Glasgow council to award £600,000 grant for Egyptian Halls hotel

Summarised from 3 outlets · Updated 31 Oct, 13:32 · Archive

Glasgow City Council is set to award £600,000 to developer Ediston to transform the derelict Egyptian Halls into a hotel.

Glasgow City Council is set to award £600,000 to developer Ediston to help transform the derelict Egyptian Halls into a hotel. Councillors sitting on the city administration committee will vote on the funding at a meeting next week.

The grant is part of the council's efforts to save the A-listed building on Union Street, designed by Alexander 'Greek' Thomson. The council launched a compulsory purchase order process to take control of the property and bring it back into use. If approved, the £600,000 will come from the Bringing Property and Land back into Productive Use Fund, a £10 million budget created last year.

The council chose Ediston as its preferred developer earlier this year after inviting bids from multiple companies. The company's proposal was selected ahead of offers from the current owners, two companies run by Dundee businessman Derek Souter and his partners, and a bid from LPT/Lola Ltd.

Ediston's plan involves converting the upper floors into a hotel, with the first and second ground floors designated for leisure uses. According to a council report, the funding will support the firm in undertaking the technical and professional work needed to develop the proposal and inform negotiations on a back-to-back compulsory purchase order agreement.

Glasgow council to award £600,000 grant for Egyptian Halls hotel — Image: Glasgow Times

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How it is being reported

£600,000 council grant proposed to transform Glasgow’s derelict Egyptian HallsA developer is set to receive £600,000 from the council as part of a bid to transform the derelict Egyptian Halls in Glasgow into a hotel.Glasgow Times · 31 Oct, 13:17
Glasgow iconic Egyptian Halls to receive £600,000 as hotel plan continuesWork continues to save the historic city centre property.Glasgow Live · 30 Oct, 17:18
Council set to give developer £600k for Egyptian Halls hotel planA developer is set to receive £600,000 from the council as part of a bid to transform the derelict Egyptian Halls in Glasgow into a hotel.The Herald · 30 Oct, 17:01

In this story: Ediston · Glasgow City Council · Egyptian Halls · Alexander 'Greek' Thomson · Derek Souter · Glasgow

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