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69/97 Ingram Street, Glasgow PRIME CITY CENTRE DEVELOPMENT OPPORTUNITY 69/97 INGRAM STREET, GLASGOW LONG LEASEHOLD/ MAY SELL On behalf of City Property (Investments) LLP LOCATION J18 RE NFR EW ST REET BUCHANAN J18 SAUCH BUS STATION T IEHALL E ST T RE CHARING E ET E R RE E NF CROSS T REW R S ST RE T ET K S N D BA A TH ST JAMES ROAD N ST B RE BUCHANAN A ET M L SA BUS STATION L U L CH BUCHANAN T IEHALL E O E ST GALLERIES T RE H CHARING E ET E WEST CITY OF GLASGOW R E REG CROSS T M8 EN R T COLLEGE S S TREET T K S N D BA A TH ET N ST T CATHEDRAL STREET B RE A ET RE WE M L S L T GE L BUCHANAN T ST ORGE E T TREE O ST E UNIVERSITY OF E GALLERIES S R EET E H TT E STRATHCLYDE WE R ST R S T RE PI AS M8 GEN S L T ST STR QUEEN EET G D D L U STREET E ST I VI ET OO NC F T DO ENT ST N W R RE EET N HANOVER STREET WE E ST GE R T T ST ORGE HS T TREE E ST E S E R E EET E YT TT E R R R S T PI T BL BO GEORGE AS TH S S WE WEST GEORGE STREET L J19 LL ST STRE QUEEN SQUARE G D ET N D L A U STREET E N ST VI I OO NC F A DO ENT ST N H W R EET N HANOVER STREET E C R T WA U HS TERL E B ANDERSTON OO E ST YT REET R T BL BO GEORGE THWE S LL T J19 STRE SQUARE T ET N E E A T E RE N E R INGRAM STREET A E PRINCES T ST R H S SQUARE E T C L S U L WATERL OP HIGH E B N ANDERSTON OO S H H TRE O STREET ET I ARGYLE C T ST N REET GLASGOW I T U T CENTRAL M WILSON STREET E E T E RE J E R A E PRINCES T R ST M R S O Y SQUARE E T E O L B OR S S Top 15 of Europe’s best performing financial centres. Glasgow has A L S RG E YL W E OP E W S N R TREE HIGH STREET K T H H A T O A T I T S S ARGY C GLASGOW L T LE TR O T ST N D S the third most important financial centre in the UK with a dedicated EE RE GLASGOW I ET S U AIRPORT N R E M T S CENTRAL R E 11 MINS S T ST TRONGATE E T T R ALBION STREET BELL STREET J E TONTINE LANE A R E International FinancialA Services District. R T E E C ST ENOCH M I O E T Y E A O T SHOPPING CENTRE B OR S A S RG ARGYLE E YL W E W S R T AM REE STREET K T J A T BR A T O T OMI S S ELA GLASGOW L T W The City benefits from a TR well-developedO transportation network that D S EE S AIRPORT N R E T S R E 11 MINS S T ST E T T R E A R enables excellent connectivity by road,E rail or plane. Edinburgh lies STOCKWELL STREET T E E C ST ENOCH RI I E VER T CANDLERIGGS CL A YD T SHOPPING CENTRE E only 45 minutes away by train, whilst London can be reached in a ARGYLE AM STREET BR J OOMI short one hour flight. By road,ELAW the M8 offers connections to Edinburgh in the east and GlasgowRI Airport in the west and provides easy STOCKWELL STREET VER CLYDE connections to the main motorway networks leading north and south. The population of Glasgow is around 621,000 persons and growth is projected to continue. The City sits at the heart of Scotland’s only Glasgow is served by two main railway stations, Central Station and metropolitan region of 1.8 million, while the population of the greater 69/97 Queen Street Station, and has the largest suburban rail network Glasgow conurbation is around 2.3 million. Glasgow has access to outside of London. Regular connections to London and major English 41% of Scotland’s entire population. INGRAM and Scottish cities makes travel throughout the UK easy. The City is one of the UK’s largest and most successful shopping Glasgow Airport is located just eight miles (13 kilometres) west locations. After London’s West End, it’s the first UK city for retail by STREET, of Glasgow City Centre with 30 airlines serving more than 150 comparison spend (tourists, workers and residents) (HDH 2017). The destinations worldwide providing direct flights to North America, Global Financial Centres Index (Sep 2018) ranked Glasgow in the GLASGOW Europe, Asia and the Middle East. Glasgow Airport is Scotland’s Top 50 of the world’s best performing financial centres and in the principal long haul airport. SITUATION Located close to the city centre in a prime Merchant City location, the surrounding area offers a cosmopolitan landscape with a variety of residential and commercial uses. The Merchant City is the cultural QUEEN STREET 1 heart of the city offering a vibrant music and cultural scene along with GLASGOW CENTRAL STATION an abundance of exciting eating and drinking opportunities. STATION BUCHANAN STREET Occupying a prominent frontage onto Ingram Street in the north, the site is bounded by Candleriggs to the west, Albion Street to the east and to the south by the City Halls and Old Fruitmarket. 2 5 The property is well located in terms of transport links with easy 8 access to the M8 motorway via junction 15, and all main railways stations are only a short walk away. ARGYLE STREET STATION 7 3 6 4 ARGYLE STREET 1. Buchanan Galleries 7. Candleriggs Quarter – Drum Property Group 2. St Enoch Centre and Stamford Property 69/97 Investment’s proposed 3. City Halls/Old Fruitmarket 850,000 sqft mixed use INGRAM 4. Merchant Square scheme. 5. George Square 8. 266/280 George Street STREET, – Chris Stewart Group’s 6. University of Strathclyde mixed use development GLASGOW Technology and including a 245 bed Innovation Centre Marriot hotel. SITE Accessed off Ingram Street, the site comprises a rectangular area extending to approximately 0.26 hectares (0.64 acres). The site Image copyright - 2008 comprises a mix of hardstanding and soft landscaping with trees Allan Murray Architects Ltd incorporated across the site. National Car Parks Ltd currently lease the site on a short term lease for use as a short stay public car park. PLANNING Glasgow City Development Plan was adopted on 29 March 2017. The new local development plan replaces Glasgow City Plan 2 (2009) and sets out the Council’s land use strategy providing the basis for assessing planning applications - See City Development Plan. The City Development Plan overarching policies CPD1 Placemaking and CDP 2 Sustainable Spatial Strategy encourage development to be informed by a place based approach, which means new development should be responsive to its context and seek to build upon the benefits of proximity. It is critical that new development is compatible with existing and future uses. The Planning Authority, AMA’s scheme of a development/use and scale/mass previously supported by Glasgow City Council in accordance with CDP 9 Historic Environment, will seek to ensure the appropriate protection, enhancement and management of the A prerequisite of all proposals will be the establishment of active historic environment. commercial ground-floor uses to activate the streets at pedestrian Historically the site was occupied by traditional tenement buildings 69/97 level. These include Class 1 (retail), Class 2 (professional and other and the surrounding Merchant City is still characterised by residential services) such as banks/dental practices etc. and Class 3 (food and living over commercial ground floor uses. A mixed-use development INGRAM drink) such as cafes, restaurants and bistros. is sought for the site to maintain the vitality and improve vibrancy This city centre site is a key development opportunity in close of this district of the city centre. Upper floor land uses which will be STREET, proximity to category A, B and C(S) statutory listed buildings and supported include residential, hotel, serviced apartments, office, located in the heart of the Central Conservation Area. cultural and leisure. GLASGOW (CONTINUES OVERLEAF) PLANNING (CONTINUED) Bidders shall be aware of the following detailed requirements for a mixed-use development proposal at this location:- City Development Plan policy and key supplementary guidance for interested parties to consider as part of the bidding process*:- • High quality contemporary and complimentary architecture will • The design of the commercial ground floor shall be fundamental be essential given the rich townscape character of the Merchant to the composition of the façade design and not as an • CDP 1 Placemaking City afterthought. • CDP 2 Sustainable Spatial Strategy • CDP 3 Economic Development • Scale and massing shall be informed through thorough • The successful development will be required to undertake • CDP 4 Network of Centres townscape analysis and proposals shall be predominantly 5 – 6 public realm works to the Council’s public realm standard • CDP 5 Resource Management storeys on Ingram Street and then transitioning to a lower scale around the perimeter of the site as part of the development on Albion Street and Candleriggs to mediate with the A-listed works.
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