Value: £110 million Exchange Square 2, Birmingham
Exchange Square Phase 2, Birmingham
Phase 2 of Exchange Square, in Birmingham City Centre, is the final phase of Nikal’s £350m Masshouse project.
Planning has been secured (December 2019) for an exciting new scheme which includes apartments, hotel and high quality retail accommodation alongside ‘New City Square’, a brand new half-an-acre public space that links Exchange Square with Bruntwood’s neighbouring McLaren Building. The new square can be viewed via immersive 360 panoramic images – see links below.
Apartments and a Hotel
Nikal’s plans include 375 apartments within a residential block of 37 storeys. A deal has been agreed with Grainger PLC, the UK’s largest listed residential landlord and leader in the UK private rented sector (PRS), to acquire the apartments for £77million.
Nikal has also reached an agreement with Whitbread to create a 223-bed Premier Inn Hotel in a building of 15 storeys and a 6,000 sq ft Bar + Block restaurant at Exchange Square Phase 2.
Both the residential and hotel buildings are mounted on a unifying plinth that adopts a bold, contemporary style of architecture and use of materials. The proposal also includes 7,500ft2 of high quality retail space and 63 undercroft car parking spaces.
The first phase of Nikal’s Exchange Square development, consisting of 603 rental apartments known as Allegro, is complete and has been handed over to La Salle Investment Management. Nikal now hopes to commence work on Phase Two in Spring 2020.
Designs for Phase 2 are by twice RIBA Stirling Prize shortlisted architects, Stephenson Studio, who also worked with Nikal on Exchange Square Phase One.
360 Panoramic Imagery Released
New conceptual images have been created and include immersive 360 panoramic images which can be viewed on these links:
Entrance to New City Square showing the Premier Inn Hotel and McLaren Building.
Day – Image 1
Night – Image 2
The centre of New City Square showing modern retail units beneath the hotel and neighbouring Allegro.
Day – Image 3
Night – Image 4
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