Case Studies

Central Quay, Glasgow

Glasgow, G3

  • Major Residential led mixed-use development site
  • Acquired for Summix Capital
  • Site area approx. 4.43 acres (1.79 ha) plus office building

Description

Scarlett were instructed by Summix Capital to negotiate the acquisition of this 4.43 acres (1.79 ha) mixed-use development site and 80,000 sq.ft Office.

The site benefitted from PPP for a mixed-use development scheme to include PRS with family housing, affordable office space, PBSA and commercial space.

Subsequently, Summix have obtained detailed planning permission for 930 PBSA beds and 410 Private For Sale Residential Homes.

Scarlett have assisted Summix in the negotiation of a back to back sale of the 930 PBSA beds to an operator/developer.

Scarlett, together with joint agent Avison Young are instructed to market the 410 Residential homes.

 

Client

"Scarlett’s connections into the Glasgow and Edinburgh markets have opened up a number of opportunities on both the acquisition and divestment side of our investment strategy. They hold an acute understanding of the complexities of real estate transactions and his input and advice on those sensitivities have been extremely valuable to Summix investments in Scotland."

Barry Rankin, Head of Responsible Investment - Summix

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