Two Snow Hill Office Scheme Takes Step Forward
Balfour Beatty have been named as the preferred contractor for the stalled Two Snow Hill office scheme in the heart of Birmingham City Centre, bringing the creation of the projects 300,000 sq. ft. + of office space a step closer according to a report by TheBusinessDesk.com.
As previously reported on the officebroker.com blog, the Two Snow Hill office scheme has been stuck in a state of Limbo since the projects original backers pulled out following the onset of the worldwide financial crisis. But after fending off stiff competition from other firms keen to drive the office development forward ΓÇô Balfour Beatty have emerged victorious.
Balfour Beatty are yet to comment on the situation however, with TheBusinessDesk.com reporting that a spokeswomen for the construction firm informed them that no further comment would be made until the decision was finalised in the New Year.
With several property agents highlighting the lack of new developments due to be completed in regional cities ,such as Birmingham, in the next few years, the apparent clarity regarding the Two Snow Hill office scheme could provide a positive boost ΓÇô equipping Birmingham with a large quantity of Grade ΓÇÿAΓÇÖ Office Space that may allow it to attract notable names to its business community.