Plans Revealed For £75million Redevelopment

The former BHS site on Sauchiehall Street is the subject of ambitious proposals for a £75million redevelopment.

Formal Investments, the developer behind the plans, envisages a 12-storey scheme having a transformational impact on the area around Sauchiehall Street.

The company's plans involve the "remodelling and refurbishment of the building occupied by the former BHS store, adding new boutique offices above the retail space and the improvement of a third building on Sauchiehall Street".

The plans cover an area of 240,000 sq ft including retail and "Grade A and design-style offices", replacing the former department store and creating business space for approximately 1750 workers.

Subject to planning, work could start in the middle of next year.

Formal Investments director Nicholas King said: "This proposal shows a really exciting vision for an important site in Glasgow city centre and will provide the highest quality environments for retailers and business, large and small."

Glasgow Chamber of Commerce deputy chief executive Richard Muir said: "This is good news for the city centre in general and for Sauchiehall Street in particular. This redevelopment will help attract new investment to the city."