Demolition plans in 拢75m Glasgow office development

Image source, Google

Image caption, Princes House was constructed in the 1960s

Plans have been submitted for the demolition of a prominent Glasgow city centre office block.

Developers want to replace Princes House with a new 拢75m office project.

Originally constructed in the mid-1960s, Princes House was formerly home to Lloyds Banking Group, and more recently Barclays.

A planning application has been lodged by architects Mosaic Architecture + Design on behalf of Garroch Investments.

The building occupies a corner plot on Waterloo Street and West Campbell Street, a short distance from Glasgow Central Station.

Image source, Mosaic

Image caption, Developers want to create a new 拢75m office complex

Developers said the Magnet project, which includes a staff gym, as well as cycle storage and charging facilities, could create about 1,200 new jobs in the city.

Mosaic director Neil Haining said: "The location of the site offers the opportunity for Magnet to be a highly visible landmark within the city through the generation of a taller building than that existing on a gateway site to the city centre.

"As Glasgow needs more mixed-use developments in this part of the city, Magnet will offer a new-build mixed-use commercial development with ground floor retail use, with commercial office space above."