A former chain store on Glasgow’s Sauchiehall Street will be turned into another hotel if plans are approved by the council.
The prominent Art Deco building, formerly home to Dunnes, and before that C&A, was first put on the market in 2018.
Savills Global Retail and Leisure handled the sale of the 46,500 sq ft building which dates back to 1929.
A previous application to transform the building on Glasgow’s Sauchiehall Street into a 112-bed hotel was withdrawn in 2020.
Stuart Moncur, head of national retail at Savills confirmed the sale to a private investor. He said it was part of a pattern of change taking place in one of Scotland’s most famous streets.
“The need for further investment in Sauchiehall Street in Glasgow is well documented. Thankfully we’re now seeing a great deal of this,” he said.
“Over the next 5-10 years, Sauchiehall Street is going to look completely different and will be a thriving location with a wide range of occupiers and residents.”
Changes include Fusion Group’s redevelopment of the former Marks & Spencer building to create over 600 student apartments, and The Avenues Project which has seen significant improvements to the streetscape. Another development is Vita Group’s proposal for a £70m mixed development at the former ABC Cinema site. WAGWRX Workspace which is creating flexible contemporary workspace.
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