Drum completes 324 build to rent apartments at Buchanan Wharf

Drum completes 324 build to rent apartments at Buchanan Wharf

The development is known as Solasta Riverside

Drum Property Group has completed the construction of 324 Build to Rent (BTR) apartments for Legal & General Investment Management (LGIM) at Buchanan Wharf on Glasgow’s Clydeside.

Named ‘Solasta Riverside’, the 280,000 sq. ft. complex has been purpose designed to meet the increasing demand for high-quality rental accommodation across Scotland.

Made up of two 18-storey towers, Solasta Riverside houses a dedicated dining space, gym, residents’ lounge and games room. It also takes full advantage of its spectacular location overlooking the River Clyde by incorporating a 4,250 sq. ft. communal roof terrace.

Drum’s Buchanan Wharf is a £500 million mixed-use development within walking distance of Glasgow Central Station and the International Financial Services District - linked by the adjacent Tradeston Bridge.

Welcoming the completion of Solasta Riverside, Graeme Bone, group managing director of Drum Property Group, said: “This is another important milestone for Buchanan Wharf and the transformation of what was a large, neglected industrial brownfield site into a thriving commercial and residential community. The new apartments and facilities will bring an exciting dynamic to the area, making Buchanan Wharf a stimulating and attractive environment in which to live, work, and visit.”

Mike Powell, head of transactions, BTR, at LGIM Real Assets, added: “With a commitment to transform UK towns and cities, creating jobs and driving economic growth, the delivery of 324 high quality, well-located rental accommodation is an important part of Legal & General’s regeneration activity in Glasgow city centre. The city has seen particularly low levels of residential development over the last 10 years and an increasing demand for high quality, well-located rental accommodation in the city centre. This acute supply and demand imbalance means the completion of our BTR development at Buchanan Wharf will bring a long-term sustainable rental scheme to Glasgow, meeting the demands of this vibrant and fast-growing city.”

The regeneration of Buchanan Wharf has been one of Scotland’s biggest ever building projects. Solasta Riverside sits next to Barclays’ state-of-the-art Northern Europe campus HQ, which opened in 2021.

When complete in 2023, the Clydeside site will encompass prime Grade A office space, residential accommodation, local amenities and landscaped public spaces. Drum is currently constructing the final building at Buchanan Wharf - a 75,000 sq. ft. office HQ for The Student Loans Company, also forward funded by LGIM.

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