Artisan Real Estate Complete Purchase of Merchant City Site from City Property Glasgow (Investments) LLP

Construction of 109 new low carbon homes and 10,000 sq. ft. of commercial space in the heart of Glasgow’s city centre will begin later this year following purchase of the site at 69-97 Ingram Street by regeneration specialist Artisan Real Estate.

Artisan has now successfully concluded the sale of the Merchant City site with City Property Glasgow (Investments) LLP (CPGI). The developer’s plans were originally approved by Glasgow City Council’s planning committee in February 2023, before being referred to the Scottish Government for determination. Scottish Ministers subsequently confirmed planning approval for the new development following conclusion of a planning legal agreement in February 2025.

The Ingram Street site, currently being used as a temporary carpark, will now be transformed into a mixed-use development bringing together sustainable apartments for sale on the open market and ground floor commercial space housed in buildings varying in height from four to seven storeys.  Site preparation work will start in autumn 2026 with the development’s completion set for 2028.  David Westwater, Managing Director for Artisan Real Estate Scotland, said: “We are delighted to confirm that we will be on site to deliver this transformational development this year, bringing much needed new housing right into the heart of Glasgow’s city centre.

“Artisan will bring significant investment to this important Merchant City site, creating a landscaped and carbon friendly mixed-use development on what is currently a temporary car park, having remained a key gap-site for decades. We have set out an innovative design to attract life and excitement into the Merchant City, closely following the Council’s well-stated ambitions to encourage more people to move into Glasgow city centre.”

Designed by Scottish architects AMA Studio, the Ingram Street apartments will include a range of one, two and three bedroomed properties providing the latest in low carbon, fossil-fuel free living – including energy-efficient air source heat pump technology and high levels of sound and thermal insulation. Central to the development’s design is a publicly accessible landscaped garden courtyard filled with newly planted native and nature-friendly trees, together with flower boxes, raised beds for growing vegetables and landscaped rooftop gardens and terraces to encourage local biodiversity.

The ground floor commercial space will accommodate up to four separate units ranging in size from 1750 to 2750 sq. ft. suitable for a range of uses including leisure, office, retail or restaurants and cafés. The public spaces will also embrace the area’s well-known public murals, most of which will be retained.

Welcoming the conclusion of the purchasing agreement, Andrew Johnston, Asset Manager for CPGI, said: “We are pleased to confirm the sale of the Ingram Street site to Artisan Real Estate for a new mixed-use development – a welcome addition to the Merchant City. The development will bring new sustainable homes into the City Centre and aligns with City Property’s vision to invest in the inclusive growth of Glasgow’s economy. The mixed-use development will be a huge attraction for people who wish to live and work in the city, and we look forward to seeing the works commence later this year. We would like to thank the team at Artisan as well as our legal advisors, Harper Macleod, for their efforts in concluding this significant transaction”.

Councillor Ruairi Kelly, Convener for Housing and Development at Glasgow City Council, added: “This is a vital site for the council’s commitment to bringing more new homes and mixed-use spaces into the heart of Glasgow, creating even more attractive and accessible city centre neighbourhoods. This will be the first Build for Sale accommodation constructed in the city centre for over a decade and the confidence that Artisan has in the city is yet another indication that we’re moving in the right direction. We very much look forward to Artisan realising its ambitious vision for the site over the next couple of years.”

Artisan Real Estate was founded in 2009 as an independent, entrepreneurial, values-led property developer and investor operating primarily in key regional city centre locations across the UK – including Scotland and the north of England. The developer has an established track record in Glasgow – including the transformation of the historic Clydeside Custom House into a new hotel quarter and the completion later this year of high-quality student apartments at St Vincent Street.

The developer is also currently progressing with the homes-led regeneration of Edinburgh’s historic Caledonian Brewery into a new residential neighbourhood, as well as the transformation of a vacant office block on the city’s Ferry Road into a mixed-use community with 256 sustainable new homes.

For more information about the Ingram Street site and to register interest in the future development, visit: https://www.ingramstreetglasgow.com/

For more information about Artisan Real Estate, visit: www.artisanrealestate.co.uk