Sale of landmark India Street site confirmed
City Property Glasgow (Investments) LLP is pleased to confirm the recent sale of a 1.28-acre site at 20 India Street, Glasgow to Vita Group.
City Property worked with global real estate advisor, CBRE on the landmark transaction, which completed on the 27th March 2025 and planning permission has been granted by Glasgow City Council for Vita Group to develop the site into a Purpose-Built Student Accommodation (PBSA) complex. Designed by architect, Sheppard Robson, the development will transform the site of the former Strathclyde Regional Council office into a vibrant residential and community hub, consisting of 591 PBSA apartments.
Mark Oakes, Chief Commercial Officer at Vita Group said:
“Over the last 12 months we’ve been working with the local community, councillors and a broad spectrum of stakeholders to shape the plans for 20 India Street, breathing new life into this brownfield site with plans for affordable housing, student accommodation and new commercial opportunities at this important site.
Vita’s existing Glasgow building on Beith Street is currently already ahead of the lettings curve for the 25/26 academic year, demonstrating the strong demand for our product in the city.
The new development emphasises our further commitment to Glasgow and aims to help alleviate some of the pressures felt across the city as a result of Glasgow’s growing population and lack of available housing types.”
David Smith, Executive Director at CBRE, said:
“We are pleased to have advised City Property in this landmark transaction. The redevelopment of 20 India Street represents a key milestone in the regeneration of Charing Cross, transforming a vacant site into a vibrant new community that will importantly deliver much-needed new homes and increase footfall in this area of the city.
“To drive impactful regeneration and stimulate economic growth in the city, innovative and strategic developments like this are essential.”
Andrew Johnston, Asset Manager at City Property Glasgow (Investments) LLP, said:
“We’re delighted to confirm the sale of 20 India Street to Vita Group. This area of the city has seen major investment recently and this development will contribute significantly by transforming a site which has been vacant for ten years and providing sought after student accommodation. This transaction contributes to the growth of opportunity and prosperity for Glasgow and helps City Property in achieving our ambition to positively invest in the city’s economy.
“We’d like to thank our agents, CBRE for their work on this transaction, as well as John Meehan and the legal team at Harper MacLeod. We look forward to seeing Vita Group’s development take shape over the coming months.”
CGI image courtesy of Vita Group