Our Commercial Property team, led by partner Susan Law, recently assisted developer Structured House Group (shg) with its acquisition of Scotway House in Glasgow.
Scotway House, which is located on the historic site of the former Meadowside Shipyard Office on the north bank of the Clyde, will house around 400 students in purpose-built student accommodation and is due to be completed in time for the 2019 academic year.
The Commercial Property team members who assisted in the deal include Susan Law, Partner; Clare Wilson, Senior Associate and Andrew Boccoli, Director (construction matters).
Scotway House is the first in a series of projects planned by the Glasgow-based company, which recently entered into a £500million joint-venture deal with US investor Harrison Street Real Estate to deliver residential, student and hotel developments across the UK.
Commenting on the flagship development at Scotway House, Craig Inglis, CEO of SHG, said: “We recently reached a significant milestone with the topping out of Scotway House and we are proud our new accommodation will be a landmark along the Clyde. Our aspirations for Glasgow are to build excellent developments, provide jobs and boost the local economy. That is why we are excited to see the transformation of Scotway House that continues to grow week by week”.
Scotway House will provide significant investment for the city bringing in more than 300 jobs and employing a number of local companies.
Mr Inglis added: “Working with Lindsays’ legal team in the purchase of Scotway House along the Clydeside, we were delighted with the way in which the team handled the acquisition of what will be an investment of £40million GDV in the city.”
For further information on Structured House Group click here.