MASTERPLAN: Property developer submits Birmingham city centre office plans
Irish property developer Ballymore has submitted a detailed planning application for the Three Snowhill office development in Birmingham city centre.
The site will complete the Snowhill development in Birmingham, creating a city centre estate comprising nearly one million sq ft of premium office space to rival London.
The announcement was made at the recent global real estate show MIPIM in France, following a presentation about the Snow Hill Masterplan on the Greater Birmingham stand.
Three Snowhill is a 400,000 sq ft statement building for the Colmore Business District area – the business, professional and financial services hub for Birmingham.
The scheme will offer 360,000 sq ft of grade A offices over 16 storeys, complemented with 40,000 sq ft of leisure and retail space, and ancillary parking spaces over four floors.
Dublin-based Ballymore previously secured outline consent for Three Snowhill in 2013.
Ballymore’s project director for Snowhill, Richard Probert, said: “This is the right time to move forward with Three Snowhill.
“We were encouraged to push ahead with the scheme after securing the letting of the last available space in Two Snowhill to HS2, and seeing the launch of the Snow Hill Masterplan – which demonstrates the ambition and strategic vision needed to enhance and grow Birmingham city centre’s valuable business district.
“The masterplan aims to attract more investment, business and people into the city – and we are aiming to capitalise on these plans with the delivery of Three Snowhill.”
The announcement follows the unveiling of the city’s 20-year Snow Hill Masterplan by Birmingham City Council and the Colmore Business District.
Covering the Snow Hill and Colmore areas of the city, it provides a framework to create 10,000 new jobs, generate over 200,000 sq m of new office space, and boost the local economy by over £600 million each year.
The masterplan includes the improvement of transport links such as the redevelopment of Snow Hill station, along with the transformation of the A38 to create a new urban boulevard and the creation of a new urban neighbourhood that includes 4,000 new residential units.
Sir Albert Bore, leader of Birmingham City Council, said: “Ballymore’s news shows that the bold thinking behind the Snow Hill Masterplan is already helping to deliver new schemes for Birmingham’s expanding business community.
“Investment into Birmingham is gaining momentum. Despite a number of major schemes completing this year – such as New Street Station and Grand Central – we have several others on the horizon, including Paradise and Arena Central, which will continue to transform our city.”
More businesses are flocking to what is now dubbed the Greater Birmingham and than ever before. The region secured 95 foreign direct investment projects in 2013/14, the highest on record and more than any other English area.
Birmingham also welcomed more start-ups than any other city in 2014, according to StartUp Britain – a total of 18,000 new businesses.