UK: Glasgow City Council is “minded to grant” a £60 million purpose-built student accommodation (PBSA) property within Glasgow’s Broomielaw area.
The development, planned for Carrick Street, will comprise 531 student beds and a ground-floor commercial unit.
Valeo Management Europe, a design and operations company, is heading the project, which will be delivered under the LIV Student brand.
Since its initial submission in May 2024, the development application received 17 letters of support, including from the Glasgow Chamber of Commerce, leading the city council to ‘mind the grant.’ An official legal agreement, or a Section 75 Legal Agreement, must be made between Valeo and Glasgow City Council for the project to start.
David Saunders, managing director for Valeo Management Europe, said: “We’re proud to have secured this key step forward in delivering our first LIV Student development in Scotland. This milestone follows a collaborative design and planning process with Glasgow City Council, and we’re grateful for the constructive iterative engagement that has helped shape a scheme we believe will make a positive and lasting contribution to the city. Broomielaw and the wider River Cycle Waterfront are undergoing an exciting period of regeneration, and we’re proud that our development will support that transformation – not only by helping to meet the growing demand for high-quality student accommodation, but also by contributing to placemaking and acting as a catalyst for further investment in the area.”
If the project is approved by Glasgow City Council, construction will begin in March 2026, with students expected to move in by September 2028.
Highlights:
- Glasgow City Council is “minded to grant” approval for a £60 million PBSA on Carrick Street, Broomielaw.
- The development, led by Valeo Management Europe under the LIV Student brand, will include 531 student beds and a ground-floor commercial unit.
- The project received 17 letters of support, including from the Glasgow Chamber of Commerce.
- Final approval depends on completing a Section 75 Legal Agreement between Valeo and Glasgow City Council.
- If approved, construction will begin in March 2026, with student occupancy expected by September 2028.
