An outline planning application has been submitted by Moda Living, investor Osborne + Co and MRP, the property development and investment division of construction company McAleer & Rushe for a £205m urban village with public squares and river view homes at a four-acre site at Lancefield Quay in Glasgow.
The application has been submitted under the joint venture name of GDRI Europe (Osborne+Co and MRP) and Moda Living. It follows a public consultation which took place in February and provided local people with the opportunity to view and feedback on the residential-led proposals. Response to the consultation was extremely positive – as people expressed their support for the new homes and regeneration of the area.
“We are excited about the impact that this development can have on the regeneration of an historic and important area of Glasgow, supporting a vibrant city centre community. The community consultation provided us with valuable feedback, with more than 90% of people in support of the residential offering and agreeing that Glasgow needs new homes. The creation of well designed, well-crafted and sustainable homes is high on the council’s agenda and the Lancefield Quay site is ideally located to provide a thriving build-to-rent development which will fit in perfectly with the fabric of the area.”Stephen Surphlis, Managing Director, MRP
If outline permission is granted for Lancefield Quay, Moda Living will take the site through detailed planning, delivery and into operation. Moda will work with Osborne+Co and MRP to deliver around 730 Build to Rent homes in-line with the council’s city centre living strategy. Moda will continue to focus on market-leading customer service and best-in-class institutional-grade design. The homes will also include state-of-the-art amenities designed with tech and wellbeing intrinsic to the offer.
This Lancefield Quay development will regenerate a site that has lain vacant since 2007, driving the regeneration of the city quarter and linking it with the Scottish Entertainment Campus and Media Quarter, as well as the cosmopolitan Finnieston area which has undergone its own transformation in recent years.
“This application marks an important milestone for what we hope will be a truly transformational development for this area. We have taken a strategic approach to these initial proposals and worked hard to ensure they align with Glasgow City Council’s wider regeneration ambitions to open up the waterfront and create a vibrant new location within the city. Moda’s involvement in the site will help us realise this ambition to create a single fully integrated development and we are looking forward to continued discussion with the council.”Conor Osborne, Director and Founder, Osborne+Co
Lancefield Quay is Moda’s second site in Glasgow and third in Scotland, making it the country’s largest Build to Rent operator. It will form part of Moda’s overall pipeline, which currently consists of 18,400 homes worth a combined £6bn.
“Glasgow has all the fundamentals we look for; it’s a well-connected, forward-looking city which boasts a strong local economy and is focused on growth which is why we are committed as a long-term city partner. Construction on our Holland Park 425 home development is well advanced, demonstrating our enthusiasm for the city. We are excited to have the opportunity to develop our vision for the Lancefield Quay site and to be working alongside Osborne+Co and MRP as we bring forward a long vacant site.
“This forms part of our wider strategy and integrated structure to enable us to deliver and operate thousands of high-quality homes per annum right across the UK. We are delivering different types of homes at different price points for different lifestyle requirements driven by Moda brand foundations of unparalleled customer service, member health and wellbeing and a market leading digital infrastructure.”Oscar Brooks, Director, Moda Living