A former police headquarters in Strathclyde is to be redeveloped into one of the country’s largest built for rent projects in one of the UK’s most significant post-Brexit vote property deals.
Private rented housing specialist Moda is pressing ahead with the £105m development of homes in what will be one of the UK’s most significant post-Brexit property deals.
Moda has engaged HAUS architects to transform the full Glasgow block complex on Pitt Street creating 365 flats with over 20,000 sq ft of ground floor commercial space.
The site, which is Moda’s fist in Scotland, is close to the Royal Concert Hall and Glasgow’s ‘theatreland’ district.
Oscar Brooks, head of acquisitions for Moda, said: “The old Strathclyde Police headquarters is a fantastic site right in the heart of Glasgow, and matches our vision of delivering high-quality housing for rent in city centre locations across the United Kingdom”
The land deal follows new s that Moda has secured planning for an £82m tower dubbed ‘The Lexington’ in Liverpool for 304 apartment as well unveiling plans to transform a 0.77-acre site in Birmingham city centre into a £145m premium rental development of 450 apartments. Both will be fully funded by Apache Capital.
Moda has to date secured a PRS development pipeline of over 5,000 apartments with an end gross development value of more than £1bn.
Schemes are planned in other prime city centre sites such as Birmingham, Liverpool, Leeds, London, Manchester and more. Moda continues to actively seek sites across the UK aspiring to become a nationwide market leader in the sector.
from Construction Enquirer http://www.constructionenquirer.com/2016/10/31/former-glasgow-police-hq-set-for-105m-prs-scheme/
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