Mercat Building Sold

We’re pleased to confim that the Mercat Building at Glasgow Cross has been sold by City Property Glasgow (Investments) LLP (CPGI) to a local developer for a mixed use residential and commercial development.

Following a successful marketing period, the A-listed city centre landmark which has served various purposes over the years has been purchased by local developer, CatB Works Ltd.  With over 30 years of experience working with listed buildings. The CatB Works design team intend on converting the six story Mercat, constructed in the 1920s, into high-quality apartments.

Lee Marshall, of CatB Works, said: “The goal is to sympathetically and carefully convert it, using the most sustainable methods of construction. The result will be a restored iconic building which will help bring people back to the city centre”.

Terry McFarlane, director at Graham + Sibbald who managed the sale on behalf of CPGI, described the sale of the Mercat Building as a “major deal in Glasgow city centre”.

Marc Canning, Head of Investment at CPGI added “We’re delighted to confirm the sale of the Mercat Building. This project will regenerate a part of Glasgow’s heritage, help to revitalise the city centre and contribute to the growth of opportunity and prosperity for Glasgow”

“We look forward to seeing the exciting plans for this iconic Merchant City landmark progress”