Hines has acquired Solasta Riverside, a 324-unit, 20-story build-to-rent (BTR) scheme in Glasgow.
Solasta was acquired by Hines European Property Partners (HEPP), the firm’s open-ended core-plus European strategy, from Legal & General.
The scheme was completed in 2022 and comprises a mix of high-quality studio, one-, two- and three-bed apartments totaling 211,000 square feet, alongside 3,800 square feet of ground-floor commercial space. Residents benefit from access to a best-in-class amenity package which includes a gym, co-working space, private roof terrace and games room.
Located at the core of the £500 million ($680 million) Clyde Place regeneration project, Solasta is a five-minute walk from Glasgow Central railway station and near the city center. The asset is adjacent to Barclays’ new 500,000-square-foot office scheme, with several other blue-chip occupiers – including PwC, EY and HMRC – located immediately across the River Clyde in Glasgowâ
