Landsec has secured planning consent for the circa £85m refurbishment of its Buchanan Galleries retail scheme in Glasgow.
The company intends to create new flagship units along Buchanan Street, modernise the existing mall and accommodate new leisure and dining concepts, including a destination food hall.
Landsec will also integrate large format digital advertising screens featuring a curated line up of partners from the creative economy.
The centre will remain open throughout the phased refurbishment, which forms part of Landsec’s plans to invest circa £200m into smaller, high-yielding capex projects across its portfolio of major retail destinations over the next few years.
Tim Treadwell, head of retail asset management at Landsec, said: “This planning approval marks an exciting moment for Glasgow’s retail landscape. Our investment is a direct response to the strong demand from leading global brands seeking flagship space in the city. By introducing new food, beverage, and leisure experiences alongside high quality outdoor environments, we’re creating the conditions for retailers to thrive and for Glasgow to further cement its position as one of the UK’s leading shopping and leisure destinations. The phased transformation will ensure that brands and guests alike benefit from an enhanced, experience-led environment from day one.”
