One of Scotland’s most distinctive, but empty, high rise buildings has been acquired by a property developer.
London-based Vita Group wants to turn the Met Tower overlooking George Square., Glasgow, into residentia community with shared amenities.
The 14-storey former College of Building and Printing tower, which some describe as an ugly intrusion in the city centre, has lain vacant since 2014.
Last year a £60 million plan by Bruntwood SciTech to turn the building into a technology hub was shelved, with challenging economic conditions blamed for the decision.
Vita Group said the development will “support a new community of city centre professionals” and align with Glasgow City Council’s City Centre Strategy 2024–30, which aims to double the residential population by 2035.
Max Bielby, the company’s chief operating officer, said: “Glasgow is a city with exceptional energy, creativity, and talent, and the Met Tower is an iconic part of its skyline.”
Council leader Susan Aitken said: “This is fantastic news for the future of a listed Glasgow landmark – and for the ongoing transformation of our city centre.
“Vita’s plans will bring what is an emerging accommodation concept to Glasgow, one that’s been successful elsewhere and which can meet the needs of many younger residents.
“When it first opened in the early 1960s, the Met Tower was a symbol of a new and modern Glasgow. I look forward to it once again becoming a potent symbol of our changing city centre.”
Stuart Patrick, chief executive of Glasgow Chamber of Commerce, said: “We’re pleased to see Vita Group recognise the opportunity that Glasgow’s growing economy presents, particularly through its continued investment in key sites across the city, including the ABC building on Sauchiehall Street and India Street.
“The acquisition of the Met Tower, given its prime location, scale, and prominence, is another welcome vote of confidence in Glasgow’s future.”
#Vita #Group #turn #Met #Tower #residential #Daily #Business