Glasgow City Council has given Moda Living, Osborne+Co and MRP outline planning permission on brownfield site
A partnership between Moda Living, Osborne+Co and MRP has gained outline planning permission to build 730 homes on a brownfield site in Glasgow.
Glasgow council gave the go ahead for the landmark four-acre Lancefield Quay to be transformed into a £205m development.
Built-to-rent developer Moda Living, which saw its profits quadruple in the year to August 2021, will now work with the council to produce detailed proposals for the waterfront site, which has been vacant since 2007.
Moda is working in partnership with GDRI, a joint venture between developer and investor Osborne+Co and MRP, the development and investment arm of design and build contractor McAleer & Rushe. It submitted the plans after a public consultation.
MRP is the Tony Brooks, Moda Living managing director, said: “Lancefield Quay will provide 730 new homes for rent to Glasgow, at a time when supply of good quality rental accommodation is at an all-time low, and we look forward to working with our delivery partners and Glasgow City Council to deliver a neighbourhood that will benefit its surrounding communities and the wider city for the long term.”
Stephen Surphlis, managing director of MRP, said: “Lancefield Quay will provide well-designed, modern homes that will add to the vibrancy of the city centre, enhancing community integration and supporting economic regeneration.”
Conor Osborne, director and founder of Osborne+Co, said: “Glasgow’s waterfront is iconic, and intrinsic to its future is ensuring that the location remains relevant, which Lancefield Quay will enable with attractive rental opportunities.”
The partnership said that the plans “align with [the council’s] City Centre Living Strategy Vision 2035”, which aims to create a sustainable, inclusive and diverse city centre population.
The scheme will be Moda’s second build-to-rent development in Glasgow and will bring its total number of homes in the city up to 1,163 and its total investment to £330m. The developer’s Holland Park site will finish in the third quarter next year and deliver 433 homes.
Moda has a pipeline of 20,000 rental homes worth a combined £6.5bn.
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