Plans have been unveiled for a 500,000 sq ft office development in Birmingham city centre which could create hundreds of jobs.
Birmingham City Council and Sterling Property Ventures (SPV) have entered into a joint venture partnership for the delivery of offices and complimentary mixed uses on the site of Ludgate Hill car park.
The scheme, which will be known as Great Charles Square, covers two acres and fronts the A38 inner ring road, adjacent to Snowhill Station, in the city centre Enterprise Zone.
An outline planning application for the phased development will be submitted ‘later this year’.
The first phase of redevelopment will be a new 500 space multi-storey car park, which will act as a catalyst for the development of offices and a mixture of uses, Sterling said.
Architect PRC Group is appointed on the scheme and is working on proposals which will be presented as part of the planning consultation process.
James Howarth from Sterling PV said: “The development of Great Charles Square will create hundreds of jobs through the construction phase but the lasting legacy of the partnership with BCC will be the creation of high quality space and built environment which will accommodate over 2,500 new jobs.
“The supply of high quality office accommodation in the city continues to diminish so the creation of new stock which can be delivered without significant infrastructure works – and which we can to bring to the market at a competitive rental level – will be excellent news for occupiers and investors alike.”