Sandy and James Easdale, who have increased the prospect of a hotel or residential development in a rejuvenation plan estimated to cost more than £ 20 million, have purchased the building that housed the landmark former Watt Brothers department store in Glasgow.
Since Watt Brothers went bankrupt last year, the historic building at the intersection of Bath Street and Sauchiehall Street has been empty.
McGill’s Buses company owners decided to save the Art Deco building with Watt Brothers’ administrators, KPMG.
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“Sandy Easdale said, “This is a landmark beloved by Glaswegian generations. It was sad to see the company close last year, but we knew we had to take it when the chance arose to buy the building and rebuild it for the future.
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We assume the building has tremendous potential for hotel and residential use, and to see what can be done, we are now in negotiation with professional consultants. It has a proud history, and we’re optimistic it’s going to have an even brighter future. In the revitalization of this section of Sauchiehall Street, this project will play an important role and add to the nearly £ 400 million of property and building projects we are currently undertaking as a family.