Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Lend Lease set for Land Securities’ £230m Glasgow shopping centre

Lend Lease is understood to be in pole position to bag a £230m contract to revamp Land Securities’ Buchanan Galleries shopping centre in Glasgow.

The developer was shortlisted for the job along with Brookfield Multiplex and Laing O’Rourke Scotland, as reported by Construction News last month.

But a source close to the project has told Construction News that Lend Lease is now favourite for the major retail scheme.

Land Securities now owns 100 per cent of the Buchanan scheme, after completing a land swap with Henderson Real Estate in October.

Henderson Real Estate exchanged its 50 per cent stake in the Glasgow scheme for Land Securities’ share in the Princesshay shopping centre in Exeter, which saw Henderson entering a new partnership with The Crown Estate.

Once built, the centre will include 100 shops, 25 restaurants and a multi-screen cinema.

It will involve building an extension above the existing multi-storey car park to house the cinema, extending the west wing of the centre to create retail space and building a multi-storey car park.

Lend Lease declined to comment.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.