A £300m transformation of part of Glasgow is continuing apace following the completion of a 346-unit Build To Rent scheme.

The scheme, funded by Legal & General, is on the 3.6-acre Candleriggs Square site in Glasgow’s Merchant City regeneration jigsaw. 

The L&G scheme provides 346 flats together with a range of retail and commercial units at ground floor level.

Dan Batterton, Head of Residential at Legal & General Investment, adds: “We are delighted to reach completion of at Candleriggs Square, bringing a new community to the heart of the Merchant City. 

“Helping to meet Glasgow’s increasing demand for high-quality rental housing, the site offers a well-designed, flexible living space integrated within the broader regeneration of the city centre. 

“Having launched our Build to Rent strategy in 2016, we have since deployed over £3 billion of institutional capital into the sector and expanded our portfolio to 24 schemes across 13 cities – we’ve been on a rapid trajectory of growth and look forward to continuing with this as precedent.”

The full regeneration plan is a mixed-use scheme combining homes, offices, hotels, restaurants and local amenities, together with landscaped open spaces and accessible walkways, with a new public square.