UK Property News: Birmingham
As 2020 gets underway Britains second largest city, Birmingham, is becoming a bit busier with new properties for recently announced including the 61-storey high skyscraper planned for 100 Broad Street. The structure is to be designed by architect Glancy Nicolls and backed by Euro Capital Investments. When completed the property will feature 503 luxury apartments with a gym, cinema, rooftop terrace, co- working space and restaurants according to a report by the Architects Journal.
100 Broad Street, Birmingham, UK
At a recent council meeting on the project Nick Jackson the city planning manager for the Birmingham City Council said that the project would be a:
"Successful addition to Broad Street and the wider city skyline" and would be 40 meters taller than the current tallest structure the BT Tower.
One disappointment regarding the new project was announced by Councillor Lou Robinson over the lack of affordable housing at 25 units in the plan. Construction is planned to begin in 2021 and be completed by 2024.
Architect Glancy Nichols won approval in 2019 for the One Eastside 51-storey tower at HS2 Curzon Street Station. It is expected that a contractor will be announced in the 1Q.
Birmingham will also have an expansion with BT planning a new office at Three Snowhill that will be home to 4,000 employees in a new 17-storey tower. The expansion is expected to become a 'strategic hub location' for the company in a report byBuy Association.
Graeme Paton, BT’s managing director of Property and Facilities Services says:
“Unveiling our new site at Three Snowhill follows our announcement last year, when Birmingham was revealed as one of the first locations that will house our workplaces of the future."
“Our new building in Birmingham will bring our people together in an impressive and modern environment, transforming the way we work. Excitingly, it will become a strategic hub location for BT in the UK with a considerable increase in the number of colleagues we employ based in the city.”
Birmingham is becoming known for its growing talent pool with HSBC putting a base with 2,000 staff in 2019.
Price Waterhouse has also moved 2,000 staff to new offices at One Chamberlin Square with Buy Association reporting the firm plans to increase its staff number to 2,300 by the end of 2020.
Kevin Ellis, chairman and senior partner at PwC UK, says:
“This new office complements our other investments across the UK, including Bristol, Reading, Leeds, Bradford Manchester, Edinburgh, and we’ll be opening a new Belfast office in late 2020 in response to our growth in Northern Ireland.”
Also announcing new plans is Starwood Capital Group, the global private investment group, with the iconic The Grand Hotel overlooking Colmore Row. It is expecting to be opening in the summer of 2020 after a full restoration.
The luxury Grade II* listed property with its French Renaissance, Victorian, Art Deco features will have 285 rooms and suites with the Grosvenor ballroom being the centerpiece feature and one of the most historic in the United Kingdom according to Hotel-Online.
The hotel will feature after a £45 million renovation:
"The restoration also includes new penthouse suites with spectacular views across St Phillip’s Cathedral and the city beyond; a sunken rooftop garden terrace – set to become one of the city’s best kept secret destinations; two new bars and a destination restaurant, a gymnasium, state-of-the-art meeting rooms, collaboration areas, and event spaces."
The Grosvenor Room at The Grand Hotel, Birmingham, UK
The designs for the interior are by world-renowned Robert Angell Design International and will "reflect the passion and spirit of Birmingham, whilst paying homage to the building’s stunning original features and history."
The hotel is said to have hosted such well known names as King George VI, Malcolm X, Charlie Chaplin, Winston Churchill and James Cagney.
Cody Bradshaw, Managing Director, Head of International Hotels at Starwood Capital Group says:
“We’re proud to be working with Hortons’ Estate, whose founder, Isaac Horton, originally built the hotel in the 1870s, on a shared vision to create one of the most prestigious hotels in the UK. The restoration of this stunning grande dame building is another milestone in what is an exciting period of transformation for this vibrant city. We look forward to providing visitors to Birmingham – and locals alike with a truly one-of-a-kind destination that celebrates the splendour of this landmark building but with a 21st-century luxury experience.”