Cinema to be transformed into 10-storey office block

WORK on a £60 million development of an old cinema in the city centre will start next month.

Loading Comments
Share
Print
An artist's impression of how the former Odeon cinema will look when work is complete
An artist's impression of how the former Odeon cinema will look when work is complete

The former Odeon cinema and Paramount music venue, which opened in 1934, has been sold to developers who plan to convert the building on Renfield Street into a 10-storey office and retail block.

But the Art Deco facade and the foyer area of the building, which played host to stars such as Dusty Springfield, Roy Orbison and Cliff Richard in the 1960s, will be saved.

The work follows a deal between owners Duddingston House Properties, and developers Mountgrange and PRUPIM, who have bought most of the building.

The facade and the foyer area will be retained by Edinburgh-based Duddingston House Properties.

The company had planned to give the building a multi-million pound facelift, but the dire economic climate saw it scrap the plans.

The deal with Mountgrange and PRUPIM appears to put an end to hopes that the landmark building would return as an entertainment venue six years after the last film was shown in the cinema.

Mountgrange Real Estate Opportunity Fund and PRUPIM are set to make a speedy start on their plan to create 143,000 sq ft of Grade A office and retail space on the site.

The have appointed Sir Robert McAlpine, who has worked on the Commonwealth Sports Arena and the adjoining Sir Chris Hoy Velodrome in Glasgow, to design and build the development.

Demolition is expected to be completed by the end of the year, and the 10-storey building is expected to be completed by December 2014.

Nick Berry of Mountgrange Investment Management said: "We have identified Glasgow as a prime target for commercial investment and believe this provides an excellent opportunity to respond to the shortage of Grade A space in the heart of the city."

Councillor Gordon Matheson, leader of Glasgow City Council, said: "It is vital for Glasgow to have access to top class office space if we are to continue to attract new businesses and jobs. I am delighted this site is now to be regenerated."

In September, the Evening Times reported that Duddingston House Properties, Mountgrange and Prupim were close to concluding a £5m deal covering the bulk of the site.

Sir Robert McAlpine, It is constructing a new five-storey building for the Glasgow School of Art which will house studios, teaching facilities and exhibition space.

matty.sutton@heraldandtimes.co.uk

'

Arts and Entertainment

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

108325

Have you got a story?

Contact the news desk on 0141 302 6520 or email news@eveningtimes.co.uk
A weekly round up of social highlights

A weekly round up of social highlights

Cat's Eyes on Glasgow

Where to find the best scares this Hallowe'en... if you dare

Times Out

Entertainment

Lifestyle

TV Advert
Gail’s Gab

Gail’s Gab

Gail Sheridan is a mother-of-one and wife to Tommy and she likes to get political with the hot topic of the week in her column Gail’s Gab.

Games news:

Sussed in the city

Michelle McManus

Special cause helped me to keep off wine

Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.