British Land is expanding its provincial development portfolio with the addition of the former Nat West building in Colmore Row, Birmingham. This prime city office site, located in the heart of Birmingham, was sold with vacant possession by Omega Land for approx. €35 million (£25 million).
British Land has appointed the architects Hamiltons to work with it to design a new high quality signature office building on what is widely believed to be the best office development site in central Birmingham.
Robert Samuel, Director of British Land Developments, said: "We have an established portfolio of development sites in the Midlands including Blythe Valley Business Park, Solihull and New Century Park, Coventry. We are pleased to have acquired this prime City center site and are looking forward to working with Birmingham City Council and the local community to develop an iconic and attractive addition to Birmingham's office skyline."
Councillor Ken Hardeman, Cabinet Member for Regeneration, Birmingham City Council, said: "Whatever form it takes, I am sure that the scheme will be of the highest quality to reflect our aspirations for this prominent site in the heart of our civic and commercial area. I look forward to working with British Land to deliver a landmark scheme which will enhance Birmingham's reputation as a global city."
Savills advised British Land.
Source: British Land