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Land Securities, the UK’s largest commercial property developer and the subject of several All Things Retail Development posts has been given approval to move forward with a $110 million retail and housing development in Glasgow city center. The development, consisting of 155,000 SF, will be anchored by US based Forever 21 (their first in Scotland), two other large stores (yet to be named), other retail, restaurants, and 49 housing units. Construction is expected to start immediately and will be completed in 2013.
Buchanan Galleries, another Land Securities project consisting of 4 floors and 600,000 sf is located adjacent to the project.
Land Securities has been grabbing many of the retail development headlines of late with their news of investment in various properties and their bullish outlook on the future of retail development.
To view the Land Securities press release:
For previous ATRD Posts:
Trinity Leeds Update: Tenant Spaces in Demand
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