The Social Hub (TSH)

Glasgow, Scotland
Appointed by: TSH Europe B.V
Soben’s transparent cost data helped TSH successfully deliver this unique hybrid combination of co-living and co-working in the heart of Glasgow.

Key statistics

£50 million

Value (approx)

18,000m2

Project Size (approx)

UK & EMEA

Region

2023

Project Year

Complex project, comprehensive approach

The Social Hub is a hybrid hospitality brand, offering spaces that combine student living, hotel accommodation, extended stay rooms, co-working facilities, meeting and event spaces, restaurants, bars and gyms, all under one community, and one roof.

Soben were appointed by TSH to provide pre-and post-contract cost control services including producing tender and contractual documents, tender appraisals, value engineering, post-contract cost control (change management), interim valuations, cost reporting and agreeing on the final account. This complex and prestigious development will be the first of its kind for The Social Hub in the UK. The TSH model will be the first of further urban regeneration projects not just in Glasgow, but across the UK.

knowledge

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progression

Where passion meets precision

ROI

For every £1 invested in us to date, we can demonstrate a 10x return on that investment through added value, cost savings or cost avoidance for our clients.

Expertise

Our experienced consultants have worked at the sharp end of contracting, commercially managing complex projects.

Access

We only hire the best to deliver world-class cost, time and quality outcomes. All of our Managers have previous senior leadership experience within large contracting organisations.

Delivering on our promises

The Social Hub (TSH) is a unique hybrid combination of co-living and co-working in the heart of Glasgow City Centre. Once complete, TSH will be Glasgow’s largest hotel, consisting of 493 rooms across 9 floors. There will be a wealth of amenities including coworking spaces, restaurant, coffee bar, meeting & events rooms and a rooftop bar.

After unprecedented cost increases due to inflation, Soben took over the financial costings, driving the project through an intensive value engineering process. As part of this, Soben introduced a new main contractor to deliver the project and achieve far better value for money.

Soben produced a robust report outlining the cause of the increase to provisional sums, categorising the values between inflation, design development and risk materialisation. Doing this provided the client with transparency and a better understanding of the cost increases. From this, solutions were deployed to mitigate the impact and manage the values to fulfil the project.

Where culture meets quality

We understand the complexity of major infrastructure projects, the need to manage expectations of multiple stakeholders. Our infrastructure expertise is focused on delivering efficient, cost effective, and future-proofed results.

Soben offers something different – a combination of the best consultancy practices, with real-life hands-on commercial experience in delivering major construction projects.

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Speak to one of our experts

Derek McFarlane

Managing Director – EMEA

[email protected]

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