Landscapes and music

By NelsonMcF

Buchanan Street

Another one of those amazing buildings in central Glasgow which I have walked past without noticing before. This looks like a Dutch influence? I will need to investigate...

Addendum - This building used to be Glasgow Stock Exchange -At the start of 1964, the four local stock exchanges of Scotland, Edinburgh, Aberdeen, Dundee and Glasgow merged into one with the headquarters in the Glasgow building on Buchanan Street. In 1969, the functions of the stock exchange were temporarily moved to Ingram Street to make way for the refurbishment of the building which lasted two years to make the exchange more practical and functional.On the re-opening of the building in 1971, at time time, Glasgow Times reported: "The modernised premises will provide more spacious and comfortable accommodation for the staff and workers, and create a freer market with the business of all the stock exchanges in Scotland being concentrated in one building." However, in 1973 only a few years down the line, the Scottish Stock Exchange merged with the London Stock Exchange and the Glasgow building was left vacant. According to news reports at the time, this happened because the UK government wanted to centralise the economic industry in the country and to cut the costs of administration fees along with other reasons. Since the closure of the stock market in Scotland there have been many calls and attempts to re-establish the industry in Scotland but many economic factors have led those projects to dead ends. In 2019, Project Heather, the campaign to re-start was given a £750,000 government grant from Scottish Enterprise which would have seen the stock market located in Edinburgh. However, these plans were not successful as it was reported that there was a failure of funding for the idea. The building on Buchanan Street which was designed by Scottish architect, John Burnett now has shops like Urban Outfitters and North Face trading in them. The well-known architect also created the Tomb of George Baillie by Glasgow Cathedral and the University of Glasgow's, Mcintyre Building and is believed to have been inspired by the Royal Courts of Justice. It is now a category A listed building in Scotland and one of the most impressive buildings in the city centre.

Comments
Sign in or get an account to comment.