Developer to Open Bidding For £260 Digbeth Scheme
Bidding will shortly open to work on the first phase of the upcoming £260m mixed-used Digbeth Scheme.
Designed by by Corstorphine & Wright and led by Cole Waterhouse, the scheme in the Digbeth Cultural Quarter will lead to the development of 943 new homes, 60,000 sq ft of commercial space, new areas of public realm and a 133-bedroom hotel, as well as the development of around new eight buildings, the tallest of which will rise to up to 31-storeys. It is estimated that the project will initially lead to the creation of over 600 new jobs and will deliver over £229.5m gross added value to the local economy. Once built, a further 313 additional jobs will be delivered.
Phase One of the project will feature the development of the residential element of the Digbeth scheme, the majority of which is compromised of build-to-rent housing.
Speaking about the acquisition, Damian Flood, CEO at Cole Waterhouse, said: “With the land now successfully acquired, we look forward to the delivery of this major mixed-use scheme.
"Over the course of the next few months we will be tendering the construction contract for phase one, and aim to start on site by the third quarter of next year. We will also be appointing a real estate adviser to support us with marketing the residential offer both locally and internationally.
“There has been a huge collaborative effort from the stakeholders including the city council, the community of Digbeth, the Canal & River Trust and our project team and I would like to thank everyone for supporting our vision and for their unwavering commitment to the delivery of UTS.”
Simon Delahunty, assistant director development at Birmingham City Council, said: "The announcement that Cole Waterhouse and its funding partners have now acquired the land to bring forward Upper Trinity Street is very welcome news for the city of Birmingham.
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