Pacific Quay sits on the south side of the Clyde Waterfront and
extends to over 90 acres. Significant regeneration and
investment has already been delivered here and Pacific Quay is now
home to Glasgow Science Centre, BBC Scotland, Scottish Television,
Film City Glasgow, Capital FM Scotland, BIP Solutions, Digital
Design Studios and a multitude of other cutting-edge technology and
Scottish Enterprise is now the majority landowner at Pacific
Quay having acquired Grosvenor Development's interests in March
2010 and an exciting new masterplan has recently been developed for
Pacific Quay. It provides for modern, loose fit, flexible
floor space to accommodate a range of different uses including
retail, leisure and residential, as well as core offices and
workspace for creatively minded businesses. The masterplan makes
provision for just over 67,600m² of mixed use space and offers a
flexible framework designed to complete the transformation of
Pacific Quay into an attractive place to work, live and play.
Scottish Enterprise has already undertaken a major package of
civil engineering works to realign the edges of Princes Dock Basin
and a first phase of infrastructure and environmental works was
completed in February 2008 which provided four fully serviced plots
for further development.
The first of those plots was developed in parallel with the
infrastructure works and Medius was completed in 2008. It is
now the new Glasgow headquarters for internet procurement company
BIP Solutions Ltd.
A second development, The Hub at Pacific Quay,
opened its doors for business in February 2009, immediately
attracting new tenants such as DDS, Shed Media Scotland, Editworks
and is well on the way to establishing a "seriously creative
community" at Pacific Quay.
A new Premier Inn Hotel
will provide accommodation and facilities in a key location for
Market interest in Pacific Quay has remained positive despite a
difficult economic backdrop and Scottish Enterprise is progressing
discussions with preferred developers on several fronts. Planning
and design proposals for the next phase of infrastructure works
will be developed during 2011-12, which will prepare further plots
for development and provide a pedestrian direct link to Film City
Glasgow on its western edge.
Pacific Quay is long term development and is expected to be fully developed by 2025.
The completed development is expected to cost around £100 million and will be funded via a combination of private and public sector investment.