Illustration of the new £205m waterside neighbourhood in Scotland. Credit: McAleer & Rushe.

GDRI Europe joint venture (JV) and build-to-rent specialist Moda Living have submitted an outline planning application for a £205m residential development at Lancefield Quay, Glasgow.

The JV includes Osborne+Co and McAleer & Rushe’s property development and investment division MRP. Moda Living will develop and operate the site.

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The project will involve building 730 homes on a four-acre site to transform Lancefield Quay into a waterside residential community. The site is vacant since 2007.

The submission of the planning application follows a positive public consultation earlier this year.

Osborne+Co director and founder Conor Osborne said: “This application marks an important milestone for what we hope will be a truly transformational development for this area.

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“We have taken a strategic approach to these initial proposals and worked hard to ensure they align with Glasgow City Council’s wider regeneration ambitions to open up the waterfront and create a vibrant new location within the city.

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“Moda’s involvement in the site will help us realise this ambition to create a single fully integrated development and we are looking forward to continued discussion with the council.”

If the developers secure the planning approval, Moda Living will initiate detailed planning and delivery of the project.

This will be Moda’s second major project in Glasgow.

The company’s flagship development in Scotland, Moda, The McEwan, was launched in October.

Moda Living director Oscar Brooks said: “We are excited to have the opportunity to develop our vision for the Lancefield Quay site and to be working alongside Osborne+Co and MRP as we bring forward a long vacant site.

“This forms part of our wider strategy and integrated structure to enable us to deliver and operate thousands of high-quality homes per annum right across the UK.”

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The project will involve building 730 homes. Credit: McAleer & Rushe.