DRUM Property Group has finished construction of 324 build-to-rent (BTR) apartments at central Glasgow’s Buchanan Wharf development.
The 280,000 sq ft Solasta Riverside complex, funded by for Legal & General Investment Management (LGIM), has been designed to meet the increasing demand for high-quality rental accommodation across Scotland.
It is the first of its kind to be completed in the city and features two 18-storey towers with facilities including a dedicated dining space, gym, residents’ lounge and games room plus a 4,250 sq ft communal roof terrace.
Drum’s Buchanan Wharf at Tradeston is an award-winning £500million mixed-use development within walking distance of Glasgow Central Station and the International Financial Services District, linked by the adjacent Tradeston Bridge.
Graeme Bone, group managing director of Drum Property Group, said: “This is another important milestone for Buchanan Wharf and the transformation of what was a large, neglected industrial brownfield site into a thriving commercial and residential community.
“The new apartments and facilities will bring an exciting dynamic to the area, making Buchanan Wharf a stimulating and attractive environment in which to live, work, and visit.”
Mike Powell, head of transactions, BTR, at LGIM Real Assets, added: “The delivery of 324 high quality, well-located rental accommodation is an important part of Legal & General’s regeneration activity in Glasgow city centre.
“The city has seen particularly low levels of residential development over the last 10 years and an increasing demand for high quality, well-located rental accommodation in the city centre.
“This acute supply and demand imbalance means the completion of our BTR development at Buchanan Wharf will bring a long-term sustainable rental scheme to Glasgow, meeting the demands of this vibrant and fast-growing city.”
The regeneration of Buchanan Wharf has been one of Scotland’s biggest ever building projects.
Solasta Riverside sits next to Barclays state-of-the-art northern Europe campus HQ, which opened in 2021.
When complete in 2023, the Clydeside site will encompass prime Grade A office space, residential accommodation, local amenities and landscaped public spaces.
Drum is currently constructing the final building, a 75,000 sq. ft. office HQ for The Student Loans Company, also forward funded by LGIM.