The first phases of construction to transform the 3.6-acre site - bound by Hutcheson Street, Trongate, Candleriggs and Wilson Street - are now complete, creating a vibrant mixed-use community bringing together new homes, offices, hotels and local amenities.
The site has lain derelict and inaccessible for more than a decade. This is a once-in-a-generation opportunity to transform this empty space into the beating heart of a revived Merchant City and Glasgow city centre.
Joint developers Drum Property Group and Stamford Property Investments are now delivering this exciting vision. Construction of the first and second phases, the 500-room Social Hub and a 346-apartment complex for Legal &General, have now completed. Watch this space for further news on the final phase of development at one of Glasgow's key regeneration projects!
The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City is continuing apace following the completion of the second major building on the site – a 346-homes build-to-rent scheme, forward funded by Legal & General (L&G).
Main contractor GRAHAM Construction has delivered the practical completion of the £81.5 million scheme, allowing L&G to progress with the internal fit-out of the building before the first residents move in later this summer.
“The development will return Candleriggs Square to what it always was – a bustling market-place full of life, vitality and interest and intrinsically linked to the rest of the city centre, bringing with it a significant and timely boost for both the local and national economy.”
“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.”
“I am thrilled that the first The Social Hub in the UK is now in Scotland and that our brand has finally come home. Candleriggs Square, in the very heart of Glasgow's historic Merchant City, provides us with the perfect location.”
“Glasgow needs a city centre that is an attractive place to live, work, study, visit and invest – and the regeneration of Candleriggs Square will play an important role in delivering on all of those aims.”