THE former Odeon cinema site in West Regent Street, Glasgow, has been bought by a property fund in its fourth acquisition in Scotland.
Construction group Sir Robert McAlpine has been awarded the contract to design and build a £60 million office and retail development on the site. Nick Berry, partner at Mountgrange Investment Management, which purchased the site from property group Duddingston House, said Glasgow was a “prime target” for commercial investment. “We believe this provides an excellent opportunity to respond to the shortage of Grade A office space in the heart of the city.”
