ReGlasgow

FURTHER Consultation Over Broomielaw Student Plan

27 August, 2024 | News

UPDATED plans for student accommodation-led development beside Glasgow’s Broomielaw are being brought forward for more consultation.

Members of the public are being given a second opportunity to offer their thoughts on the Carrick Street proposals.

Student accommodation developer Valeo Management Europe, which operates the Liv Student brand, wants to deliver approximately 500 new student beds and a commercial unit.

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 for the site and will ensure continued operation of the site by the charity.

Members of the public will be able to view the proposals on Tuesday 10 September between 3pm and 7pm at Box Hub, Axiom Building (50 Washington Street, Glasgow, G3 8AZ).

David Saunders, managing director of Valeo Management Europe, said: “We are delighted to bring forward plans for new purpose-built student accommodation in Glasgow City Centre.

“The Broomielaw and wider River Clyde Waterfront is undergoing significant transformation, and we hope that our plans will go some way to supporting this transition as well as providing much-needed student rooms in Glasgow.

“We look forward to engaging with local residents and other interested parties over the coming months as we develop our exciting new plans for Carrick Street.”

Project website

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 Developer Finance in Scotland: 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.

Bridge Finance in Scotland: This 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.

Auction Finance: Auction finance offers a fast and flexible solution for funding residential, commercial, or land purchases. It is specifically designed to help buyers meet the tight 28-day completion window typically required when securing property through auctions.

Limited Company Buy to Let Mortgages: Explore our award-winning Limited Company Buy-to-Let Mortgages, designed to meet the needs of both single-property landlords and those with larger portfolios. We offer flexible solutions to help you grow and manage your investments with ease.

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