Top commercial property headlines from BusinessLive

Latest Commercial Property news Read in browser Commercial Property Deals Appointments | Sign In 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 newcome

Latest Commercial Property news

 

Read in browser

Latest Commercial Property news

Commercial Property   Deals   Appointments   |  Sign In

 

twitter linkedin

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.

 

Marriott to open new city centre hotel after near three-year delay

Clearwater Developments transforms hall into homes thanks to £770k funding

Historic Derby mill site could be turned into flats

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

More property stories from our network

Get in touch with us!

Is there something specific you'd like us to write about or just some feedback to share? Send an email to Coreena Ford


Don't forget to check our Commercial Property section regularly for our most recent stories and if you've been forwarded this newsletter and want to receive it each week, sign up here to have it delivered direct.

Latest property news

 

Historic Birmingham buildings acquired ahead of hotel conversion

Read more

 

Tyneside property firm Zebra Leisure Lease to expand following six-figure deal

Read more

See more stories
 
 
 

Follow BusinessLive

 

twitter linkedin

 
 
 

© 2022 a Reach plc subsidiary. All rights reserved.

You are receiving this email because you signed up to receive Commercial Property updates from BusinessLive.

Please do not reply to this email directly as it is not monitored.

Unsubscribe    |    Terms of Use    |    Privacy Policy   |    Preference Centre

Registered office One Canada Square, Canary Wharf, London E14 5AP

Registered No. 2571173, England and Wales  




Previous Post Next Post

Contact Form