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International property group to sink £15m into first hotel

International property and investment business, Jahama Group is today announcing plans to develop its first hotel - to the tune of £15m - after recently receiving pre-planning consent from South Lanarkshire Council for a full-service 100-bed venue in Clydebridge on the outskirts of East Glasgow.

Investment in hospitality facilities is part of Jahama’s wider strategy to develop surplus land around existing and former industrial sites for a range of property uses, which enhance local communities while also bringing employment and tourism to the area.

South Lanarkshire Council’s support follows a pre-application enquiry submitted by Jahama last September. The scheme is for redundant land to the east of sister company Liberty and its iconic Clydebridge Steelworks, situated to the north of Cambuslang.

Once built, Clydebridge Hotel will deliver 50 permanent jobs and help create further indirect jobs in the wider community. UK property and development expert Strutt & Parker (part of the BNP Paribas Real Estate Group) has been appointed to advise Jahama on this project and secure planning permission for the development.

The 10-acre site benefits from a strategic road network including easy access to the M74, proximity to the River Clyde and a substantial area of woodland, providing opportunities for future guest amenities.

The plans for a full-service hotel are designed to offer a wide variety of activities to both leisure and business travellers as well as amenities to the local community. When developed, the site will include a restaurant, café, bar and state-of-the-art fitness club.

The east of Glasgow has undergone considerable regeneration over the last decade with the construction of buildings for the Commonwealth games such as the Athletes Village at Dalmarnock, Emirates Arena and The Sir Chris Hoy Velodrome. The wider Clyde Gateway regeneration project is also attracting plenty of property investment and additional businesses into the area, which the hotel will be serving.

Jahama’s CEO Dilip Awtani said, “We are delighted to be contributing to the huge regeneration activity that is currently taking place in East Glasgow. The recent investment in the infrastructure and recreational facilities will drive tourism and business activity to the city, create jobs and other benefits for the local community. This is why we believe that Cambuslang is an ideal location for a modern enhanced-services hotel and leisure facility.

“Our team has a wealth of property development and finance experience that can bring these plans to fruition and advance further commercial property developments, utilising the extensive land within Jahama’s portfolio.

“For this project, we would also be keen to partner with branded operators in the area or new to the city that can work with us to turn the hotel in Clydebridge into a popular destination.”

Jahama is part of a collection of industrial companies that form the GFG Alliance, which also includes the owner of neighbouring Clydebridge and Dalzell steelworks, Liberty Steel Group.

Sanjeev Gupta, Founder and Executive Chairman of the GFG Alliance, said, “We are focussed on Scotland as a key area of investment, already deploying funds of £500m as recently set out in our Scottish Investment Report. The Clydebridge site was part of our first Scottish investment and I am pleased that the initial investment in the steel business is also bringing further local opportunities.

“We have recently received permission to build a zipwire leisure facility in the Highlands at Kinlochleven so the tourism industry is becoming an increasingly important part of GFG’s Scottish portfolio.”