Glasgow Harbour could be transformed into a shopping outlet and leisure space under new plans submitted to the city council.
The £100 million investment would see the creation of Glasgow Harbour Lifestyle Outlet, including retail space, a cinema, restaurants and cafes.
The proposal to rejuvenate the site was granted Planning Permission in Principal in 2008, but Peel Lifestyle Outlets - which owns outlets in Manchester and Gloucester - has now submitted a further application.
Managing Director Jason Pullen said: “Shopping has evolved to become a major leisure activity. We are creating the next generation of outlet destination by delivering a balanced combination of exciting leisure and entertainment with a strong retail offering.
“Our Lifestyle Outlets are 4th generation outlets and far removed from soulless factory outlets. Glasgow Harbour Lifestyle Outlet will have a multi-generational appeal, as operators are supported by events, activities and performance space.
“The initial £100m investment, as well as delivering crucial construction and retail jobs, represents the next step in fulfilling the Glasgow Harbour masterplan and we’re excited to bring more life back to Glasgow’s Clydeside.”
Peel estimate that the outlet - which it hopes to complete by 2021 - could generate £45 million per year for the local economy.
The company’s portfolio already includes outlet retailers such as All Saints, Jack Wills, Cath Kidston, Joules and Nike.
Steven Underwood, Peel chief executive, said: “The Peel Group is excited to be creating a major retail, leisure and tourism destination on the Clyde which will complement, support and enhance the surrounding area.
“We’re looking forward to creating thousands of new jobs and opportunities for the people of Glasgow.
“Over the past decade, we have invested over £850 million in major projects across Scotland, creating 5,500 jobs and 3,500 homes.
“I’m proud to say Glasgow Harbour Lifestyle Outlet will take Peel’s commitment in Scotland to more than £1bn and we look forward to continuing our positive working relationship with the city.”
Peel have already built 1100 apartments on the site of the former Meadowside Granary in the first phase of its Glasgow harbour masterplan.
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