SevenCapital secures permission for Connaught Square scheme in UK

WCN Editorial Team 21 Jan 2019 EUROPE BUILDINGS

UK property developer SevenCapital has secured full permission from the Birmingham City Council planners to go ahead with a scheme to transform Connaught Square in Digbeth, UK.

With a gross development value of more than £200m, the new destination will consist of a mix of residential, commercial, retail and public space designed to cement Digbeth’s reputation as Birmingham’s Creative Quarter.

The development is also part of the city’s wider plans to regenerate Digbeth and provide a catalyst for wider investment for the Southern Gateway area of the city.

The Connaught Square project will be taken up in two phases and after completion, it will feature 770 new apartments, including a 27-storey tower, 42,000ft² of commercial space, a community gymnasium and boxing academy.

The River Rea will run through the middle of the development. A new riverside walkway and terrace along the river will be constructed and opened up for the public for the first time in a century.

Furthermore, a 5000m² public open space, larger than that within London’s Soho Square, will be developed around the riverside feature.

As Connaught Square is intended to be a space for relaxation and hosting festivals, markets and events, it is expected to increase Birmingham’s capacity for attracting increased business and tourism.

It is also expected to create hundreds of jobs in the city, most of them during the construction process, and also support apprentices at the nearby South and City College.

After the completion of the project, Connaught Square is expected to provide 250 full-time jobs within the retail, community and commercial space and nearly 100 supply chain and ancillary jobs due to the additional commercial floorspace.

Work is expected to commence in summer 2019. The first phase is expected to be completed in March 2022 and the site is likely to be completed by August 2023.

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Image: CGI of Connaught Square. Photo: Courtesy of SevenCapital.

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