Deal signed for £100m Glasgow ‘wellbeing’ resort

Therme Group, a Vienna-based developer and operator of thermal “wellbeing” resorts, has signed heads of terms with Peel L&P to locate its second UK project on a site at Glasgow Waters.

The project would be constructed on the Peel L&P 21.5-acre site adjacent to the Riverside Museum, at the intersection of the Kelvin and Clyde rivers.

Privately-held Therme is aiming to submit a planning application for Therme Scotland to Glasgow City Council in 2022.

Therme Scotland is expected to be around 320,000 sq ft in size and to cost around £100 million to build.

It will include an indoor water park, extensive thermal pools and spa, and a health and wellbeing centre.

Additional elements of the project include a “vertical farm” which will enable sustainable and locally grown produce to be available to guests.

“The inherent link between sustainability and wellbeing are at the heart of Therme, who work to enhance urban environments and deliver long term population health benefits,” said Peel.

“At Therme Scotland, in addition to the vertical farm and botanical gardens, the group is looking at how it can introduce renewable heat sources and is considering both geothermal energy and water source heat pumps.

“The site is easily accessible to sustainable transport, being in close proximity to Partick interchange.

“Plans also include a bridge across the River Kelvin, linking the Riverside Museum to Therme Scotland and expanding access to the Glasgow waterfront.

“A second bridge will be built by Glasgow City Council over the River Clyde, between Govan and Partick which will enable access for all communities.”

Therme Scotland will be Therme’s second wellbeing resort in the UK after the Therme Manchester £250 million project, also on a site owned by Peel L&P.

Therme’s city-based wellbeing resort concept has been successful in Europe for more than 20 years.

The group is rolling out a global development programme, with active projects in cities around the world, including Toronto and Frankfurt.

Therme Group UK CEO Stelian Iacob said: “The primary purpose of Therme projects is to benefit the communities they serve.

“This is achieved both as a direct result of the Therme experience and by acting as a catalyst for wider activities around biodiversity, cultural inclusion, urban greening and more.

“Therme projects are also key drivers of post-Covid economic, social and environmental recovery.

“Therme Scotland will create a fun and accessible experience with profound health and wellbeing benefits for all.

“We look forward to engaging with the Glasgow community as we progress with the design and development of Therme Scotland.”

Peel L&P Executive Director of Development James Whittaker said: “We are excited to agree heads of terms with Therme Group.

“This significant health and wellbeing destination will be a unique and sustainable addition to Glasgow Waters, Peel L&P’s major waterfront regeneration project.

“This important facility on the Clydeside, adjacent to Peel L&P’s existing and proposed developments, will benefit the whole region as well as attracting visitors from further afield to come and enjoy Glasgow.

“Peel L&P’s vision for Glasgow Waters is to develop the waterfront as a key retail, leisure and tourism destination on the Clyde, which will complement, support and revive the surrounding area.

“Therme Scotland will be an exciting visitor attraction and bring investment into the area.

“We look forward to working with Therme Group and engaging with local communities and public authorities to progress the design and delivery of Therme Glasgow.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.