Savills plc

11/23/2021 | Press release | Distributed by Public on 11/23/2021 05:17

Savills appointed to find partner for new mixed use quarter and innovation zone at University of Glasgow

This project forms part of the University's £1 billion Campus Development Programme, which is expanding its campus to include a new 14-acre site in the heart of Glasgow's West End. The programme has completed one building, the James McCune Smith Learning Hub, with three buildings currently in development: the ARC (Advanced Research Centre), Clarice Pears Building for the Institute of Health and Wellbeing and the Adam Smith Business School and Post Graduate Hub, surrounded by high quality public realm and infrastructure enhancements.

The University achieved Planning Permission in Principle in 2017 for up to 600,000 sq ft (55,742 sq m) of commercial accommodation forming the potential initial seed assets of the JV including an Innovation Zone, student residences, retail and leisure, hotels, service

apartments and commercial accommodation, with further other significant development sites also likely to be available for development over the next decade.

Bruce Patrick, director in the development team and head of Savills Glasgow office, comments: "This is an outstanding opportunity to partner with the University of Glasgow to deliver a scheme that will provide an exciting, unique new destination in the West End and also enable the University in the delivery of wider strategic objectives. The Innovation Zone will support a new eco-system and engine for growth in the Glasgow City Region, contributing through new sectors, clusters and industries to the prosperity and well-being of the city."

A University of Glasgow spokesperson said: "We are pleased to be able to move forward with the next phase of our landmark Campus Development Programme, by seeking a Joint Venture Partner to help us realise our objective to create a world class learning and research environment that offers an outstanding student and staff experience on our new Western campus.

"This will be an accessible and welcoming gateway onto the western campus, with facilities to promote engagement with industry and academic partners, as well as the public.

"Under these proposals, the University will develop an Innovation Zone to incubate research and development partnerships, as well as space for spin-out and academic-industry collaboration. It will also include high-quality residential and commercial opportunities, which will complement and enhance our vibrant campus.

"We look forward to working over coming months to develop our partnership and proposals."

The University is now progressing the opportunity through Public Contracts Scotland and parties should register through this portal for further details and information about the project.