Developer Artisan buys Glasgow's Custom House hotel site

The Custom House site in Glasgow city centre has been sold to a development and investment company for a sum 'significantly above' the asking price of £1.75 million.
By The Newsroom
Published 25th Aug 2017, 07:27 BST
Updated 12th Sep 2017, 11:52 BST

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Currently vacant, Custom House was recently occupied by the procurator fiscal. Picture: Babak SasanCurrently vacant, Custom House was recently occupied by the procurator fiscal. Picture: Babak Sasan
Currently vacant, Custom House was recently occupied by the procurator fiscal. Picture: Babak Sasan

The Grade A-listed building and adjoining land, overlooking the city’s waterfront, has planning consent for a 14-storey new-build hotel incorporating 209 bedrooms, restaurant and bar, conference and meeting facilities, together with gym and leisure facilities.

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The development site has been acquired by development and investment company Artisan Real Estate Investors.

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Steve Barnett, managing partner of Shepherd Chartered Surveyors, said the level of interest generated by the sale of the site was “impressive”, adding: “This deal provides yet another example of the strength of demand for further hotel development within Glasgow’s city centre.”

Presently vacant, Custom House was recently occupied by the procurator fiscal.

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Related topics:Glasgow