500 new jobs on the horizon as Glasgow City Council concludes agreement for further development of the Fort
Glasgow City Council's Executive Committee today (13 December) approved the conclusion of negotiations which could bring 500 new jobs to the East End of the city.
The agreement between City Property - which manages Glasgow City Council's commercial property portfolio - and Hercules Unit Trust, head tenant at both Glasgow Fort and Shandwick Square Shopping Centre, would pave the way towards Phase 2 at Glasgow Fort and a multi-million pound investment.
Glasgow Fort is one of the most successful out of town shopping centres in the UK, and has already delivered over 1500 jobs and more than 90 businesses to Easterhouse since opening in 2004, with around 65% of these positions filled by local people.
The new agreement would see an extension of up to 175,000 sq ft at Glasgow Fort, creating 50 jobs at the construction phase and 450 new jobs once the additional retail and other facilities open.
Bailie Liz Cameron, Executive Member for Jobs and the Economy at Glasgow City Council, said: "Glasgow Fort has been a great success story in the city's East End, attracting a fantastic number of jobs and businesses. This positive economic impact will be taken to a new level by today's decision, hopefully attracting further investment to the area which would bring many new jobs to local people. The sum paid by the developers as part of this agreement is a very welcome contribution to the continuing regeneration of this part of Glasgow."