Glasgow M&S store to be transformed into student accommodation

Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

1. A former Marks & Spencer city centre store is to be turned into student accommodation in a £150 million project.

Fusion Group said it had completed a deal with the retailer for the site on Glasgow’s Sauchiehall Street.

Planning permission had been granted by the city council in July.

Fusion said it would deliver 619 student beds along with 9,500 sq ft of new commercial space through the creation of a shopping arcade that will include a pedestrian link to Renfrew Street.

Brodie Berman, the senior acquisitions associate at Fusion, believes the scheme can “kickstart the regeneration of Sauchiehall Street”.

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