DEVELOPMENT of a new neighbourhood at Glasgow’s canal can progress following a major land deal.
BIGG Regeneration, a joint venture between Scottish Canals and PfP Capital, has acquired 10 acres of land from Scottish Canals for residential development at Dundashill.
As part of the deal, BIGG has sold the adjacent Payne Street industrial trading estate and premises at 100 Borron Street to Scottish Canals,
On the banks of the Forth and Clyde Canal, Dundashill is the site of the former Diageo distillery which closed in 2011.
Scottish Canals, working alongside Glasgow City Council, BIGG and igloo Regeneration, which together form the Glasgow Canal Regeneration Partnership, subsequently acquired the brownfield opportunity, before securing planning permission in principle for a 600-home residential-led masterplan framework in 2017.
The transformation of the site started in 2018, with Scottish Canals awarding a £5.7million enabling works package, with funding support from the Glasgow City Region City Deal.
These works have now completed and in 2020 were awarded a Scottish Design Award, in recognition of the ambitious and confident decision taken by Scottish Canals towards investing in a landscape-led approach to brownfield regeneration.
BIGG’s land acquisition will enable the delivery of up to 260 of the new houses that will respond to the distinctive character of the rapidly changing Port Dundas neighbourhood, which is becoming known as a creative and urban sports waterside destination. A planning application is due to be submitted this month.
The asset sale of 100 Borron Street, previously known as Port Dundas Business Park, and Payne Street to Scottish Canals, also includes Glasgow’s indoor skatepark, The Loading Bay and Everyday Athlete gym.
This mix of office, industrial and commercial leisure spaces, provide Scottish Canals with a diverse portfolio and long-term income generation.
John Tatham, finance director at PfP Capital, part of Places for People, said: “The land acquisition from Scottish Canals was critical in our plans to bring the next phase of development forward at Dundashill.
“The transference of 100 Borron Street and Payne Street over to Scottish Canals will also allow us to focus entirely on future phases of development around Dundashill, safe in the knowledge that the assets will be well-managed with Scottish Canals being such an important, long-term custodian of the area.”
Catherine Topley, chief executive of Scottish Canals, said: “This dynamic new development will allow people to live and work in the area, adding value to north Glasgow through additional spend, job creation and improved public realm.
“It will also see the canal used to capture surface water run-off from Dundashill, in an environmentally innovative way to successfully make a positive impact on climate change in this part of the city.”