Plans for the development of a new £10m riverfront restaurant quarter at Broomielaw in the heart of Glasgow's financial district have been given the green light by the local authority.

The 32,000sq ft (2,973sq m) Broomielaw Quay scheme has been backed by Glasgow City Council and is expected to contribute to the wider redevelopment of the Clyde riverfront.

Capella Developments is behind the GD Lodge-designed project and is proposing four two-storey pavilion-style properties, which will house restaurant, café, pub and retail units.

Jim Fitzsimons, chief executive of Capella Group, said: "A thriving waterfront leisure destination is something Glasgow has long been sorely lacking and we believe these plans will go a long way towards addressing this.

"This development also offers real economic opportunities and will bring both jobs and investment to the heart of Glasgow."

Conran Design will provide the branding for the scheme, while Cushman and Wakefield will arrange the funding package. Jones Lang LaSalle will market the development.

It is anticipated that the scheme will be completed in 2013.

Details: www.clydewaterfront.com