The opening of Glasgow’s newest shopping area has been welcomed as a “boost”, with the Deputy First Minister saying ongoing investment will help grow the Scottish economy.
The £70m development on Buchanan Street is right in the heart of one of the biggest retail areas already in Scotland. Located opposite Buchanan Galleries, it has created over 200 new jobs in the retail sector, and introduced new stores to the area.
The leasing manager at developer Land Securities, Naomi Howard, said:
“This development strengthens Glasgow’s reputation as one of the UK’s premier retail destinations and truly enhances the shopping experience for people from Glasgow and beyond.”
It is not all about retail though, with the scheme also including 50 apartments. The mixed-use development is just the start, with the whole are scheduled to be upgraded over the next few years.
Attending the opening, Deputy First Minister Nicola Sturgeon said:
“Ongoing investment in large scale retail projects like this one here on Buchanan Street helps to ensure sustainable economic growth for Scotland.
“Not only do projects like these provide a welcome boost to the construction sector, they also provide much needed training and employment opportunities for young people in our communities.”
There is much work going on in Glasgow in the run up to the Commonwealth Games next year, with many companies doing all they can to ensure they are in a position to profit.
Many are freeing cash flow through invoice factoring. Others will be hoping part of the £80m loan Glasgow City Council just received could be earmarked for them.