In a statement release, Redevco and Swiss Finance & Property (SFP UK) announced they have received the planning approval for the 391 BTR sustainable units redevelopment project in Glasgow. The build-to-rent (BTR) sustainable project in Glasgow is of a partnership between the two property and real-estate companies.
Redevco and SFP UK’s BTR project in Glasgow
Situated at Minerva Way in Glasgow’s West End’s Finnieston, the 4,262 sqm with 391 units of sustainable BTR homes will cover 2 buildings. Another 1.6 hectares will be used as landscaping area.
Once developed, it will be one of the most sustainable residential projects done in Scotland. As part of its sustainability focus, Redevco-SFP UK’s project in Glasgow will feature the following:
- use of zero fossil fuels
- air source heat pumps
- EV charging points
- and top-notch performance indicators on the sustainability frameworks
Some of the performance indicators targeted by the development include: WELL, BREEAM In Use and HQM – for “Home Quality Mark”. Also featuring as a framework is the CRREM aligned Net Zero Carbon.
Project factsheet
Location: Minerva Way Finnieston, Glasgow
Stakeholders: Redevco and SFP (Swiss Finance & Property) UK
Asset type: Residential
Landscaping area: 1.6 hectares
Rentable area: 4,262 sqm
Housing units: 391
Landscaping features for the BRT project in Glasgow
Other features targeted in the redevelopment project include:
- external apartment terraces
- a new central court-yard
- a nature trail
- rain gardens
- a vision for a sustainable drainage strategy through the rain gardens
- smart tech solutions
- and a “revamp” to the biodiversity in the area with new hedgerows and Habitat Units.
Design for the 391 BTR units
The design for the 391 sustainable BTR units also speak nothing less of the developer’s mission: Net Zero Carbon by 2040. It features the following:
- 57 car spaces with EV charging points
- around 452 bike storage spaces
Also included in the residential design are:
- lounge areas
- yoga studio
- gym
- TV/gaming room
- a library and a residents lounge
Why a housing redevelopment project in Glasgow
Also worth mentioning is that the stated performance indicators for the Redevco redevelopment scheme in Glasgow indicate improved “social value”. This is after a Local Needs Analysis was completed in 2023. Five integral areas looked at include:
- growth of healthier and more resilient communities
- promotion of local skills and employment
- growth of more responsible businesses
- strive for a decarbonized world
- and, the enabling of social innovation
The five areas are not new to UK property and real-estate development companies and their projects. They find their base in UK’s National Social Value Measurement Framework – one that has seen a behind-the-curtain appearance in most public and private projects in the UK.
Much has been said of the project. Mentioned as a “transformative” housing scheme, the 391 sustainable BTR units in Glasgow are expected to address the housing issues in the area. The project will also improve the urban living area to a “more sustainable and liveable” one as put by Redevco’s Deputy COO, Chris Fleetwood.
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