Property News
Image default
Housing Market News Residential Development News UK Property News

Prominent Birmingham Building Purchased in Seven-Figure Deal

A prominent Birmingham building is set to be given a new lease of life, following a major seven-figure deal.

The Henley-in-Arden-based Rainier Developments Limited purchased Priory House on the corner of Kent Street and Gooch Street North, and have plans to convert the seven-storey, 77,000 sq ft building into approximately 100 apartments as a key part of the regeneration of Birmingham’s Southside district.

Rainier Developments’ Managing director, Richard Mees said: “Priory House is a landmark in the Southside district and we intend to not only fully restore while maintaining its 1950s character but also create some stunning apartments in what is a superbly located part of the city.

“There is a huge amount of regeneration across Southside which is making it a real destination for
leisure and entertainment, but at the same time it is superbly located for apartment living being so
close to the transport hub in the centre of the city.

“Now the purchase is complete we will be liaising with Birmingham City Council and also with other
stakeholders and communities in Southside about how our development can bring a positive impact
to the area.”

Rainier Developments purchased the building from The Gooch Estate for an undisclosed fee and are set to apply for planning shortly. If approved, plans will be showcased at MIPIM – the world’s largest property development and investment show- in March.

Local Birmingham-based property consultancy Pennycuick Collins acted on behalf of The Gooch Estate.

Commenting on the sale, Charles Gillett, director at Pennycuick Collins, said: “Priory House, vacant since the Forensic Science Service was disbanded in 2012, is an ideal building for a conversion to provide something unique to Southside and Rainier Developments’ exciting plans will see it not only restored but also brought back to economic vibrancy complementing the other developments in the area and being an important addition to the regeneration of the neighbourhood.”

Featured Image: Pictured at Priory House are, left to right, Charles Gillett and Richard Mees.

Related posts

Leave a Comment