GVA has been appointed to jointly market a new mixed-use development opportunity at Lomondgate, one of Scotland’s most successful regeneration projects.
Lomondgate has been delivered by Walker Group and Strathleven Regeneration CIC in a pioneering development agreement which was launched to regenerate the former J+B whisky bottling plant on the outskirts of Dumbarton.
Much of Lomondgate is now a thriving mixed-use development featuring commercial, retail and residential space. One of the site’s earliest tenants was BBC Scotland, which has built production facilities where filming of River City and Still Game takes place. Last year, an independent economic impact assessment found the project has created over 700 full times jobs and £365m for the region’s economy since 2007.
The 100-acre site sits at the gateway to Loch Lomond and the Trossachs National Park and within half an hour’s drive of Glasgow city centre and airport. Current occupants also include Aggreko, Whitbread, Costa, Euro Garages and Jaconelli’s Fish Restaurant. Private sector investment in Lomondgate has exceeded £100m since the project launched.
The last remaining 23 acres of land remains available and can accommodate a number of commercial uses and can be divided up to provide opportunities of a smaller scale. GVA have been instructed as agents to identify interests in the new commercial development opportunity.
Steven Szostak, Project Director for Strathleven Regeneration C.I.C said; "The remaining land presents the partnership with a tremendous opportunity to leave a significant and lasting legacy in the area. We have the chance to create something very special; possibly an award winning creative mixed use that could be low carbon and job creating. The partnership board is really ambitious, looking to build on the historic successes. The site is too important for the usual peripheral uses, we are looking to make a statement for communities, businesses and visitors and establish a work / play combination which will become a recognised part of Scotland’s destination offer."
Paul Broad, Director of Business Space for GVA, said: "The strength of Lomondgate can be measured in how well it has performed to date and the confidence existing occupants have in the site. This new development is a great opportunity for interested parties to relocate their businesses to become a key part of an ambitious and successful regeneration project."
"The development can be accessed easily by all modes of transport and sits right on the A82, the main trunk road linking central Scotland with the Western Highlands. It will be available at a discount to city centre rates but within a short drive of Glasgow and its airport. With over 300,000 people in the local catchment area, there is also access to a considerable talent and labour pool."