Work has restarted on the historic Birmingham Mint property in the Jewellery Quarter, following the sale of the site from administrators Deloitte to Raybone Developments.
Upon completion, the development will provide 51,000 sq ft of business space, but there are also plans to extend planning permission which will see the development of an additional 66,000 sq ft of Grade A office space in central Birmingham.
Aside from commercial space, there will also be 192 high quality residential apartments ranging from 1 to 3-bed, with plans for a further 224 apartments, along with 234 underground car parking spaces.
“I am delighted that, with the help of many of the professionals and contractors involved with this development, a sale has been achieved,” commented Matt Cowlishaw of Deloitte, speaking to the Birmingham Post.
“Work had ceased on the development in September 2007 and the sale will result in the development, on an important site in the city centre, being completed.”