£500m masterplan unveiled for eastern Glasgow – Daily Business

A £500 million masterplan to generate new projects, hotels and hundreds of homes in the east of Glasgow has been unveiled by urban regeneration company Clyde Gateway.

The new Clyde Gateway Innovation initiative will transform 100 hectares – equivalent to 130 football pitches – with a number of shovel-ready projects already in the pipeline.

The masterplan is supported by Glasgow City Council, South Lanarkshire Council, Scottish Enterprise and key academic institutions including the University of Strathclyde, and was launched at the UK Real Estate Investment & Infrastructure Forum (UKREiiF) in Leeds.

It features commercial and industrial opportunities across high value manufacturing (HVM), R&D, healthtech and life sciences.

There is potential for one million sq ft of flexible business and commercial floorspace, innovation labs, sites for two hotels and residential development, all with direct access to existing low carbon heat networks and green infrastructure centred on the river Clyde corridor. 

Priority pipeline developments include Red Tree Labs, XWorks HVM, and the landmark Innovation Central building, a centrally-located anchor building providing flexible workspace and communal / event facilities underpinning the Clyde Gateway Innovation offer next to the River Clyde.

In Shawfield, Red Tree Labs will deliver flexible laboratory spaces that will be connected to the low carbon ambient loop heat network, addressing the growing demand for high quality research space in Glasgow, and which already benefits from detailed planning consent. 

In Dalmarnock, a 130-bed hotel adjacent to Dalmarnock train station with proximity to the Emirates Arena and Celtic Park is proposed as well as XWorks, a 40,000 sq ft High Value Manufacturing facility – with the detailed planning application for this being submitted last week. Dalmarnock Riverside will provide almost 80,000 sq ft of lab-enabled office space across two buildings with a focus on wellness and sustainability. 

A 150-bedroom hotel and 450 homes have been proposed for the redevelopment of the former Shawfield Stadium to create a mixed-use neighbourhood which has recently secured outline planning consent from South Lanarkshire Council, with additional commercial and residential development opportunities across the remainder of the masterplan area.

Since its inception, Clyde Gateway has already delivered thousands of homes, business premises and amenities such as Topgolf and Cuningar Loop Woodland Park, in addition to the significant investment in its ‘infrastructure first’ approach which includes two heat networks serving the Dalmarnock and Shawfield areas.

Martin McKay, chief executive of Clyde Gateway, said: “Clyde Gateway Innovation represents the next chapter in our nationally significant regeneration journey, one that will attract world-class talent, business and investment into Glasgow’s east end.”

Mark Robertson, partner at Ryden, which has supported the development of the Clyde Gateway Innovation proposition, added: “This is a market-facing, investor-ready opportunity in one of Scotland’s most compelling locations.”