Candleriggs Square
Quick Facts
Project value: £350 million
Size: c.300,000 sqft remaining
Investment type: Various options available
Location: Candleriggs Square, Glasgow (G1 1TQ)
Landowner: Candleriggs 2 Development Ltd, a joint venture between Drum Property Group and Stamford Investments
Timescale: Available now
Status: First two plots completed
Project Overview
Candleriggs Square is already proving to be one of the most exciting regeneration success stories in the city. What was once a long neglected gap in the urban fabric has been transformed into a vibrant, welcoming destination to live, work, meet, and thrive. This is a rare opportunity to join a fully re energised district at exactly the right moment. Candleriggs Square is once again a dynamic city centre destination - seamlessly connected to its surroundings and delivering meaningful economic impact locally and nationally.
The award-winning regeneration of Candleriggs Square has delivered a major uplift for Glasgow city centre, local businesses, and the surrounding community, breathing new life into a historic location long central to the city’s commercial and social fabric. The emerging neighbourhood supports Glasgow’s strategic ambition to expand opportunities for city centre living, realising the development vision set by Drum and Stamford when they took ownership of the site in 2019.
With the completion of the Build to Rent apartments for Legal and General and the opening of the largest hotel in Scotland, The Social Hub Glasgow, this once‑dormant part of the city—unused for more than two decades—has been transformed in remarkable fashion.
The Social Hub has already established itself as an integral part of the community with its unique mix of hotel, student accommodation, work space, café, bars and rooftop restaurant and terrace creating a bustling and busy centrepiece to the Candleriggs Square development.
The popular new ‘Candleriggs’ apartments next door to the Social Hub have been operating at near capacity since opening, providing stylish boutique apartments to rent, with exceptional 5 star amenities including a gym, private dining, sunny roof terraces, games room and lounges and a courtyard garden.
With this momentum firmly established, the remaining plots of Candleriggs Square are actively being brought to market for a range of high‑value uses, including office, residential, hotel, and co‑living. Several live requirements are currently being progressed.
Investment Opportunities
Site is owned by Candleriggs Development 2 Limited, a joint venture between Drum Property Group and Stamford Property Investments.
The site has planning consent for a mix of uses including hotels, residential, business space and offices, pubs, restaurants, leisure and gym with associated car parking, access, landscaping and public realm. Planning consent reference: 19/03665/PPP.
Drum/Stamford are in discussions in relation to the balance of the development comprising Grade A office, residential, build to rent, co-living and hotel accommodation to complete the remaining plots available.
Various investment options are available.
The project is well advanced and investment ready - half the plot space has been successfully developed and a real sense of momentum has been built to complete the site. An award winning 496-bedroom hotel for The Social Hub and a 348-apartment build to rent complex for Legal & General have brought a new lease of life to the area connecting Merchant City to Trongate and beyond, with the remainder of the site being actively marketed across Grade A Office, hotel, co-living and residential opportunities with live requirements currently being progressed.
A business plan and variety of options and finance models are available.
Aerial view of the completed L&G build-to-rent apartments and The Student Hotel at Candleriggs Square
Progress Update
Candleriggs Square is already proving to be one of the most exciting regeneration success stories in the city. What was once a long‑neglected gap in the urban fabric has been transformed into a vibrant, welcoming destination to live, work, meet, and thrive.
The first phase has delivered two standout, award‑winning anchors: a 496‑bedroom flagship hotel for The Social Hub and a 348‑home Build‑to‑Rent community for Legal & General—both now enjoying exceptional occupancy and strong market traction.
With this momentum firmly established, the remaining parcels of Candleriggs Square are actively being brought to market for a range of high‑value uses, including office, residential, hotel, and co‑living. Several live requirements are already being progressed.
This is a rare opportunity to join a fully re‑energised district at exactly the right moment. Candleriggs Square is once again a dynamic city‑centre destination—seamlessly connected to its surroundings and delivering meaningful economic impact locally and nationally.
For more information
Adam Russell Investment Director, Drum Property Group email: adam@drumpropertygroup.com tel: +44 (0)131 225 9595
