£205MILLION Riverfront Build-To-Rent Neighbourhood Gets Planning Approval

13 December, 2022 | Major Developments, Clyde Riverfront

GLASGOW City Council has granted outline planning permission for a landmark residential development at Lancefield Quay on the city’s waterfront.

A four-acre brownfield site that has been vacant since 2007 will be transformed into a community with around 730 homes.

It will be delivered in partnership by build-to-rent (BTR) pioneer, Moda Living and GDRI –- a joint venture between developer and investor, Osborne+Co, and MRP, the development and investment arm of McAleer & Rushe.

Moda Living will now work closely with the council and key stakeholders to take the site through the detailed planning stage, delivery and into operation.

As Moda Living’s second BTR development in Glasgow — Holland Park is set to complete in in the third quarter of 2023 — the £205m Lancefield Quay neighbourhood will also feature best-in-class resident and public amenities, as well as landscaped public spaces.

There will be an on-site gym, co-working hubs and units earmarked for commercial purposes.

It will take Moda’s Glasgow operations to 1,163 homes, and total investment to £330million into the city.

Lancefield Quay will target three-star Fitwel certification –- the top level of recognition from the world’s foremost healthy building accreditor –- and will aim to run on 100 per cent renewable electricity.

Moda Living managing director Tony Brooks said: “With all the fundamentals we look for in a long-term city partner, Glasgow has immense potential for Moda Living and we are thrilled to have been granted outline permission for this key waterside site.

“Lancefield Quay will provide 730 new homes for rent to Glasgow, at a time when supply of good quality rental accommodation is at an all-time low, and we look forward to working with our delivery partners and Glasgow City Council to deliver a neighbourhood that will benefit its surrounding communities and the wider city for the long term.”

Stephen Surphlis, managing director of MRP, said: “The granting of outline planning permission for Lancefield Quay is a very significant milestone in the delivery of this exciting new project which will regenerate this historic and important area of Glasgow.

“Complementing the council’s strategy of a sustainable, inclusive and diverse society, Lancefield Quay will provide well-designed, modern homes that will add to the vibrancy of the city centre, enhancing community integration and supporting economic regeneration.

“MRP has a proven track record of delivering important development projects in Glasgow and in many other cities throughout the UK, and we are looking forward to working in partnership with Moda Living and Osborne+Co on Lancefield Quay to bring this transformational project to life.”

Conor Osborne, director and founder of Osborne+Co, said: “Lancefield Quay represents a truly transformational site that, alongside MRP and Moda Living, we are very proud to reinstate as a destination of choice for people in the city.

“Glasgow’s waterfront is iconic, and intrinsic to its future is ensuring that the location remains relevant, which Lancefield Quay will enable with attractive rental opportunities.

“We’re looking forward to watching Moda bring the scheme to life as it continues the positive relationships we’ve established with the local authority and community alike.”

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