Downing, the prominent property developer, has successfully purchased the historical Scottish headquarters of Reach PLC, located on Anderston Quay along the scenic north bank of the River Clyde. This acquisition, part of a multimillion-pound deal, signifies a strategic enhancement to Downing’s already robust portfolio, which spans several key cities across the UK, including Brighton, London, Bristol, and Newcastle.

The site, encompassing 2 acres and housing a 150,000 sq ft office building, has played host to renowned Glasgow Scottish publications such as the Daily Record, Glasgow Live, Sunday Mail, and Scottish Daily Mirror. Boasting a waterfront position, the building includes basement, ground, and two upper floors, complemented by 220 basement car parking spaces and an additional 36 spaces at ground level.

Strategically nestled between Hydepark Street and Warroch Street, the prime location benefits from excellent connectivity to major transportation links, such as the M8 motorway, and is in close proximity to Glasgow City Centre. It also enjoys strong pedestrian and cycling access, being adjacent to the National Cycle Route 75 along the River Clyde.

Downing, with its expansive operation across major UK cities including London, Manchester, Edinburgh, Newcastle, Bristol, and Liverpool, is not new to Glasgow. The developer boasts two successful Purpose-Built Student Accommodation (PBSA) sites in the city, West Village and West View student halls, located a mere five-minute walk from the University of Glasgow.

Director at Downing, Paul Houghton, expressed enthusiasm about the new acquisition, highlighting the prime waterfront location as an extraordinary opportunity ripe with potential. “We are eager to transform this iconic site into something remarkable,” Houghton remarked. “Our growth in Glasgow is crucial to our strategic expansion plans, and developing such a distinguished site at the heart of the city is an exhilarating prospect.”

This acquisition not only underscores Downing’s commitment to enhancing its portfolio but also promises the revitalisation of a key Glasgow landmark, poised to contribute significantly to the city’s urban landscape.