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Latest Midlands tall tower development to address 'undersupply of quality rental accommodation'

 
 

Birmingham's Broad Street has welcomed an influx of high-rise developments in recent times - and a newcomer is set to join the skyline, while pledging to offer something different.


Development company Regal Property is behind the 47-storey, £150m apartment tower called The Essington, which will offer more than 500 flats.


Alongside the apartments, designs include a pocket park, co-working space, a cinema room, gym and yoga studio, cycle storage and one of the city's highest private dining rooms on the building's top floor.


If approved it would become the latest development of its kind to be built in Broad Street, which has been designated for tall buildings, giving a new lease of life for an area with a rather raucous past  


Regal's development director Mark Holbeche told BusinessLive: "The city is hugely undersupplied with really good quality, well-managed and looked-after build-to-rent accommodation. 

"Having done our homework, we believe the city is still hugely undersupplied, we like to do something a little bit different and we like building tall buildings."

Read the full story here.

 

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While BusinessLive brings you plenty of stories of developments coming to fruition across the region, it's also important to highlight the ones that don't get past planners despite support at grassroots level.


Sparsis Leisure applied for permission to build a 98-room hotel and spa at a golf course on the edge of the National Forest near Leicester - but the plans have been knocked back, for being 'incongruous' with its rural surroundings.


The refusal comes months after a much larger scheme was rejected at the site, and despite support from the local parish council, which said: "Although this site falls outside the parish boundary, Desford Parish Council wishes to support the application as the benefits would be felt across the surrounding area.The site is currently brownfield and the improved biodiversity would support the National Forest strategy. The proposal would also encourage further tourism."


The council said it had worked with the developer on revised proposals but planning officers said: "It has not been possible to overcome the concerns raised and the proposal remains in conflict with the provisions of the development plan and therefore the application has been refused." 


The full story on Sparsis Leisure's latest planning bid can be found here.


Thanks for reading this week's round-up and I'll be back in your inbox next Thursday.


Coreena Ford

Business Writer

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