Major retail development in Glasgow
A £70 million property scheme in the heart of Glasgow city centre has been given the go ahead.
Work on the redevelopment of the Atlas site, at 185 to 221 Buchanan Street, will start this month and is expected to be completed by March 2013.
Commercial property developer Land Securities, which owns Buchanan Galleries in the city, expects around 100 construction jobs to be created during the building and fit out phase.
US fashion brand Forever 21 has already agreed to open a 60,000 square feet shop which will be its first in Scotland and third in the UK.
The site will also have two other large stores, eight smaller shop and restaurant units and 49 flats.
Land Securities bought the site out of administration in December 2009 and an updated planning application has been approved by Glasgow City Council.
Francis Salway, Land Securities chief executive, said: "The multi-million pound development in Glasgow will help boost the Scottish economy, create jobs, strengthen the retail offer in Glasgow City centre and regenerate the north end of Buchanan Street.
"The development has secured a significant pre-letting in Forever 21, which is a great vote of confidence in the city demonstrating that there is a demand from retailers for the right space in the right location."
Don Chang, founder and chief executive of Forever 21, said: "We are excited about coming to the trendy fashion capital of Scotland and opening one of our largest stores in the UK.
"This new retail scheme enticed us to enter the Scottish market with a super store that offers the right space in a first-class location."