Commercial
Property
Solutions
NEWS

Council places McLellan Galleries on the market

26th August 2014

On behalf of Glasgow City Council (GCC), Ryden has put B-listed McLellan Galleries on the open market following a market test exercise which showed there was strong demand for the building. The Galleries have not been – other than for short-term leases – in productive use since 2010.

Situated on Glasgow’s Sauchiehall Street, one of the city’s main shopping and leisure streets, the Galleries were built in 1856 and named after their founder, Archibald McLellan.

GCC will be looking for a tenant who will take a long-term lease with a commitment to repair the building and use it in line with its historic purpose that focused on art, culture, public access and community benefit. Interested bidders are required to submit a business case describing and evidencing their vision for the Galleries. The highest scoring responses will move on to a formal presentation stage. It is hoped the preferred bidder will be selected before the end of the year.

Mandy Watson of Ryden said: “We are pleased there has been good initial interest in the Galleries which are well known in the city and have sadly been closed in recent years. This response has enabled us to set a closing date for offers. We will work closely with GCC to look at the merits of each bid and identify the best option for revitalising this landmark building.”

Bailie Liz Cameron, Executive Member for Jobs and the Economy at Glasgow City Council, said: “The McLellan Galleries is a fantastic resource for the city, so it is great to see this process moving on to the next stage.  The building has a great tradition, and we very much want the new tenants to continue to provide the services that have served the city so well in the past.  I look forward to a number of very strong proposals being put forward for the long-term use of the Galleries.”

A closing date has been set for 8 October 2014 and an Open Day will be held at the Galleries in early September for interested parties.

More news from Public sector & healthcare...

OURAWARDS

We pride ourselves on being a market leader and have been recognised for our achievements by the property industry.