Value: £125 million Exchange Square 1, Birmingham
Exchange Square, Phase 1
Exchange Square is the latest addition to Nikal’s hugely successful £350million Masshouse project.
An exciting new urban village is being created which will provide new high quality apartments plus shops, cafes and restaurants – all directly opposite the new Birmingham Curzon HS2 terminal and the City’s main Universities and Colleges.
The scheme will be delivered in two phases.
Phase one comprises 603 rental apartments in three buildings of 27, 14 and seven storeys plus a 5,000 sq ft residents’ hub including a concierge and members club style private lounge. The scheme also provides 30,000 sq ft of prime retail and leisure space which is being marketed by Rapleys. View the retail brochure here.
The apartments have been sold to LaSalle Investment Management through a build to rent deal worth in excess of £100m. La Salle acquired the long leasehold interest in the scheme on behalf of a client. Marketed as Allegro, the first two buildings are now complete and available for rent through agents Savills.
A stunning new public square will also be crafted that will form the heart of the development. Facing south, this new public realm will include a mix of hard and soft landscaping and be flanked by a number of restaurants, bars and cafes.
Exchange Square is located between the city’s traditional business and retail districts and the progressive Eastside, which has been the focus for a sustained period of investment and regeneration, including the Curson Masterplan and the city’s HS2 terminus.
Work on the final element of phase one Exchange Square is on target for completion at the end of 2019.
View our live webcam:
View a time-lapse video showing progress made in November 2018 below:
View a time-lapse video of showing the first fifteen months of progress below.