The University of Strathclyde has been given the green light by Glasgow city planners in Scotland to create an £89m technology and innovation centre (TIC), and is inviting bids from the industry.
Construction firms Bam Construct, John Sisk and Son, Morgan Sindall and Sir Robert McAlpine are expected to bid for a single stage design and build contract, which is likely to be worth about £60m.
University of Strathclyde professor Jim McDonald said last week that the scheme would attract 'major inward investment to the city,' create jobs and help businesses compete on the world stage.
Designed by architects BDP, the 25,000m² building will house up to 1,200 researchers from the university and its partners from both the public and private sectors.
A 5,000m² Industry Engagement Building located adjacent to the university's TIC will be built to accommodate around 500 occupants.
The University of Strathclyde said the centre will be the first of its kind in Europe and will become the cornerstone of the International Technology and Renewable Energy Zone (ITREZ), Scotland's hub for global green energy developments.
The centre will be spread across an area of 100 tennis courts and will be built at the junction of George Street and Albion Street in Glasgow.
The Scottish Funding Council is contributing £15m to the project, while Scottish Enterprise will provide £11m as part of the ITREZ project, and the university is contributing £57m through its European Investment Bank loan facility.
Advanced works to prepare the Merchant City site are expected to begin in early March with the completion date for the centre estimated to be early 2014.
Image: The centre will be the first of its kind in Europe and will become the cornerstone of the International Technology and Renewable Energy Zone. Photo: University of Strathclyde.