The investment partnership behind UK BTR operator Get Living has secured planning consent for Scotland’s largest build-to-rent (BTR) scheme to-date representing an investment of £200 mln (€223 mln).
The plans will see a derelict 7.5-acre site in the historic heart of Glasgow transformed in to a new residential neighbourhood of 727 new build-to-rent homes, a new public square, 99 student studios and 3,365 m2 of space for retail, leisure, food and drink and commercial business.
Work on the first phase of the development is expected to start in 2019, subject to building warrant.
This new district for Glasgow will be operated and managed by Get Living, one of the UK's most established operators in the Build to Rent sector, operating more than 2,000 homes in London.
Rick de Blaby, Executive Chairman, Get Living said: 'We welcome the decision by Glasgow City Council to grant consent for our neighbourhood and believe it will bring much needed, in-demand, high-quality homes for rent to the heart of the city.'