Birmingham Building Boom Set To Reach New Heights
Birmingham has had plenty of recent boosts to help raise the city’s profile and attract outside investment, such as the global attention produced by the Commonwealth Games and the upcoming arrival of HS2.
However, this is simply adding to a general feeling of renewal and revival in the city. While Manchester may have surged ahead of most provincial cities with its extensive tram system and flurry of skyscraper construction, builders are very busy in Birmingham too.
While the Midlands Metro has recently opened its westward extension across the city centre to Edgbaston, the construction of major new commercial and residential buildings has also been evident.
The latest planned development is the 2 Snowhill Plaza tower, a 48-storey skyscraper that will feature 462 apartments if it gains planning permission. Developer Hub Group and its partner pan-European real estate investment manager MARK have now submitted their application to Birmingham City Council.
Demand for forklift rental in Birmingham will continue to be high if projects like this get the go-ahead, with the application amounting to a vote of confidence in the city’s longer term future despite the current economic issues that have led the Bank of England to state that the UK may now be in recession.
Hub’s senior development manager Brad Burridge said the aim of the project is to “provide high quality homes in the midst of one of Birmingham’s busiest commercial districts, giving residents easy access to all that the city has to offer”.
The firm also has projects in Edinburgh, the Berkshire town of Maidenhead and another central Birmingham site at Digbeth, for which planning permission was secured in 2020.
Other build-to-rent skyscrapers in Birmingham will include the 51-storey Eastside Tower, on which construction is shortly to start after developer Court Collaboration secured a £200 million funding package. At 525 ft, it will be the tallest residential building in the city.
Plans lodged for 48-storey residential tower | Property News (insidermedia.com)
Plans in for landmark Birmingham build to rent tower | Construction Enquirer News
Bank Rate increased to 3% - November 2022 | Bank of England
£200m funding deal agreed for 51-storey apartment tower (msn.com)
Birmingham 51-storey tower to start construction | Construction Enquirer News