Redevco and Swiss Finance & Property UK Limited have obtained planning approval for their 391-unit build-to-rent (BTR) redevelopment scheme at Minerva Way, Finnieston in Glasgow’s West End.
The consent is for 391 BTR homes in two buildings, together with extensive landscaping on the 1.6-ha site. It is designed to be one of the most sustainable residential developments in Scotland, including a targeted Net Zero carbon in operation, zero fossil fuels, air source heat pumps, electric vehicle charging points as well as industry-leading sustainability performance indicators.
Chris Fleetwood, Deputy COO Real Estate, said: “Redevco has a long history of property ownership and development in Glasgow, and we are delighted to have achieved this important milestone on this key site creating the opportunity to add much-needed housing to the city in line with our aim to contribute to enriching communities and making urban areas more sustainable and liveable.”
Philipp Braunwalder, CEO of SFP UK Ltd, states: "We are proud to be part of this transformative redevelopment scheme, anticipating much-needed housing to address Glasgow's critical housing shortage while meeting the highest standards of design and sustainability. Glasgow remains one of the most attractive destinations to live and work and this achievement is a testament to the dedication and collaboration of our partners and service providers."
The development is a culmination of a number of collaborative workshops with Glasgow City Council planning team and, is anticipated to address the housing shortage in an area of high need in the City.
Image source - Redevco.
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