European wellbeing group Therme has named Glasgow as the location for its second UK resort based on the "grand thermal bathing traditions".
Therme has agreed heads of terms on a waterfront site in central Glasgow next to the Riverside Museum, at the intersection of the Kelvin and Clyde rivers. The Austrian-headquartered group is aiming to submit a planning application for Therme Scotland in 2022.
The project is expected to be approximately 320,000sq ft in size and to cost around £100 million to build. It will include a next-generation indoor water park, extensive thermal pools and spa, and a health and wellbeing centre.
Additional elements of the project include a vertical farm to make locally-grown fresh produce available to the millions of guests that are expected to visit each year. This is being developed in conjunction with Edinburgh-based vertical farming specialist Intelligent Growth Solutions (IGS).
Plans further include a bridge across the River Kelvin providing a link to the Riverside Museum and expanding access to the Glasgow waterfront. A second bridge will be built by Glasgow City Council over the River Clyde, between Govan and Partick, which will enable access for all communities.
Edinburgh builder reveals plans for 500 new homes in Scotland
MILLER Homes has unveiled plans to build more than 500 homes across the central belt and east of Scotland, underlining its confidence in the future of the market north of the Border.
Finance giants support jobs in Edinburgh, Motherwell and Perth
AEGON UK, which employs around 1,200 people in Edinburgh, has recorded strong growth in profits but suffered an apparent reverse in the investment platform market it has decided to focus on.
Meanwhile another big finance sector employer in Scotland, Aviva, has achieved strong growth in the pensions market which Aegon cooled on.
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