latest designs for £100m Glasgow waterfront scheme
The latest designs for a £100 million mixed-use development which aims to create a major new leisure destination on the banks of the River Clyde have been unveiled by developer Peel Lifestyle Outlets.
Glasgow Harbour Lifestyle Outlet, which is the next phase of the city’s waterfront regeneration project, will be home to 193,500 sq ft of retail; 65,000 sq ft of food and beverage; and 99,800 sq ft of leisure space.
The designs were unveiled at an event held at the Radisson Red Hotel last week which launched the landmark development to professionals in Scotland’s property market.
A 3D model of the development will be available to view once Glasgow Harbour Lifestyle Outlets marketing suite opens later this year.
Peel said the development will create a vibrant shopping destination with a balanced combination of entertainment and experience as it becomes a major leisure attraction, while also delivering thousands of associated retail and construction jobs.
Adrian Wright, leasing director, Peel Lifestyle Outlets, said: “The latest designs alongside the 3D model really brings to life the luxury leisure and retail experience we are aiming to create for the people of Glasgow. It will offer an excellent mix of leisure and entertainment underpinned by an exciting retail offering, rejuvenating the waterfront and creating a real destination of choice for the city and the many tourist visitors it receives.”
With a strong focus on leisure, the development will add to the west end’s burgeoning waterfront, which already boasts multiple visitor hotspots such as Glasgow Science Centre and the Riverside Museum. The £100m investment will deliver retail stores, restaurants and cafes, a waterfront promenade, a new state of the art multiplex cinema, gym, family leisure facilities, public squares plus a major event space.
Savills and Johnstone Property were appointed as joint leasing agents following the submission of an Approval of Matters Specified in Condition planning application for the mixed-use development. Planning Permission in Principal was granted in 2008 to rejuvenate the 74-acre site, which is located within the Clyde Waterfront Regeneration Programme.
It is estimated that, once complete, the Glasgow Harbour Lifestyle Outlet could generate gross GVA of around £45 million per annum to the city’s economy. The development will create much-needed employment during construction and deliver a further 2,000 retail and leisure jobs when complete in 2021, according to a recent report by Amion Consulting, an economic impact consultancy.