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Two Brindleyplace is to be partly demolished as part of radical update and shake-up of the prime Birmingham block.
The 78K SF block was acquired by Aver Property, a new partnership between Ergo Real Estate and NFU Mutual, in a £30M deal in 2019. The lease to tenant Lloyds Bank ends this month.
The 25-year-old building was due a rethink.
“Due to the length of the existing lease, the building has been the subject of limited improvement or investment over the last 25 years, and is therefore in need of upgrading,” a planning statement by adviser Turley said.
The plan will mean 14.5K SF extra office floorspace, including replacement of the existing sixth floor, with new, fully glazed, open-plan office workspace, and a single-storey upward extension creating a new seventh floor of office accommodation and two new external roof terraces.
The plan also involves solar PV arrays, improved facades and a new public walkway, reception and entrance. There will be 122 cycle spaces and six electric vehicle charging points. By reusing existing waste the redevelopment will save 50% carbon emissions compared to new build.
The redevelopment is about “ensuring Two Brindleyplace remains a viable, attractive and high-quality office building, enhancing it to provide modern, fit-for-purpose accommodation to serve the needs of the market, and future-proofing it for occupants,” the report said. “This will ensure Brindleyplace remains competitive in the Birmingham market, and will reduce likelihood of the building sitting vacant.”
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