Licensing Scheme Dubbed a Farce
19th Nov 2019
A portion of the former UWS campus in Hamilton is set to be sold off to make way for new student accommodation.
Craigie Property Investments Ltd will buy the Caird Data Centre, the Caird Building and 0.2ha of adjacent land.
The existing Caird Building will then be converted, and a new build development constructed, resulting in around 300 new student residences.
The land is owned by the council, who are set to pocket £875,000 of the £1.5 million sale, with the balance going to UWS as the owner of the Caird Building.
Phase one of the redevelopment will result in student accommodation being built at Caird Street, which will replace existing accommodation at the bottom of Almada Street and Bothwell Road.
Commenting on the project, executive director for community and enterprise resources, Michael McGlynn, said: "Phase one was taken to the market in February. However, none of the bids were compliant with the brief and marketing arrangements and we couldn't progress."
"A further closing date was set for 17 April at which point three valid offers were received."
"The highest offer, for all three plots, was from Craigie Property Investments Ltd who wish to develop around 300 student residencies."
"The purchaser is aiming to have the conversion of the Caird Building complete in time for students to take occupation in September 2020."
The sale of the building is conditional on UWS closing the existing accommodation at Barrack Street within the next two years, with the site being described as not fit for purpose.
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