Office shortage sparks developer competition in Birmingham | 12 August 2014
A distinct shortage of high quality office space in the centre of Birmingham has intensified the rivalry between two of the city’s biggest developers, it has been claimed.
Earlier this week, Arena Central Developments was given the go-ahead to begin work on its new £400 million Arena Central project. The first building is set to offer 13,000 square metres of office space, as well as a number of retail units. It is ex pected to be completed in 2016, bbc.co.uk reports.
In total, the development will take up 200,000 square metres of space, making it slightly larger than the nearby Paradise Circus complex, the plans of which have been put together by Argent.
According to Martin Guest, managing director of CBRE in Birmingham, the two projects are in direct competition to provide something the city is in desperate need of. The first building of Argent’s development, however, will not be finished until 2017.
One Arena Central One is expected to cost approximately £20 million to build, and has been designed by Ken Shuttleworth from Make Architects.
Jonathan Wallace of Arena Central Developments was quoted by bdonline.co.uk as saying: “The development of One Arena Central is the first step towards the realisation of our vision for a truly mixed-use, office-led destination in the heart of t he city centre.
“In Arena Central, we are looking to provide a high-quality location that will continue to build on Birmingham’s burgeoning reputation as an attractive destination for blue chip occupiers.”
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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