Market Leads & Opportunities
Drum announces joint purchase of Glasgows Candleriggs Quarter
Drum Property Group and Stamford Property Investments have today announced a joint venture to develop a “significant” mixed-use development site at the heart of Glasgow’s Merchant City following their successful acquisition of the site.Candleriggs Quarter, bound by Hutcheson Street, Trongate, Candleriggs and Wilson Street is recognised as one of the most important development sites in the city centre.Having lain derelict for over a decade, the site has an existing planning consent for around 850,000 sq ft of residential, student, hotel and commercial space with the potential to play a fundamental role in Glasgow’s continued economic growth.
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