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March 24, 2013

Land Securities opens Buchanan Street retail development in Glasgow

Property firm Land Securities has opened a new £61m shopping development on Buchanan Street in Glasgow, Scotland, UK.

By admin-demo

Buchanan Street retail development in Glasgow

Property firm Land Securities has opened a new £61m shopping development on Buchanan Street in Glasgow, Scotland, UK.

The 115,000ft² retail scheme at 185-221 Buchanan Street features 49 apartments, nine shops, cafes and restaurants.

The scheme, which stands opposite Land Securities’ Buchanan Galleries, is part of the Buchanan Quarter development.

Buchanan Street development was constructed by Balfour Beatty as part of a design-build contract secured from Land Securities in November 2011.

International brands Forever 21 and Vans have opened their first Scottish stores within the new centre alongside other stores including Paperchase, Evans Cycles, Fat Face, Skechers, Office, Watches of Switzerland and Gap.

The development follows the launch of Land Securities’ £378m Trinity Leeds, the 1 million ft² shopping centre in Leeds’ city centre, designed by architects Chapman Taylor.

Scotland Deputy First Minister Nicola Sturgeon said the project helps to ensure sustainable economic growth for Scotland and provides employment opportunities for the people in the region.

"This government is using every lever at its disposal to invest in infrastructure and get our economy moving," Sturgeon added.

"We are on track to invest £3.1bn in this year alone and support investment of more than £10bn over the spending review period."

In October 2012, the Scottish government approved Glasgow City Council’s plans to borrow £80m to fund a £390m scheme to regenerate a large section of Glasgow city centre.

As per the scheme, Buchanan Quarter, Cathedral Street, George Square and Upper Dundas Street will be redeveloped for Glasgow 2014 Commonwealth Games.


Image: In January 2012, Land Securities has secured four retailers for Buchanan Street development. Photo: Land Securities.

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