Get Living sells £200m Glasgow mixed-use scheme

Get Living has sold its £200m Glasgow development site to Galliard Apsley Partnership. Galliard Apsley Partnership is a joint venture between Galliard Homes and Apsley House Capital which focuses on large-scale brownfield regeneration. The scheme has existing consent to build 821 build-to-rent home and 681 purpose-built student accommodation beds on the 7.5-acre site behind High Street rail station. Get Living received planning approval for the site in February 2023. It comprises 12 buildings ranging from six to 21 storeys.  The proceeds of the sale will strengthen Get Living’s balance sheet and allow for effective recycling of capital within the portfolio. Get Living chief executive, Rick de Blaby, said: “The disposal of the Glasgow site is the result of a review of our development strategy, enabling us to recycle capital into our operational and development assets, within which we have four schemes launching in the next two years.” Apsley House Capital chairman, Gerard Nock, said: “Throughout history, the site has played an important part in the development of Glasgow and Merchant City. “Strategically located and well connected, we will submit a new application that will bring the site back to life and enhance the local area with a design-led urban scheme that provides a mix of tenures, increased connectivity, and high-quality public realm to benefit residents and the public.” Image © Get Living