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Gloucestershire Business News

Gloucester Quays gives developer confidence for replica scheme

Doubters may have said the rebirth of Gloucester Quays would never happen, but now the multi-million pound project is inspiring confidence in more redevelopment.

The company behind a replica project on the banks of the Clyde in Scotland has said it is the confidence it was given by the English waterside project on the Gloucester to Sharpness canal that has inspired it.

Glasgow Harbour Ltd plans to recreate the success of the restaurant, cinema, leisure, retail and residential quarter adjacent to Gloucester Docks - but north of the border.

"The concept has been developed through the applicants earlier commercial experiences at Gloucester Quays and Lowry Outlets, Manchester, and are promoted as being the opposite of a traditional, enclosed shopping mall," said the planning report submitted on behalf of Glasgow Harbour Ltd.

Plans are to develop 20,000 square metres of retail units, more than 10,000 square metres for leisure use and 4,000 square metres for restaurants and bars.

Those in the know will have guessed the company behind the scheme is the same one that has invested in Gloucester Quays and continues its commitment to the county - one Peel Group.

Glasgow Harbour Ltd is described as a 'Peel company'.

"The first phase of the Glasgow Harbour masterplan was completed by The Peel Group in 2008 and involved the construction of 1,100 apartments on the site of the former Meadowside Granary, which was demolished in 2002," according to The Peel Group website.

"The Glasgow Harbour Masterplan involves a substantial investment in infrastructure, the creation of hundreds of waterfront homes, retail and leisure opportunities, as well as a commercial district.

"Glasgow Harbour will also be home to Glasgow Harbour Lifestyle Outlet will take Peel's commitment in Scotland to more than £1 billion."

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