A £150MILLION regeneration masterplan for Shawlands Arcade on Glasgow’s Southside has been approved by city councillors.

Glasgow’s planning applications committee has given planning permission in principle for a residential-led, mixed use redevelopment with around 650 flats and retail floor space of circa 52,500 sq ft across two phases of development.

Public realm enhancements and children’s play space is proposed with improved pedestrian access through the site.

Detailed planning permission will still be needed.

There were 69 objections, including from several local councillors and Shawlands and Strathbungo Community Council. There was also a 365-signature petition objecting and 51 letters of support from members of the public.

Permission was given on a cast vote. A number of councillors had been in favour of a site visit before coming to a decision.

City planners had recommended approval in their report [PDF] to councillors.

The proposals are being brought forward by the arcade’s owners, Clydebuilt LP, which is a property investment and development fund co-owned by Strathclyde Pension Fund and Ediston Real Estate.

An independent economic impact assessment has been submitted as part of the application and confirms that the planned £150 million investment into Shawlands will enable the replacement of a key town centre asset and prevent it from falling into dereliction.