Joint venture submits planning application for £205 million Glasgow development

The partnership of property firms is aiming to transform a space which has been left vacant since 2007Build-to-rent property developer Moda Living has partnered with investor Osborne + Co and construction company McAleer & Rushe’s investment division MRP to submit a planning application for a four-acre site at Lancefield Quay in Glasgow.If permission is granted, Moda Living will take the site through planning, delivery and into operation.The site is Moda’s second in Glasgow, but third in Scotland, forming part of its pipeline consisting of 18,400 homes worth a combined £6bn.The outline planning application has been submitted under the joint venture name of GDRI Europe (Osborne+Co and MRP) and Moda Living.It follows a public consultation which took place in February.Joint venture funds housing development on site of former Strathclyde Police headquartersbusinessInsiderScotland ‘not punching its weight’ in purpose-built rental flatsbusinessInsiderThe planned £205m Glasgow waterside urban village aims to transform a space which has been vacant since 2007, building around 730 new homes linked with the Scottish Entertainment Campus (SEC) and media quarter.