The largest available development site in the city centre of Glasgow, at 20 India Street, has come to market.
Extending to 1.28 acres, it was previously home to Nye Bevan House - used by Strathclyde Regional Council and then by Glasgow City Council - which was demolished in 2015, with the site cleared to make way for new development.
CBRE is marketing the site on behalf of City Property Glasgow Investments, which owns and manages a portfolio around of 1,800 commercial properties in the city.
Initial feasibility studies have been undertaken by architects Hawkins Brown, highlighting a range of redevelopment opportunities.
It is located yards away from Charing Cross railway station and in close proximity to developments including Scottish Power’s 220,000 sq ft headquarters, Starwood Capital’s 172,000 sq ft St Vincent Plaza development and Moda Living’s build-to-rent development on the former Strathclyde Police headquarters.
CBRE sold the adjacent Portcullis House at 21 India Street in 2020 on behalf of Mapley, which is due to be demolished for redevelopment. It was purchased by Watkin Jones, which plans to create a new build-to-rent development, subject to planning.
Andy Cunningham, head of advisory and transaction services at CBRE Scotland, said: “20 India Street offers a rare chance to secure the largest development site in one of Glasgow’s best-connected locations.
“It is a major opportunity for a developer to create a new sense of place in an area with so much potential.
“We anticipate a huge level of demand, likely from residential, student accommodation and office developers, now the site is available.”
Allan McDonald, asset maximisation manager at City Property Glasgow, added: “This area of the city has seen major investment over the last few years, and it is anticipated that this site will attract substantial interest from developers.”
Offers are invited for a long leasehold or heritable title in the site.
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