Broomielaw - Mixed Use Development Opportunity

In recent years, the Broomielaw has re-emerged as a strategic site for regeneration. It now plays a key role in the Clyde Waterfront regeneration strategy and forms part of the Clyde Mission, a nationally significant initiative recognised in the National Planning Framework 4 (NPF4). SE has over the years acquired a significant holding of development land at the Broomielaw which includes sites at 236 Broomielaw (purchased in 1992), 220 Broomielaw (purchased in 2009) and the previous scrap yard site at 65-77 Washington Street (acquired 2022).

In 2024 SE acquired a further 1.56 acres of land adjoining 65-77 Washington Street bringing the complete ownership to just under 5 acres and completed an assembly of significant development land, enhancing the opportunity to attract inward investment to Glasgow and create placemaking opportunities of a considerable scale. The collective land use with SE ownership is a catalyst for an estimated 1.8m square foot of development.

Scottish Enterprise’s proposals include a world class sustainable mix of office and, residential, and leisure uses. The indicative gross development value is circa £150 million.

The vision piece has developed to guide the appropriate mix of uses with the intention of establishing potential development capacity and massing, give consideration of what uses are a best fit and could be accommodated on the site.

Early in 2024 world-leading business experts fDi Intelligence named Glasgow as Europe’s number one large city for attracting overseas investment.

Glasgow is a recognised knowledge base which ranks in the top 10 in Europe or top 25 globally for the quality of its education and cultural provision. The Glasgow City Region’s universities and colleges generate high levels of industry collaboration, world-leading research, company spin-outs and student satisfaction.

Although office take up in 2025 totalled 764,300 sq. ft., which is below the 10-year average, premium quality space remains undersupplied, with the grade A availability rate at 5.1%. Glasgow’s prime office rent remains unchanged at £41.50 sq. ft. (Source Avison Young ‘Big Nine’ Q4 2025 review).

It is proposed that SE may begin the process of competitively seeking a development partner for the Broomielaw with the expectation that this will attract both local and international interest. In the interim SE will also engage with property developers and interested parties who have a contractually agreed end occupier capable of generating economic impact of transformational scale across the wider Glasgow City Region, comparable in scale to the recently completed Barclays Campus development at Buchanan Wharf on the opposite side of the River Clyde.

At present there is no planning permission in place. The proposed development will be in line with Glasgow City Council’s new City Centre Strategy 2024-2030, which already shows billions of pounds of further new investment in the pipeline.

The development will also be progressed in line with Glasgow City Council’s Tall Buildings policy guidance, which was published in 2025.

For the avoidance of doubt SE will not engage with parties looking to submit unsolicited bids or proposals for alternative forms of development where no end anchor occupier has been identified.

There is no current detailed financial model for the proposed redevelopment.