Plans for a new multi-million-pound office redevelopment scheme in the West Midlands have been unveiled by a leading property investment group.
Urban Village Group has received planning permission from Birmingham City Council to deliver a high-quality 247-apartment scheme for open market sale and the private rented sector (PRS).
Nick Sellman, Chief executive of Urban Village Group, states: “We are enormously excited at the prospect of transforming one of our home city’s major landmark office buildings into a fantastic development providing high-quality homes for hundreds of people.
“Work is about to get underway on the first phase. Later phases will deliver a total of 247 apartments under the existing planning consent, and we hope to eventually create 400 new homes in this magnificent building.
Originally built in the 1960s, Equipoint was previously a major office building in the area of Yardley. Today the former office building is located close to Birmingham city centre, the NEC, airport and the proposed HS2 hub – making it an ideal location for London commuters.
Highlighting the appeal of the location, Nick adds: “It will be very popular with people working in the city and those that need to travel to London or further afield by train, plane or car.”
The West Midlands-based construction company Mac-group has won a £17 million contract from Urban Village Group to redevelop the 10-storey office building into a series of one- and two-bedroom apartments.
As part of the contract, Mac-Group will deliver a comprehensive renovation including the installation of all M&E services, new thermal-efficient windows, insulation and new lifts.
Work has just begun on site and completion is expected in Q2 2021.
Commenting on the development, Ray O’Sullivan, Director at Mac-Group, said: “We’ve a strong start to 2020, with our start on site for the Equipoint project,
“This is a significant development, transforming a well-known office building in a very prominent and well-connected location into much-needed homes.”