A Joint Venture between Birmingham City Council and the British Telecom Pension Scheme (BTPS), managed by Hermes Real Estate Investment Management Limited (HREIML), the financial backers of renowned developers Argent, has been approved by the City's Cabinet. This approval sets the seal on delivery of the scheme that will transform the Paradise Circus area of the city centre.
The dramatic transformation of one of the most important and historic parts of Birmingham city centre is set to become a reality after award winning developers, Argent, gained outline planning approval from Birmingham City Council for the circa £450m complete redevelopment of Paradise Circus - widely recognised as one of the UK's most strategically important development sites.
Following extensive public consultation, an outline planning application for an exciting and comprehensive circa £450m redevelopment of Birmingham's Paradise Circus has been submitted to Birmingham City Council by award winning developers Argent.
Birmingham City Council has agreed an extension to the existing Exclusivity Agreement with proposed development partner Argent, for the future of Paradise Circus.
Over 500 people attended the public exhibition which was held at Paradise Forum in February. The development team were on hand to share their ideas for the redevelopment of Paradise Circus.
A two day public exhibition has been launched this week on ideas for the potential redevelopment options for Paradise Circus in Birmingham city centre.
Computer generated image of proposed redevelopment plans for Paradise Circus.