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Sister dailies’ old home to become hotel after £10m property deal

The former home of three sister dailies is set to become a 300-bed hotel after an apparent £10m deal for the building.

Developer MRP has completed the purchase of the old Renfield Street offices of The Herald, Glasgow Times and The National.

The ground and first floors of the site are currently being let to the Department of Work and Pensions for a temporary Job Centre to deal with a rise in unemployment due to the coronavirus pandemic.

But a four-star Maldron hotel, with a bar, restaurant and business facilities, is now set to open on the site, pictured below.

Renfield St

The Times understands the sale of Renfield Street was agreed for more than £10m with vendor Aegon Asset Management.

Angus Monteith, development director at MRP, told the newspaper: “The purchase is part of a major, long-term investment project for us in this area of Glasgow.”

He added: “Our development plans will revitalise an important area of the city centre and support its economic recovery, particularly following the pandemic.”