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LONDON-In a 1980s-style docklands feeding frenzy potential occupiers and investors queued for up to two days last week to buy new waterfront apartments in the Glasgow Harbour development. Eventually, 191 properties worth £40 million ($65 million) were snapped up.

Brian Clarke, Managing Director of housebuilder Park Lane said: “The waterfront apartments at Glasgow Harbour have been attracting a high degree of interest in the build up to the launch, but demand over the launch weekend far outstripped our initial expectations.”

Overall, 651 apartments are being built in the first phase of Glasgow Harbour, and they will be completed and ready for occupancy from late 2004. Glasgow Harbour is a joint venture between Clydeport and Bank of Scotland, partly funded by the European Union, through the European Regional Development Fund. It was established specifically to regenerate 120 acres of derelict Clyde waterfront, occupying two miles of river front between the Scottish Exhibition and Conference Centre and the Clyde Tunnel.

In addition to 2,500 new homes the project will provide two million sf of offices; 400,000 sf of retail plus bars, restaurants, health and fitness clubs, and other leisure facilities. It also includes the site for Glasgow City Council’s new Riverside Museum, intended to replace the existing Glasgow Transport Museum.

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