Global real estate powerhouse Hines has acquired Solasta Riverside, a 324-unit build-to-rent tower in Glasgow's city centre, signalling growing institutional appetite for Scotland's underserved rental market. The 20-storey scheme, purchased through Hines European Property Partners (HEPP) from Legal & General, sits at the heart of the €463 million Clyde Place regeneration project.
The 2022-completed development spans 19,600 square metres of residential space alongside 353 square metres of ground-floor commercial units, featuring premium amenities including a gymnasium, co-working facilities, private roof terrace and games room. Located just five minutes from Glasgow Central railway station, the asset neighbours Barclays' new 46,450 square metres office development and sits opposite major occupiers including PwC, EY and HMRC across the River Clyde.
Despite being the UK's third-largest city with 35% of residents aged 25-44, Glasgow possesses the smallest funded BTR pipeline of any major regional UK city, creating a compelling supply-demand imbalance for investors. The city boasts the UK's highest graduate retention rate at 51%, yet suffers from an acute shortage of high-quality rental accommodation for young professionals, presenting significant rental yield opportunities that have been largely overlooked by institutional capital.
Source: europe-re.com on 9 July 2025
https://europe-re.com/hines-secures-prime-glasgow-build-to-rent-tower-in-463m-regeneration-zone/74399