£500 million investment revealed for Glasgow's east end
The plans include hotels, homes and office spaces.
We're being told 1 million square feet of opportunity is coming to Glasgow’s east end - as Clyde Gateway reveals a £500 million investment plan.
It's hoped the developments - including office spaces, two hotels and 450 homes - will turn Dalmarnock and Shawfield into hubs for jobs and business growth.
Clyde Gateway says the proposals will transform over 100 hectares - equivalent to the size of over 130 football pitches - of prime development land in Glasgow’s east end and South Lanarkshire.
They say the investment will turn the areas into "a dynamic, mixed-use ecosystem designed to create high-value jobs, deliver sustainable business growth and sustain increased inward investment."
It's supported by Glasgow City Council, South Lanarkshire Council, Scottish Enterprise and academic institutions including the University of Strathclyde.
Priority pipeline developments include Red Tree Labs, XWorks HVM, and the landmark Innovation Central building, next to the River Clyde.
In Shawfield, Red Tree Labs will deliver flexible laboratory spaces that will be connected to the low carbon ambient loop heat network, addressing the growing demand for high quality research space in Glasgow.
A 130-bed hotel adjacent to Dalmarnock train station with proximity to the Emirates Arena and Celtic Park is proposed as well as XWorks, a 40,000 sq ft High Value Manufacturing facility.
Dalmarnock Riverside will provide almost 80,000 sq ft of lab-enabled office space across two buildings with a focus on wellness and sustainability.
A 150-bedroom hotel and 450 homes have also been proposed for the redevelopment of the former Shawfield Stadium.
Martin McKay, Chief Executive of Clyde Gateway, said:
“Clyde Gateway Innovation represents the next chapter in our nationally significant regeneration journey, one that will attract world-class talent, business and investment into Glasgow’s east end."
“With a focus on high-growth sectors like advanced manufacturing, life sciences and clean energy, this masterplan reflects our ambition to create a place where innovation and community go hand in hand."
"We’re building a sustainable, scalable ecosystem that will support everything from start-ups and university spinouts to major employers, while continuing to deliver jobs, homes and opportunities for local people. This is about thinking globally and acting locally, and we’re just getting started.”
Victoria Carmichael, Director of Property, Growth Infrastructure & Major Projects at Scottish Enterprise, welcomed the vision:
“This ambitious new phase of the Clyde Gateway programme dovetails perfectly with our mission-based approach to transforming Scotland’s economy."
"By collaborating with key partners, it’s our ambition to help attract more investment to infrastructure focused projects and accelerate the creation of world-class industrial accommodation that will function as growth hubs for high-value sectors such as advanced manufacturing.”
Mark Robertson, Partner at Ryden, who have supported the development of the Clyde Gateway Innovation proposition, added:
“This is a market-facing, investor-ready opportunity in one of Scotland’s most compelling locations."
"The scale and diversity of development options, combined with excellent transport links, talent access and ESG credentials, make Clyde Gateway Innovation uniquely positioned to deliver both commercial returns and wider impact.”