A 23-STOREY student accommodation tower is being proposed for a site beside Glasgow’s Broomielaw.
Student accommodation developer Valeo Management Europe, which operates the Liv Student brand, wants to deliver approximately 550 new student beds and a commercial unit at Carrick Street.
The project involves a brownfield site, currently home to the vacant headquarters of GAP Group.
The proposal will also preserve and incorporate the modern Glasgow City Mission building, which was previously slated for demolition under earlier development proposals and will ensure continued operation of the site by the charity.
A planning application is due to be submitted around the end of September. Work would start in 2026 following planning approval with a targeted entry date of August 2028.
Empowering Scotland’s property developers of every size, with funding solutions to help you rise.
Evolve Finance are a Glasgow-based commercial finance brokerage serving the UK, specialising in all types of property finance for Property Developers, Landlords and Investors and offering innovative finance solutions, they welcome complex cases and back their experience to add value to any project.
Here’s just some of their products that may be of interest.
Property development finance: For projects from £750,000 to circa £50,000,000, this facility is typically for the purchase and ground up development costs of new build residential projects, large residential refurbishment projects or commercial projects with the loan repayment coming from the sale proceeds or re-financing to a term loan.
Bridging Finance: This type of facility is typically used for projects ranging from £50,000 to £3,000,000, covering purchase and development costs of anything from one-bedroom flats to large commercial-to-residential conversions, as well as smaller new build developments like a single detached house or gap site projects of 6–12 flats.
Below Market Value Bridging Loans: Below-market-value bridging loans allow you to borrow up to 100% of the purchase price when the property’s purchase price is lower than its open market value, helping you maximise leverage opportunities and make the most of discounted property deals.
Buy Refurbish Refinance Rent: The Buy, Refurbish, Refinance, Rent (BRRR) strategy is a highly effective method that enables you to rapidly grow a substantial, cash-flowing buy-to-let property portfolio, helping you maximize your investment returns and build long-term financial security through property.
