Market Leads & Opportunities
Artisan unveils £90m hotel and leisure quarter plan for Glasgows waterfront
One of Glasgow’s most significant waterfront development sites is set to be transformed into a thriving hotel and leisure quarter following outline plans unveiled by Artisan Real Estate Investors.The investment partnership, which is driving Edinburgh’s New Waverley project, has submitted a pre-application notice to Glasgow City Council to develop the Custom House site, which links the city’s famed Buchanan Street with the River Clyde waterfront.The £90 million plan spans a development area of 2,700 sq.m. and includes the historic sandstone Grade A-Listed Custom House and its former stable block, together with two adjacent tenement buildings straddling the corner of Clyde Street and Dixon Street.Artisan purchased the site in August 2017 and agreed a leasing deal with the Dalata Hotel Group in November to bring Scotland’s first Clayton Hotel to the Custom House – a four-star development including 300 bedrooms, a bar, restaurant and conference facilities. A 150-room aparthotel is also planned for the adjacent tenement buildings, together with street level bars and restaurants.The Custom House project will be delivered by Artisan St. Enoch Quarter Limited, a subsidiary of Artisan Real Estate Investors. Architects will be Glasgow-based Sheppard Robson. Following an ongoing consultation exercise, a detailed planning application is expected to be submitted in spring 2018 with a completion date set, subject to planning, for mid-2020.
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