Council planners have granted BAM Construct and Taylor Clark Properties planning permission to begin construction on the £100m Atlantic Square development in Glasgow.
The development, on a key site in the middle of Glasgow’s International Financial Services District, will comprise two commercial buildings of 10 storeys (180,000 sq ft) and six storeys (80,000 sq ft) respectively, with ground floor retail space in both.
A third building will comprise retail and residential accommodation.
BAM Properties development director Michael Smart said: “This is a strategic alliance between Taylor Clark, which owns the site, and BAM as a developer and contractor with a substantial track record in bringing attractive sustainable developments to the market.
“This project builds on our positive experience at our CONNECT110NS development in Queen Street. We have carefully researched the supply pipeline and have identified a strong undercurrent of demand from top grade companies and organisations. Together, we will create a state-of-the art development that will meet the requirements of forward thinking business tenants and investors.”
Taylor Clark Properties managing director Jon Brand commented: “A lack of Grade A space is limiting investment in the city and with rents stabilising we believe the time is right to combine our expertise to deliver this striking mixed use development.”
The design of the new development was undertaken by architects Cooper Cromar and will include the retained facade of the listed warehouse buildings on the site that were built in the early 20th century.
The value of the completed development is estimated to be more than £100m and its creation will support up to 2,750 jobs.