A property developer aims to deliver a £260 million mixed-used scheme in Birmingham.
by Rory Butler / January 17, 2023
Cole Waterhouse in Manchester will partner with the UK investment arm of US private equity firm Taurus Investment Holdings, to deliver the major new development on Upper Trinity Street, in Digbeth.
The joint venture (JV) with Taurus UK follows the purchase of the 5.2-acre industrial site by Cole Waterhouse in October 2022.
The scheme includes 943 new homes and a new public park for Birmingham.
600 construction jobs will be created.
- 133-bed hotel
- 60,000 sq ft commercial space
- live-work spaces
- roof gardens
The new Pump House Park will sit alongside the canal.
New homes for the Pat Benson Boxing Academy, the Museum of Youth Culture and the Birmingham Music Archive will be created.
The JV will appoint an investment agent and seek institutional funding partners to deliver the first two phases of the scheme, it said.
Design
- Corstorphine & Wright
Brokers
- Ingenious Real Estate
- Auxillium Real Estate
“Birmingham is an exciting place to invest as it represents one of the UK’s strongest regional economies, is a destination of choice for students, and has proven the ability to retain extensive growth thanks to the presence of industries, like technology, finance and media,” said Peter A. Merrigan, CEO of Taurus Investment Holdings.
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