Outline planning permission for £205m Lancefield Quay build to rent development
Glasgow City Council has granted outline planning permission for the landmark Lancefield Quay development on the city’s waterfront that will transform a four-acre brownfield site that has been vacant since 2007 into a build to rent (BTR) community.
Delivered in partnership by Moda Living and GDRI, a joint venture between developer and investor Osborne+Co and McAleer & Rushe development and investment arm MRP, the new development will create 730 much-needed homes for the city.
Moda Living, the BTR developer and operator, will now work closely with the council and key stakeholders to take the site through detailed planning, delivery and into operation. As its second BTR development in Glasgow, with Holland Park set to complete in Q3 2023, the £205 million Lancefield Quay neighbourhood will also feature best-in-class resident and public amenities, as well as landscaped public spaces that will create a unique destination within the city. The neighbourhood will take Moda’s Glasgow operations to 1,163 homes, and total investment of £330m into the city, and will form part of Moda’s pipeline of 20,000 rental homes worth a combined £6.5 billion.
Complete with an on-site gym, co-working hubs and units earmarked for commercial purposes, Lancefield Quay has been designed to support the health and wellbeing for its residents and visitors with community, leading technology and sustainability at its heart.
The decision follows a successful public consultation which provided local people with the opportunity to view and feedback on the residential-led proposals. Generally, feedback from the public consultation was positive with most respondents expressing their support for the development and regeneration of the site.
Aligning with the council’s City Centre Living Strategy Vision 2035 which aims to create a sustainable, inclusive and diverse city centre population, Lancefield Quay will breathe new life into the waterfront and complement wider regeneration efforts along the Broomielaw. Its proximity to Finnieston, the IFSD and transport links to the wider city will be attractive to a mix of demographics seeking high-quality city centre living.
As the long-term operator of Lancefield Quay, Moda is committed to integrating its neighbourhood into the surrounding area and will prioritise boosting the skills, employment and education in its surrounding communities to contribute to the long-term economy of Glasgow. To date, Moda has committed more than £11m to community projects around its neighbourhoods across the UK. Its Holland Park development will drive more than £125m into the city’s economy. To date, it has also delivered more than 60 weeks of apprenticeship training weeks and dedicated over 132 hours to supporting young people into employment.
If successful at planning, Lancefield Quay will target three-star Fitwel certification – the top level of recognition from the world’s foremost healthy building accreditor – and will aim to run on 100% renewable electricity. Moda, The McEwan, the developer operator’s first operational neighbourhood in Edinburgh, was the first residential building in Europe to receive three-star Fitwel and is run on electricity generated by hydro, wind and solar sources. Moda Living currently holds the most residential three-star Fitwel ratings in the world.
Moda Living managing director, Tony Brooks, said: “With all the fundamentals we look for in a long-term city partner, Glasgow has immense potential for Moda Living and we are thrilled to have been granted outline permission for this key waterside site. Lancefield Quay will provide 730 new homes for rent to Glasgow, at a time when supply of good quality rental accommodation is at an all-time low, and we look forward to working with our delivery partners and Glasgow City Council to deliver a neighbourhood that will benefit its surrounding communities and the wider city for the long term.”
Stephen Surphlis, managing director of MRP, which has numerous major development projects in cities throughout the UK, said: “The granting of outline planning permission for Lancefield Quay is a very significant milestone in the delivery of this exciting new project which will regenerate this historic and important area of Glasgow. Complementing the Council’s strategy, of a sustainable, inclusive and diverse society, Lancefield Quay will provide well-designed, modern homes that will add to the vibrancy of the city centre, enhancing community integration and supporting economic regeneration.
“MRP has a proven track record of delivering important development projects in Glasgow and in many other cities throughout the UK, and we are looking forward to working in partnership with Moda Living and Osborne+Co on Lancefield Quay to bring this transformational project to life.”
Conor Osborne, director and founder of Osborne+Co, said: “Lancefield Quay represents a truly transformational site that, alongside MRP and Moda Living, we are very proud to reinstate as a destination of choice for people in the city. Glasgow’s waterfront is iconic and intrinsic to its future is ensuring that the location remains relevant, which Lancefield Quay will enable with attractive rental opportunities. We’re looking forward to watching Moda bring the scheme to life as it continues the positive relationships we’ve established with the local authority and community alike.”