Property
2015: No.21 - £170m
2014: No.19 - £165m
Sir Euan Anstruther-Gough Calthorpe’s Calthorpe Estates plans to give Edgbaston its heart back. The company has unveiled plans to redevelop parts of a triangle of land bordered by Calthorpe Road, Highfield Road and Harborne Road.
It is hoped this will become the “village centre” with a focus on fine dining, specialist retail and healthcare. The plans are being drawn up jointly by Calthorpe Estates and Birmingham City Council and aim to create a high-quality urban village within a mile of the city centre.
The village is an ambitious blueprint to create a retail and leisure destination. Greenfield Crescent would be redesigned as a new public space with landscaping, green spaces, shops and leisure facilities targeted at office workers, students, residents and visitors.
One of Calthorpe Estates major projects currently under way is the £200 million Pebble Mill redevelopment based around the site of the old BBC studios. The scheme is already more than three-quarters let and Calthorpe Estates has been given planning permission for a 53,800 sq ft healthcare facility. The former BBC building will be transformed into a medical and life sciences hub employing more than 1,000 people.
Work has begun on the medical quarter project which is being led by Calthorpe Estates along with Birmingham Community Healthcare NHS Trust, Birmingham and Solihull LIFT and the University of Birmingham. The 27-acre site is to include a new dental hospital and school of dentistry – the first new dental hospital in the UK for 40 years. A 62-room Bupa care home is also planned and private hospital operator Circle Health has taken part of the site.
Calthorpe Estates continues to pick up accolades on a regular basis for developments on its 1,550 acre estate in Edgbaston, which incorporates one of the UK’s biggest conservation areas.
Sir Euan Anstruther-Gough-Calthorpe’s stated aim is to ensure that the Calthorpe Estate is a superb place in which to live and work, just a mile west of the city centre. Sir Euan has worked closely with the management team of Calthorpe Estates and the board of trustees to develop the Edgbaston estate sympathetically, and in a sustainable way.
The estate has been overseen by 48 year-old Sir Euan’s family – one of the oldest in Birmingham – since 1717. Throughout that time the family refused to allow factories or warehouses to be built within the estate, so creating a high quality urban village, and leading to the area’s high property values. It wasn’t until the late 19th century that Edgbaston – then a town in its own right – came under Birmingham administration.
The original family home of the Gough-Calthorpes is now Edgbaston Golf Club
Calthorpe Estates holding company, Calthorpe Holdings, showed net assets of £5.37 million in 2012-2013. The company reports that deal activity has returned to pre-recession levels. A third of all office space deals in the city involved Calthorpe Estates properties.
The Anstruther-Gough-Calthorpe family lives in Elvetham in Hampshire. Sir Euan has property interests in Europe and the Gulf and interests in America.
