PROPERTY St Andrews hotel in Scotland bought for £32m Te development has sparked a lot of interest


Opportunities for leisure at Buchanan Galleries project


A number of leisure opportunities could be up for grabs aſter Glasgow City Council revealed that 93 separate areas of land around the Buchanan Galleries shopping district may have to be compulsorily pur- chased as part of a planned expansion. Te list of compulsory purchase orders


is now due to be sent to Scottish ministers for approval, with the council stating that it requires the land to push ahead with sig- nificant developments and improvements to the area known as Buchanan Quarter. Te expansion work would include an


extension and refurbishment of Buchanan Galleries Shopping Centre, as well as pub- lic realm improvements. It is being planned that two flagship retails stores – Marks & Spencer and John Lewis – will lead the way as part of 1.2m sq ſt (111,483sq m) of leisure, restaurant and shopping space. Designs for the overall extension –


which could come in at a cost of around £380m – have been put together by BDP architects for the site’s owners, Land Securities and Henderson Global Investors. If all goes to plan, the project could be


completed in the first quarter of 2018. Details: http://lei.sr?a=d9J7s


Designs approved for phase of £400m Arena Central


Burgeoning development in Birmingham is to continue aſter the city’s council approved design plans for the first phase of the £400m Arena Central project. Te wider-scale development has been


in limbo for almost 15 years because of planning disputes and the onset of the recession, however the first phase will now see the creation of an office block with shops and a small park. As the project develops, more offerings are to be added to the site, including leisure, extra office space, shops and restaurants. Te current phase, which planners suggest will be subject to a speedy uptake in construction, will see the city’s old ATV studios converted for mixed-use. Details: http://lei.sr?a=Q2G9U


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Luxury hotel of fering Fairmont St Andrews has been sold to a Beverley Hills- based property investment group for around £32m as Scotland continues to thrive as a hive of activity in the golf course property sector. Te 209-bedroom hotel and


golf resort, located in pictur- esque Fife, was bought by Kennedy Wilson Europe Real Estate, which also purchased Dublin’s Portmarnock Hotel for £23.9m back in June. Te initial development of


Te luxury hotel development is situated in Fife, Scotland


the St Andrews hotel, created in 2001, came in at around £50m and was the project of American businessman Don Panoz. It then came under the stewardship of New


York private equity firm Ares Management, with Fairmont Hotels and Resorts taking


over its management on a 25-year contract from 2006. As it stands, the hotel is situated within 520 acres of land, while the area also has planning permission for the creation of new holiday homes within the grounds. Details: http://lei.sr?a=Q4C7m


Manchester University proposes precinct


Developer Bruntwood and Te University of Manchester, UK, have submitted plans for a mixed-use precinct, which forms phase two of the £50m redevelopment of Manchester Business School (MBS). Te phase two plans focus


on the redevelopment of the existing precinct cen- tre to create a 40,500sq ft (3,763sq m) retail and leisure offering, with architects BDP and Leach Rhodes Walker responsible for the designs. Te proposals reconfigure


the existing precinct centre to create up to 14 units rang- ing in size from 600sq ſt to 11,000sq ſt (55.7sq m to 1,022sq m), with dou- ble-height glazed frontages onto Manchester’s Oxford Road. Te units will offer retail, food and leisure for students, staff and visitors to the University, plus the large working popula- tion around Oxford Road and local residents. Te offer is intended to complement the


Te precinct forms phase two of the ambitious regeneration project


only is there strong demand for a great retail mix, the site is a key strategic location in the Oxford Road Corridor,” said head of retail and leisure at Bruntwood Toby Sproll. “At the moment, there is very little retail


new hotel and enhanced Manchester Business School Centre, both of which are being developed as part of phase one, which was granted planning consent in April 2013, with construction due to commence later in 2014. “Te creation of a vibrant retail and lei-


sure offer as part of the wider redevelopment of Manchester Business School is vital. Not


Read Leisure Opportunities online: www.leisureopportunities.co.uk/digital


or leisure provision situated between the city centre and Whitworth Park. These plans create a new focal point that will provide fantastic amenities to the under- served catchment, attracting customers from the very first thing in the morning until well into the evening. We are confident demand for this location will see it become a thriving new destination in Manchester.” Details: http://lei.sr?a=S2w3E


Twitter: @leisureopps © CYBERTREK 2014


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