Award-winning developer Artisan Real Estate together with Homes for Students, the UK's largest independent student management company, will now take forward proposals for 321 self-contained studio apartments at 292-298 St Vincent Street, aimed primarily at the post-graduate and overseas student market.
The plans include demolition of the existing office block, which has remained vacant since 2019 and replacing it with the new student development, bringing new investment, interest and life back to Glasgow city centre.
The planning consent follows an extensive consultation exercise with the neighbouring community, which has largely supported the proposals. Local feedback recognised the need for student accommodation in Glasgow city centre, with many agreeing the proposals would help to address the current shortfall in the city's student accommodation whilst easing pressure on the city's current residential stock.
Similarly, development plans were also welcomed by the local business community – including restaurants, cafes and bars – which are all currently suffering from the decline of office workers returning to the city centre following the pandemic.
Welcoming the planning consent, Artisan's Scottish Regional Director David Westwater, said: "The site is in a superb city centre location, within easy walking or cycling distance to a number of higher and further education establishments within the city.
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"There is a demonstrable need for high-quality purpose-built student accommodation in the city, especially for individual studio apartments. The more longer-term student market we are targeting will bring energy and investment to the city centre and ensure deliverability of a superbly designed development to replace the existing office block which has remained vacant for four years."
The new student development proposals will provide a welcome boost for the city centre and are set to complement the Glasgow City Council-backed 'Golden Z' plan to re-energise the central commercial district, criss-crossed by Sauchiehall, Buchanan and Argyle streets. This includes plans for less retail and more restaurant and culture operators, with other suggestions including using empty upper floors of buildings for housing and shared workspaces.
Mr Westwater added: "We have engaged with the local business community, which is suffering with the decline of office workers following the pandemic, and they widely welcomed the prospect of renewed investment and energy that the development will bring to the area. We will actively work with our neighbours to make the development an active and integral part of the local area, providing opportunities for our neighbours to share communal meeting spaces."
Homes for Students is the largest independent student management company in the UK with 40,000 beds nationwide and a strong regional presence across Scotland. The company's core focus is on student wellbeing, environmental social governance (ESG) and community integration.
Martin Corbett, Chief Executive Officer of Homes for Students said:
"We are proud to have worked closely with Artisan Real Estate to ensure this is a best-in-class purpose-built scheme by providing high quality accommodation and amenities which students will enjoy living in. We will ensure we provide our residents with an exceptional student experience and encourage them to integrate and support the needs of the local community alongside our own highly experienced team who will foster and support their wellbeing."
Regeneration specialist Artisan Real Estate is an award-winning property developer and investor, with a strong track record in delivering innovative and sensitive development across Scotland and in Glasgow in particular. The company has recently completed the spectacular £80 million transformation of the city's A-Listed Custom House and neighbouring buildings into a vibrant hotel quarter overlooking the River Clyde.
Artisan first secured planning permission for the 292-298 St Vincent Street site in 2020 with plans for a 255-room, 4-star hotel. Due to the impact of Covid 19 pandemic on the hospitality sector, alternative uses were explored resulting in a revised planning application for 250 serviced residential apartments. Artisan subsequently secured a planning approval for this 'co-living' residential development from Glasgow City Council in early 2023, which is now superseded by the student development consent.
