Graham has begun construction of £62m Candleriggs Square project that is incorporated into the regeneration of Candleriggs Quarter in Merchant City district of Glasgow, Scotland.
Drum Property Group has appointed the construction firm as one of the contractors to deliver the £300m phased regeneration project, which bring together residential accommodation, offices, hotels, restaurants and local amenities, with landscaping, walkways and a new public square.
The project, which is slated for completion in summer 2024, involves the design and construction of a 17-storey structure that will accommodate 346 build to rent (BTR) residential units that feature a mix of studio, one-, two- and three-bedroom properties, including six duplex penthouse apartments.
This building will feature a communal dining space, gym, business lounge, games room, associated public amenities, retail shells and car parking areas.
The site location is bound by Hutcheson Street, Trongate, Candleriggs and Wilson Street.
This project site had been lying derelict and inaccessible for over a decade.
Graham regional managing director for building Gary Holmes said: “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.”
Joint venture developers, Drum Property Group and Stamford Property Investments are leading the 3.6-acre, phased regeneration programme.
Drum Property Group managing director Graeme Bone 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.”
Image: The project is slated for completion in summer 2024. Credit: Graham/Drum Property Group/Stamford Property Investments.