Land Securities appoints Balfour Beatty
Published: 14 November, 2011
Land Securities has appointed Balfour Beatty as the design and build contractor for its Buchanan Street retail and residential project in Glasgow city centre.
The 155,000 sq ft, 185-221 Buchanan Street development, only the second major city centre retail development to go ahead since the financial downturn, is progressing at pace with site demolition almost complete.
The £70m scheme is already over 68 per cent pre let by income and 75 per cent by space. The shops, cafés and restaurants are due to open by March 2013, in time for the Commonwealth Games in 2014. The residential part of the development (49 apartments) is due for completion by autumn 2014.
Nick Davis, development director at Land Securities, said: “We are pleased to appoint Balfour Beatty as the lead contractor, given their strong track record of delivering high quality, complex projects in busy city centres.
“This development is moving ahead rapidly and with already strong lettings will create a new prime pitch on Glasgow’s top retail street.
“As there is very little availability of well configured space in the right location, we are capitalising on this demand and will bring more national and international fashion brands to Buchanan Street in the coming months.”
