WASHINGTON EXCHANGE -
DEVELOPMENT OPPORTUNITY IN
THE INTERNATIONAL FINANCIAL
SERVICES DISTRICT (IFSD)

"The City Council welcomes this latest city centre waterfront offering and believes that the joint marketing approach of both unique sites will result in an outstanding development opportunity for the IFSD".
Tom Turley, Assistant Executive Director, Development and Regeneration Services, Glasgow City Council.

The Opportunity at Washington Exchange

Recognising this site’s almost unique development potential, Marlebone Ltd and Scottish Enterprise have combined forces to promote this substantial highly visible riverfront site to major users and occupiers on a pre-let basis.

The Site

Comprising half an entire city block , the subject property lies just to the east of the M8, Kingston Bridge and south of Argyle Street, one of the city’s main access roads from the Clydeside Expressway. With approximately 70 metres of river frontage onto the Broomielaw, the site is bounded by Washington Street, the Broomielaw and McAlpine Street.

Development is also planned on the neighbouring cleared development sites and this offers up the potential for phased development with altered public street layouts, etc.

The site extends to approximately 1.69 acres (0.68 hectares).

Planning Background

Over recent years a number of redevelopment schemes have been promoted for this site, some involving tower developments and major international hotels. Although the economic downturn post 2008 has precluded any of these concepts from being realised, the city and the site owners still hold to this vision for development. Glasgow City Council will welcome any party seeking to undertake major development at this location, particularly a major occupier or hotel operator.

An indication of the site's flexible potential can be seen in the images within the brochure and by the fact that the 65 Washington Street portion alone has outline planning consent for 250,000 sq ft of Grade A Office space, 20,000 sq ft of retail and 25 apartments.