Drum Completes Glasgow Acquisition
12th April 2016
Drum Property Group has completed the acquisition of Progressive Residential (Minerva Street) Ltd, securing a consented residential development site adjacent to the bustling area of Finnieston in Glasgow.
Situated directly opposite the SECC and Hydro, and connected to the city centre via the Exhibition train station, the development on Minerva Street has consent for up to 189 apartments. Preparatory work on the site will begin shortly, with the first apartments available for sale in the middle of 2017.
Group Managing Director Graeme Bone commented:
“The Minerva Street acquisition represents an exciting opportunity for Drum, and marks the start of some extensive activity in Glasgow for the Group. The development plot is ideally located in a vibrant area, connected to the City Centre, the West End, and the entertainment complexes at SECC."
"We look forward to making further announcements about additional developments in the city in due course.”