Green light for £300m redevelopment of Candleriggs Sq

28 May 2020

The regeneration of Candleriggs Square, one of Glasgow's most high-profile city-centre sites, has taken a significant step forward following planning approval by Glasgow City Council.

The ambitious £300m plan to transform the 3.6-acre site in the heart of Glasgow's Merchant City has been developed by a joint venture between Drum Property Group and Stamford Property Investments.

Proposals include a high-quality mixed-use scheme combining homes, offices, hotels, restaurants and local amenities, together with landscaped open spaces and accessible walkways - with a new public square at the heart of the development.

Bound by Wilson Street, Hutcheson Street, Candleriggs and Trongate, Candleriggs Square was originally home to Glasgow's flourishing fruit and vegetable market and for most of the 20th century it was used as a department store before remaining unoccupied since the closure of the last operator in 1999.

Drum and Stamford's joint venture inherited an existing planning consent, approved in 2016, for 850,000 sq. ft. of residential, student, hotel and commercial space. The approved planning application makes significant improvements to the quality of design and site accessibility, which reflect the site's unique setting at the heart of the Merchant City.