£100m Clydeside build-to-rent development gets green light

Detailed planning permission has been granted for a 498-apartment build-to-rent development on the banks of the River Clyde.The £100 million scheme, which sits on the Broomielaw, one of Glasgow’s major thoroughfares, is being delivered by developer and private rented housing operator PLATFORM_.Once completed, the development will offer a mix of high-quality studio, one, two and three-bedroom apartments for rent, spread across four blocks ranging from six to 20-storeys in height. In line with PLATFORM_’s previous projects, rents will be priced to be affordable to more than 50% of workers locally.The homes will be some of the first purpose-built for renting in Scotland, and sit alongside co-working spaces, a shared residents’ lounge, on-site concierge, roof terraces, fully kitted-out gym and games room. The Finnieston development is also only a three-minute walk from Glasgow’s financial district.PLATFORM_ expects construction to begin in the third quarter of 2019, with practical completion expected in 2021.Designed with Glasgow-based architects Keppie, the development forms part of a wider masterplan at the Clydeside Central Quay area, which includes 300,000 sq ft of office space and a 150-room hotel as well as new housing.The build-to-rent sector is expanding rapidly, with nearly 140,000 build-to-rent homes either completed, under construction, or in planning.