Value: £125 million Exchange Square 1, Birmingham
Exchange Square, Phase 1
Exchange Square is the final addition to Nikal’s hugely successful £350m Masshouse development in Birmingham City Centre.
An exciting new urban village is being created which will provide circa 1200 new high quality apartments plus shops, cafes and restaurants – all directly opposite the new Birmingham Curzon HS2 terminal.
The scheme will be delivered in two phases.
Phase one comprises 603 rental apartments in three buildings of 27, 16 and nine storeys plus a 5,000 sq ft residents’ hub including a concierge and members club style private lounge. The scheme will also provide 27,500 sq ft of ground floor retail and leisure space plus 186 car parking spaces.
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.
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 phase one of Exchange Square is underway with completion expected in 2019. View a time-lapse video of showing the first 6 months of progress below.