Barclays Glasgow Campus at Tradeston

Unparalleled mixed use next to Scotland biggest new riverside business development​.

Barclays Glasgow Campus at Tradeston is a flagship development for Glasgow. You can join Barclays and L&G already on site with a new business district, build to rent and urban quarter with a quarter of a mile of river frontage. ​

Investment opportunities to complete the site include site and infrastructure, 23,000 sq m for pre-let office development and ancillary uses. Planning agreed in principle, and Drum Property will hear from Equity, co-development, development funders, and construction partners.

Barclays Glasgow Campus at Tradeston

93,000 sq m of prime Grade A commercial space when complete

£350m GDV

for entire development

15-20% IRR*

indicative project returns (*internal rate of returns)

2 minute walk

to Glasgow Central Station

More on the Drum Property Group website

Why Barclays is investing in Scotland

Barclays’ plans for an exciting new 5000-person campus in Glasgow supports Scotland’s fantastic credentials as a major financial hub.

Watch our video with Scott Stewart, Head of Barclays Scotland, revealing why the city and Scotland are the perfect fit.

Drum Property Group is progressing development of its prime city centre site in Glasgow the Barclays Glasgow Campus at Tradeston. Located on the banks of the iconic River Clyde, the development will be a benchmark development in Scotland, a new and distinctive quarter for the city.

Drum agreed a multi-million-pound deal with Barclays in July 2018 to create a new state-of-the art campus headquarters in the heart of Tradeston. The deal to purchase land and develop around 44,000 sq m of prime Grade A office space will create space for around 2,500 additional jobs, making the bank one of Glasgow’s biggest commercial employers.

Drum will complete the first buildings of Barclays’ purpose-built campus in 2020 and Barclays also have an option to extend their campus by an additional 19,500 sq m in a second phase of development at the site.

In January 2019, Drum agreed a deal with Legal & General (L&G) to forward fund the delivery of 324 ‘Build to Rent’ (BTR) apartments at Tradeston. Consisting of two 18 storey towers, current design iterations include dining space, a gym, a residents’ lounge and a games room.

The development, which overlooks the River Clyde, also offers a 400 sq m communal roof terrace. Construction began in November 2019 and will be complete in early 2022.

The site, a very short walk from Central Station will become an engaging and contemporary destination, combining exceptional building design, high quality fit out and unrivalled connectivity credentials.

When complete, the Clydeside site will provide more than 92,900 sq m) of prime Grade A office space, and residential accommodation. It will also provide a mix of local amenities and landscaped public spaces which can be used by residents, employees and the wider community at different times of the day, ensuring an active and dynamic live/work environment.

This ambitious and dynamic place-making will activate over a quarter of a mile (400m) of river frontage in one of the UK’s most aspirational cities.

Investment opportunities 

There are a range of investment opportunities available including site and infrastructure, 23,000 sq m for pre-let office development and ancillary uses. Investment is sought for the remaining elements comprising offices and ancillary uses which will be progressed on a pre-let basis.

Indicative project returns range from 15-25%. Investment is sought for the project which will see the initial investment made in year one with a positive cashflow in years 2-9, with a sale of the asset at year 10 when investor returns will be realised.

More on the Drum Property Group website

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Disclaimer

Whereas every effort has been made to ensure that the information in this document/pages is accurate, the Scottish Government nor its agencies does not accept any liability for errors, omissions or misleading statements. And no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Investors will need to undertake their own due-diligence in conjunction with individual project promotors/sponsors in relation to the detailed project investment opportunities presented.