Glasgow's 1.2bn GBP Regeneration Project Starts to Bear Fruit

GLASGOW, Scotland, February 18, 2013 /PRNewswire/ --

A 1.2bn GBP project to transform the skyline of Scotland's second city will bear its first fruit with the completion of Glasgow's new Hydro Arena.

The 125m GBP 12000 seat venue, to be completed in September, is part of a 523m GBP redevelopment of the former Queen's Dock, on the banks of the River Clyde, and will tower over the neighbouring Scottish Exhibition and Conference Centre.

Two other projects - the International Technology and Renewable Energy Zone, or ITREZ, and the South Glasgow Hospital - will be completed in quick succession early next year.

The 1bn GBP hospital development will combine two hospitals and expand another, creating one of the largest hospital complexes in Europe, while the 89m GBP ITREZ will focus on research into the offshore renewables sector.

Glasgow City Council's Business Relationship Manager Anne Murray said: "These projects will transform the city into a centre for major international events, and research into life sciences and low carbon industries.

"The regeneration will help Glasgow prepare for the 2014 Commonwealth Games, which will bring 100000 extra visitors into the city, and ensure the Games provide a lasting legacy for everyone who lives and works here."

City officials will be showcasing these and other regeneration projects at the MIPIM International Real Estate Show in Cannes in March.

These include a new high-speed rail terminus, the Glasgow Harbour Masterplan focusing on retail and leisure development, and an expansion of the International Financial Services District.

Further projects at Broomielaw Quay - to create a 10m GBP restaurant quarter - and the retail and commercial Custom House Quay project are also underway.

Details are available at http://www.glasgowforbusiness.com.