GREEN REGENERATION AND INNOVATION DISTRICT: CLYDE GATEWAY
Project Value: Up to £200 million Investment Type: Blend of public/private infrastructure investment (investor, equity co-development, development funder, construction partner) Location: Dalmarnock and Rutherglen, Glasgow City Region Landowner: Clyde Gateway Developments Limited Timescale: Immediate Status: Masterplan with planning permission in principle
PROJECT OVERVIEW
Just five minutes east of the centre of Glasgow by train, the Clyde Gateway area has benefited from £1.5 billion investment to date with over 100,000 square metres of award-winning business space now completed and over 3,000 new homes. The area’s accessibility by walking, cycling, road and rail is already proving a major draw to investors, businesses and residents.
Designated as Scotland’s first Green Regeneration and Innovation District, Clyde Gateway is working to decarbonise travel and energy for homes and businesses and address the priorities of local people.
Investment to date in Clyde Gateway has been designed to unlock development potential by the adoption of long-term sustainable approaches to infrastructure reuse and development. Clyde Gateway is at the forefront of the green recovery and is investing in district heating with a combined heat and power system going live in 2021.
Investment to date in Clyde Gateway has been designed to unlock development potential by the adoption of long-term sustainable approaches to infrastructure reuse and development. Clyde Gateway is at the forefront of the green recovery and is investing in district heating with a combined heat and power system going live in 2021. In parallel Clyde Gateway is part of a European wide research programme into 5th generation heating and cooling and is also home to British Geological Survey’s Glasgow Observatory researching the potential of geothermal technology.
New development in Clyde Gateway can more easily evidence positive environmental and social impacts.
SMART Bridge, Dalmarnock
INVESTMENT OPPORTUNITIES
Clyde Gateway offers a range of potential short, medium and longer-term investment opportunities across all sectors including commercial, residential and hotel. Investment in regeneration areas can encourage circularity in the Built environment. Current opportunities are centred on the areas served by the Dalmarnock train station at the heart of Clyde Gateway’s 20 minute neighbourhoods.
Key Points
- £1.5 billion invested to date
- 3 upgraded rail stations
- Pilot site for 5th generation energy systems
- Award winning public realm, infrastructure and commercial property in place
- 6,000 new jobs attracted to the area
Dalmarnock is a mixed-use development including proposed new and redeveloped workplaces and new homes. It is served by a refurbished railway station, bus infrastructure, walking and cycling routes. The area will be served by a new £6m Combined Heat and Power District Heating System. The environmental approach to the masterplan includes infrastructure reuse and development as well as climate mitigation measures. Capacity for new low carbon development includes:
- 9,900m² (106,500ft²) HQ office and 6,960m² (75,000ft²) of hybrid industrial space (fully consented)
- 120 bed hotel
- 10,000m² (107,500ft²) riverside development opportunity
- Circa 350 residential units
- 3,800m² (41,190ft²) Purifier Studios Creative Workspace.
Magenta is the adaptive reuse of a brownfield site with planning consent for over 110,000m² of development. As a pilot site for 5th generation energy systems which focus on low temperature closed loop systems with heat pump technology linked to individual buildings Magenta has the potential to increase the take-up of renewable technologies and make them more cost efficient and effective.
The project would integrate with other energy projects at Dalmarnock and utilise the SMART Bridge to deliver the low temperature ambient loop to serve Magenta.
A partnership with Highbridge Properties Plc, Magenta offers the opportunity for major investment– investor, equity, co- development, development funder, and construction partners with additional investment opportunities in the wider area.
STATUS UPDATE
Masterplan and planning permission in principle granted.
MORE INFORMATION
Martin McKay
Executive Director of Regeneration, Clyde Gateway
email: martin.mckay@clydegateway.com
tel: +44 (0)141 276 0758
