A planning application has been submitted by Glasgow Harbour Ltd on behalf of Peel Lifestyle Outlets — a division of Peel Land and Property Group — for a £100 million, 350,000 sq ft mixed-use development at Glasgow Harbour.
The Glasgow Harbour Lifestyle Outlet would include retail space, restaurants and cafes, a waterfront promenade, a new cinema, gym, family leisure facilities, public square and event space.
The leisure-led development would add to the west end of Glasgow’s burgeoning waterfront, which already boasts multiple visitor hotspots such as Glasgow Science Centre and the Riverside Museum.
Planning Permission in Principal was granted in 2008 to rejuvenate the 74-acre site, which is located within the Clyde Waterfront Regeneration Programme.
An Approval of Matters Specified in Condition planning application has now been submitted by Glasgow Harbour Ltd on behalf of Peel Lifestyle Outlets.
Jason Pullen, Peel Lifestyle Outlets’ Managing Director, said: “We are creating the next generation of outlet destination by delivering a balanced combination of exciting leisure and entertainment with a strong retail offering …
“Glasgow Harbour Lifestyle Outlet will have a multi-generational appeal, as operators are supported by events, activities and performance space.
“The initial £100m investment, as well as delivering crucial construction and retail jobs, represents the next step in fulfilling the Glasgow Harbour masterplan and we’re excited to bring more life back to Glasgow’s Clydeside.”
It is estimated that the Glasgow Harbour Lifestyle Outlet could generate gross GVA of around £45 million per annum within the local economy once complete.
The development would create employment during construction and deliver a further 2,000 retail and leisure jobs when complete in 2021, according to a recent report by Amion Consulting, an economic impact consultancy.
Peel Group CEO Steven Underwood said: “The Peel Group is excited to be creating a major retail, leisure and tourism destination on the Clyde which will complement, support and enhance the surrounding area.
“We’re looking forward to creating thousands of new jobs and opportunities for the people of Glasgow.
“Over the past decade, we have invested over £850 million in major projects across Scotland, creating 5,500 jobs and 3,500 homes.
“I’m proud to say Glasgow Harbour Lifestyle Outlet will take Peel’s commitment in Scotland to more than £1bn and we look forward to continuing our positive working relationship with the city.”
The first phase of the Glasgow Harbour masterplan was completed by Peel Group in 2008 and involved the construction of 1,100 apartments on the site of the former Meadowside Granary, which was demolished in 2002.
The Glasgow Harbour Masterplan involves a substantial investment in infrastructure, the creation of hundreds of waterfront homes, retail and leisure opportunities, as well as a commercial district.