UK: Cheval Collection has has signed a joint venture with Chris Stewart Group to open the first property under its MY Locanda brand in Glasgow.
The site, which is due to open in the first quarter of 2024 with 168 units, will be located on a development adjacent to Glasgow City Chambers on George Square. It will feature 104 studio apartments, 62 one-bedroom apartments, and two one-bedroom suites with panoramic views over Glasgow. The MY Locanda brand was launched earlier this week.
Investor and developer Chris Stewart, CEO of Chris Stewart Group, said: “MY Locanda will be a superb addition to our Love Loan development in Glasgow. Its international outlook and design-led approach will attract both short and long-term residents and matches our vision for the development which will include a range of high quality, cosmopolitan lifestyle, retail and food and drink brands. Having worked successfully with Cheval in Edinburgh, I’m delighted to continue the relationship with this new venture in Glasgow.”
Mohammed Almarzooqi, managing director of Cheval Collection, said: “In December 2018 we announced our vision for Cheval Collection to expand beyond key cities in the UK and to take on new management contracts both in the domestic and overseas markets. The launch of our exciting new brand, MY Locanda, demonstrates that vision coming to life, and we are already talking to many developers and investors about future locations.”
Designed by Hoskins Architects and with interior design by 3DReid, the property will have direct access to the pedestrianised Love Loan development and will be close to Glasgow Central and Glasgow Queen Street stations, the University of Strathclyde and the city’s finance district.
Cheval Collection also manages several properties owned by the Chris Stewart Group in Edinburgh.
