Prelet And Spec Launch Bruntwood's Birmingham SciTech Plans
Last year Bruntwood acquired the Birmingham Innovation Campus in a deal with Birmingham City Council.
A report to the council executive said: "The [campus] comprises Faraday Wharf, iCentrum and Universities Centre. There is potential for further significant development of the site, with around 90K SF remaining to be developed."
The task was to find a developer who could take on the remediated 9.9-acre site in Selly Oak, which already has outline planning consent for a 580K SF development.
Bruntwood has been in talks about the site, which would be a big win for the £360M tie-up between Bruntwood and Legal & General announced in October.
Bruntwood and Legal & General Capital have established a 50:50 partnership, Bruntwood SciTech, to drive science and technology growth in regional cities, with Birmingham a big focus for expansion. The deal will build on Bruntwood's acquisition in 2018 of the 80K SF Birmingham Innovation Campus, a move which was already expected to lead to a further 90K SF development. Nabbing the life science site would be a significant early win.