Graham has started work on Glasgow’s Merchant City regeneration – a £62m “once-in-a-generation” project to deliver residential accommodation, offices, hotels and more

Leading regional construction company Graham has been appointed by Drum Property Group to deliver Glasgow‘s Merchant City regeneration. The £300m phased scheme combines residential accommodation, offices, hotels, restaurants, local amenities, landscaping, walkways and a new public square. The works will be completed in summer 2024.

A modern 17-storey structure with a range of studio, one-, two- and three-bedroom properties and penthouse apartments

Glasgow‘s Merchant City regeneration is bound by Hutcheson Street, Trongate, Candleriggs and Wilson Street and had lain derelict and inaccessible for more than a decade.

The 17-storey structure will accommodate 346 Build To Rent (BTR) residential units, comprising of a mixture of studio, one-, two- and three-bedroom properties, including six duplex penthouse apartments.

The Merchant City regeneration has been designed with modern features including a communal dining space, gym, business lounge and games room, associated public amenities, retail shells and car parking areas.

‘[We] will breathe new life and revive the Merchant City area of Glasgow’

Gary Holmes, Graham regional managing director (Building), commented:

“We are proud to be part of this once-in-a-generation opportunity at Candleriggs Square that will breathe new life and revive the Merchant City area of Glasgow. Work is progressing well on site already and, with a structure of this height, we are excited to see its construction develop as it rises into the skyline to become a welcome addition to the city’s landscape.

“Across Glasgow, we have consistently delivered exemplar projects in the Build To Rent and residential markets such as Base Glasgow for the Royal Conservatoire of Scotland and Scotway House. We will apply this technical expertise at every stage of the Candleriggs Square process to ensure the successful realisation of the joint vision of Drum Property Group and Stamford Property.”

The Glasgow’s Merchant City regeneration is the joint venture of developers, Drum Property Group and Stamford Property Investments

Graeme Bone, managing director of Drum Property Group, said:

“It represents a significant step forward in the long-awaited regeneration of one of Glasgow’s most prominent gap sites, driving forward the evolution of Candleriggs Square which has quickly established itself as one of Scotland’s largest and most important commercial and residential development sites. This will be a huge boost to the area and to local businesses. We can look forward to bringing back to life a very special area which has always been at the centre of Glasgow’s commercial and social development.”

Managing director of Stamford Property Investments Uri Goldberg added:

“Candleriggs Square offers an unprecedented regeneration opportunity for both the Merchant City and Glasgow city centre. We are committed to working in partnership with local people, groups and organisations throughout all stages of the development.”


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