Nikal receives approval for residential project in Birmingham

WCN Editorial Team 3 May 2016 EUROPE BUILDINGS

UK-based property developer Nikal has received planning approval to build a £100m 603-unit residential project in Birmingham, UK.

The development, known as Exchange Square, will be located between Birmingham's central business district and Eastside City Park, close to the proposed HS2 railway terminal in Birmingham City Centre.

Designed by Stephenson Studio, the development will feature a range of one- and two-bedroom units alongside a small number of studios, and will be built across three blocks of 27, 16 and nine levels.

It will also include 27,500sq ft of ground floor retail and leisure space; 186 car parking slots; a 5,000sq ft members' club-style hub and a landscaped rooftop garden covering over 20,000sq ft.

Nikal’s managing director Nick Payne said: "Exchange Square is a development of both regional and national importance due to its location within a major area of investment and regeneration right next door to the proposed HS2 terminal.

"Now that planning consent has been secured we are in a position to bring forward the first phase of what we are sure will be an exemplar scheme for Birmingham's residential market."

Construction work is expected to begin in mid-2016, with completion of the first block scheduled in 2018 and the final block before the end of 2019.

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