New Collegelands business and residential site to open in city centre
Council Leader Gordon Matheson, will open the first phase of a new business and residential village in the city today.
The city centre’s latest multi-million pound development, Collegelands, will be officially opened later on Thursday.
The site – which was the founding place of the University of Glasgow – takes up 1.1m square feet on the corner of High Street and Duke Street and will be used for both commercial and residential purposes.
Collegelands, latterly known as the College Goods Railway Yard, is Glasgow's first new city centre quarter in decades. The development has been created through a partnership between Glasgow City Council and Dawn Group.
Over 400 construction jobs were created during the first phase of Collegelands, with an impact of £80million for the city's economy.
The yard has lain derelict for 40 years and the first phase of the scheme includes 102,000 square feet of office space, which will be used by council staff from next Monday.
A student accommodation block for over 600 students opened in October and is already full.
In December, a 1220 space multi-storey car park opened and is run by City Parking, an arms length organisation.
Collegelands is expected to be a catalyst for further regeneration projects that will unlock the area's development potential.
The mini business village will also link to Glasgow's East End, which is also seeing major transformation through projects such as the M74 completion and the building of the East End Regeneration Route, the Commonwealth Sports Arena and Sir Chris Hoy Velodrome.
Councillor Gordon Matheson, the Leader of Glasgow City Council, said: "The Collegelands development has generated £80million of economic activity in the city, and the Grade A office space opening next week will become a symbol of the regeneration of this part of the city.
“This development breathes new life into a site that has historically been of great significance to Glasgow, and I look forward towards its continued transformation.”
The Council will receive an initial capital sum and then a profit share once the development is complete due to a deal negotiated a deal in 2006 with developer TDI Ltd (a joint venture company owned by Dawn Group with shareholding held by Chiltern Group) for the site.
The council has taken up a 25 year lease for 102,000 square feet of office space for use by several of its services and arms length organisations, (ALEO), as part of the 'tomorrows office' plan which will see 19 council buildings reduced to six.
The first of these to move into the building will be ACCESS, the council's ICT and property services ALEO and approximately 1000 council and ALEO staff will move in over the next few months.
City Building, Glasgow City Council's arm's-length construction company, carried out the fit-out of the office blocks and car park. This work has given the firm an opportunity to take on more than 20 apprentices, recruited via the council's Commonwealth Apprenticeship Initiative.
The office furniture has been manufactured at Royal Strathclyde Blindcraft Industries (RSBi) in Glasgow, one of Europe's largest supported factories, which employs around 240 people, more than half of whom have a disability.
Collegelands buildings have a red brick warehouse style with landscaping and a water feature on the south side of the development.
The boundary wall of the former College Goods Yard railway station on Duke Street has been retained, in a nod to the history of the site.