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XLB complete on the sale of 2.6 acres of development land to Platform at Central Quay, Glasgow

Property Week article:
 
Developer and build-to-rent operator Platform has acquired a two-acre site in Glasgow’s Central Quay regeneration project to build more than 400 BTR units.
 
The acquisition, which Property Week understands has a GDV of around £100m, marks Platform’s first step in to the Scottish market.
 
Platform bought the site from Harbert Management Corporation and XLB Property after they secured planning permission for the Central Quay brownfield scheme.
 
The apartments overlook the River Clyde, west of the city centre, and will be built around a courtyard. Amenities include a concierge and a gym.
 
“The Glasgow acquisition is a major milestone for the business, as we look to deliver high-quality, accessibly priced private rented housing in key locations across the country,” said Jean-Marc Vandevivere, chief executive of Platform.
 
The Glasgow site is the company’s second new-build project after its 350-unit scheme in central Sheffield, announced last April.
GVA acted for Platform_ in the acquisition.

12th Jul 2019 Read the article