Market Leads & Opportunities
Deal signed to deliver £100m wellbeing destination at Glasgow Waters
Global developer and operator of state-of-the-art wellbeing destinations Therme Group has signed heads of terms with Peel Land and Property for the location of its second UK project on a waterfront site in central Glasgow.Deal signed to deliver £100m wellbeing destination at Glasgow WatersThe project will be constructed on the Peel L&P 21.5-acre Glasgow Waters site adjacent to the Riverside Museum.Therme is aiming to submit a planning application for Therme Scotland to Glasgow City Council in 2022. The development is expected to be around 320,000 sq ft in size and to cost around £100 million to build. It will include a next-generation indoor water park, extensive thermal pools and spa, and a health and wellbeing centre. Additional elements of the project also include a vertical farm, which will enable sustainable and locally grown, nutrient-rich fresh produce to be available to the millions of guests that will visit every year.In addition to the vertical farm and botanical gardens, Therme is looking at how it can introduce renewable heat sources and is considering both geothermal energy and water source heat pumps.Plans also include a bridge across the River Kelvin, linking the Riverside Museum to Therme Scotland and expanding access to the Glasgow waterfront. A second bridge will be built by Glasgow City Council over the River Clyde, between Govan and Partick which will enable access for all communities.Therme Scotland will be Therme’s second wellbeing destination in the UK after the Therme Manchester £250+ million project, also on a site owned by Peel L&P.
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