Market Leads & Opportunities
Glasgows Portcullis House site sold for new Build to Rent project
Developer and manager of residential property for rent Watkin Jones has completed the purchase of Portcullis House in Glasgow from Mapeley Investment Group Limited.Located at 21 India Street in the city centre, Portcullis House occupies a substantial site of 0.826 acres. Watkin Jones will redevelop the site to deliver a new Build to Rent scheme comprising circa 750 units. Plans for the new scheme include a co-working hub and communal amenity spaces.The office building is currently let to The Secretary of State for Housing, Communities and Local Government until April 2021. The new development will form an important part of the renewal of the western part of Glasgow city centre and is set for completion in 2024.CBRE represented vendor Mapeley Investment Group Limited whilst Lambert Smith Hampton acted for purchaser Watkin Jones.
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